Key regions: China, Germany, United States, United Kingdom, Canada
The Enterprise Performance Management Software market in EU-27 has been experiencing steady growth in recent years.
Customer preferences: Enterprises in EU-27 are increasingly adopting Enterprise Performance Management Software to streamline their operations and improve decision-making processes. This is due to the software's ability to provide real-time data and insights, allowing organizations to make informed decisions quickly.
Trends in the market: Germany is the largest market for Enterprise Performance Management Software in EU-27, followed by France and the United Kingdom. The market is dominated by large players such as SAP, Oracle, and IBM, who offer a wide range of solutions to meet the diverse needs of their customers. However, there is also a growing trend towards smaller, more specialized software providers who focus on specific industries or functions.In addition, there is a shift towards cloud-based solutions, which offer greater flexibility and scalability compared to traditional on-premises software. This is particularly appealing to smaller organizations that may not have the resources to manage their own IT infrastructure.
Local special circumstances: In the United Kingdom, Brexit has had an impact on the Enterprise Performance Management Software market, with uncertainty around trade agreements and regulations leading to a cautious approach from some organizations.In France, there is a growing focus on sustainability and environmental performance, which has led to increased demand for software solutions that can help organizations track and reduce their carbon footprint.
Underlying macroeconomic factors: The overall economic growth in EU-27 has been steady, which has contributed to the growth of the Enterprise Performance Management Software market. In addition, the increasing importance of data-driven decision making and the need for organizations to stay competitive in a rapidly changing business environment has also driven demand for these solutions.Overall, the Enterprise Performance Management Software market in EU-27 is expected to continue its growth trajectory in the coming years, driven by the increasing adoption of cloud-based solutions and the need for organizations to make data-driven decisions quickly and efficiently.
Data coverage:
The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).Modeling approach / Market size:
The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.Forecasts:
We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.Additional notes:
The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.
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