Key regions: China, Germany, United States, United Kingdom, Canada
The Enterprise Performance Management Software market in GCC has been steadily growing in recent years, driven by the increasing adoption of cloud-based solutions and the need for better financial planning and analysis tools.
Customer preferences: Customers in the GCC region are increasingly looking for cloud-based Enterprise Performance Management (EPM) solutions that can help them streamline their financial planning and analysis processes. They are also looking for solutions that are easy to use and can provide real-time insights into their business performance.
Trends in the market: One of the key trends in the EPM market in GCC is the increasing adoption of cloud-based solutions. Cloud-based EPM solutions offer several benefits over traditional on-premise solutions, including lower costs, greater scalability, and improved collaboration. As a result, many companies in the GCC region are now moving towards cloud-based EPM solutions to streamline their financial planning and analysis processes.Another key trend in the EPM market in GCC is the growing demand for real-time analytics and reporting. Companies are increasingly looking for EPM solutions that can provide real-time insights into their business performance, allowing them to make faster and more informed decisions.
Local special circumstances: The GCC region has a unique business environment, with a large number of small and medium-sized enterprises (SMEs) and a growing number of startups. These companies often have limited resources and require EPM solutions that are easy to use, affordable, and scalable.
Underlying macroeconomic factors: The GCC region has a strong and growing economy, driven by the oil and gas industry, as well as other sectors such as construction, tourism, and finance. This has led to a growing demand for EPM solutions that can help companies manage their finances more effectively and make better business decisions.Overall, the EPM market in GCC is expected to continue growing in the coming years, driven by the increasing adoption of cloud-based solutions and the growing demand for real-time analytics and reporting. Companies that are able to provide easy-to-use, affordable, and scalable EPM solutions are likely to be well-positioned to capitalize on this growing market.
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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