Skip to main content
  1. Market Insights
  2. Technology
  3. Software
  4. Enterprise Software

Enterprise Performance Management Software - Finland

Finland
  • The Enterprise Performance Management Software market in Finland is expected to generate a revenue of US$26.41m in 2024.
  • This revenue is projected to grow at an annual growth rate (CAGR 2024-2029) of 2.90%, resulting in a market volume of US$30.46m by 2029.
  • In Finland, the average Spend per Employee in the Enterprise Performance Management Software market is also expected to reach US$9.16 in 2024.
  • When comparing in Finland to other countries globally, it is worth noting that United States is projected to generate the highest revenue in this market segment, reaching US$2.87bn in 2024.
  • The use of cloud-based Enterprise Performance Management Software is gaining traction in Finland's software market, enabling businesses to streamline their financial planning and reporting processes.

Definition:

The Enterprise Performance Management Software market covers software solutions that help organizations to manage and improve their performance across various areas, such as finance, operations, and strategy. These solutions typically include features for financial planning and analysis, budgeting, forecasting, and consolidation. These are primarily focused on providing insights and strategic guidance to help organizations make informed decisions and achieve their long-term goals.

Products in the Enterprise Performance Management Software market can be obtained in two ways: as on-premises software that is sold via a transactional license or a subscription and as cloud-based software (software as a service/ SaaS) that is most frequently sold as a subscription.

Additional Information:

The Enterprise Performance Management Software market comprises revenue and revenue growth as the key performance indicators. Only the revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included and the revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by enterprises (B2B) and governments (B2G).

Key players in this market include Oracle. SAP, Anaplan, IBM, and Workday.

For more information on the displayed data, use the info button right next to the boxes.

In-Scope

  • Performance management software, such as PerformYard, Engagedly, Leapsome, BambooHR, SAP SuccessFactors, Paylocity, and Workday
  • Financial planning and budgeting, such as SAP, Workday, and Centage (Budget Maestro)
  • Strategic planning and modeling, such as Workday Adaptive Planning, Jedox, and Host Analytics

Out-Of-Scope

  • Administrative software, such as ADP, Gusto, Workday, and SAP
  • Office software, such as Microsoft, Google, and Zoho
  • Collaboration software, such as Google, Slack, and Zoom
Software: market data & analysis  - Cover

Market Insights report

Software: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

    Most recent update: Jul 2024

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Key Players

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Enterprise Performance Management Software market in Finland has been steadily growing in recent years.

    Customer preferences:
    Finland's business sector has been increasingly digitized, with more companies turning to cloud-based solutions for their performance management needs. This shift has been driven by a desire for greater efficiency and flexibility, as well as the need to comply with regulations such as GDPR.

    Trends in the market:
    One trend that has emerged in the Finnish market is the adoption of integrated performance management solutions. Companies are looking for software that can handle multiple functions, such as financial planning, budgeting, and forecasting, in a single platform. This allows for greater collaboration and streamlines processes.Another trend is the increasing use of data analytics in performance management. Companies are looking for software that can not only collect data, but also analyze it and provide actionable insights. This allows for more informed decision-making and better performance outcomes.

    Local special circumstances:
    Finland's small business sector has been a driving force behind the growth of the Enterprise Performance Management Software market. Small and medium-sized enterprises (SMEs) are increasingly turning to these solutions to improve their performance and competitiveness. This has created opportunities for software providers that cater to the needs of this segment.

    Underlying macroeconomic factors:
    Finland's strong economy and stable political environment have created a favorable business climate for Enterprise Performance Management Software providers. The country's highly educated workforce and advanced technological infrastructure have also contributed to the growth of the market. Additionally, the government's support for digitalization initiatives has encouraged companies to adopt cloud-based solutions.

    Global Comparison

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Sep 2024

    Sources: Statista Market Insights, Financial Statements of Key Players, National statistical offices

    Methodology

    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.

    Technology

    Access more Market Insights on Technology topics with our featured report

    Software: market data & analysis  - BackgroundSoftware: market data & analysis  - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Explore more high-quality data on related topic

    Software development - statistics & facts

    Imagine a world without the apps you use daily, the games you enjoy, or the websites you rely on. Software development is the invisible hand behind this digital magic, transforming ideas into the tools that shape our lives. Software development is the process of creating, designing, deploying, and supporting software. It includes all the computer activities between the software's conception and final manifestation.

    These activities are planned and put into stages in a logical order, a process known as the software development life cycle (SDLC) or software development. The SDLC often includes six stages: requirement analysis, design, development, testing, implementation, documentation, and evolution. Programming languages such as JavaScript and C++ are used to create software, with JavaScript being the most popular programming language in 2023 and used by roughly 65 percent of software developers.

    More data on the topic

    Contact

    Get in touch with us. We are happy to help.