Key regions: China, Germany, United States, United Kingdom, Canada
The Enterprise Performance Management Software market in G7 countries is experiencing steady growth due to the increasing demand for business performance management solutions.
Customer preferences: Customers in G7 countries prefer EPM solutions that offer advanced analytics, real-time data visualization, and forecasting capabilities. The need for cloud-based solutions is also on the rise as it provides flexibility, scalability, and cost-effectiveness. Additionally, customers are looking for solutions that integrate with other business applications to streamline processes and improve efficiency.
Trends in the market: The EPM software market in the G7 countries is witnessing a shift towards predictive analytics and artificial intelligence (AI). Predictive analytics helps companies to forecast business outcomes and make informed decisions, while AI-powered solutions enable automation of routine tasks and provide insights into complex data sets. Furthermore, there is a growing trend towards mobile-based EPM solutions as it allows employees to access real-time data and insights on-the-go.
Local special circumstances: In the United States, the EPM software market is dominated by large players such as Oracle, SAP, and IBM. However, there is also a growing trend towards niche players that offer specialized solutions for specific industries. In Japan, the market is driven by the need for cost-effective solutions that can handle large amounts of data. In the United Kingdom, Brexit has created uncertainty in the market, leading to a cautious approach towards technology investments.
Underlying macroeconomic factors: The G7 countries are experiencing economic growth, which is driving the demand for EPM solutions. The increasing adoption of cloud-based solutions is also contributing to the growth of the market as it reduces the overall cost of ownership. Additionally, the need for regulatory compliance and risk management is driving the adoption of EPM solutions in industries such as banking and finance. Overall, the EPM software market in G7 countries is expected to continue its growth trajectory in the coming years.
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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