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Enterprise Performance Management Software - Jordan

Jordan
  • The Enterprise Performance Management Software market in Jordan is expected to achieve a revenue of US$1.78m in 2025.
  • This projection indicates an annual growth rate (CAGR 2025-2029) of 5.59%, leading to a market volume of US$2.21m by 2029.
  • Additionally, the average Spend per Employee in the Enterprise Performance Management Software market is estimated to reach US$0.56 in 2025.
  • In terms of global comparison, United States is anticipated to generate the highest revenue, amounting to US$2.98bn in 2025.
  • As Jordan continues to modernize its business landscape, the demand for Enterprise Performance Management Software is steadily increasing among local companies.

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 Jordan has been experiencing steady growth over the past few years.

Customer preferences:
Jordanian businesses are increasingly turning to Enterprise Performance Management Software to help them plan, monitor, and analyze their financial and operational performance. This is due to the software's ability to provide real-time insights, automate processes, and improve decision-making. Additionally, many businesses in Jordan are looking for cloud-based solutions that can be accessed from anywhere, at any time.

Trends in the market:
One trend that has been observed in the Jordanian market is the increasing demand for integrated Enterprise Performance Management Software solutions that can handle multiple functions, such as budgeting, forecasting, and reporting. This trend is driven by businesses' desire to streamline their operations and reduce costs. Another trend is the rising popularity of mobile-enabled software, which allows users to access data and reports on their smartphones and tablets.

Local special circumstances:
One factor that is unique to the Jordanian market is the country's relatively small size and population. This means that there are fewer large businesses operating in the country, and many companies are family-owned or operated. As a result, there is a greater emphasis on personal relationships and trust between businesses and their software providers.

Underlying macroeconomic factors:
Jordan's economy has been growing steadily over the past few years, and the government has been working to attract foreign investment and promote entrepreneurship. This has led to an increase in the number of startups and small businesses in the country, many of which are turning to Enterprise Performance Management Software to help them manage their finances and operations more effectively. Additionally, Jordan has a young and tech-savvy population, which is driving demand for innovative software 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

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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: Jan 2025

SOURCE: Statista Market Insights

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