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Enterprise Performance Management Software - Montenegro

Montenegro
  • In 2025, the projected revenue in the Enterprise Performance Management Software market is expected to reach US$704.95k.
  • The market is expected to show an annual growth rate (CAGR 2025-2029) of 5.16%, resulting in a market volume of US$862.04k by 2029.
  • Looking specifically at in Montenegro, the average Spend per Employee in the Enterprise Performance Management Software market is projected to reach US$2.39 in 2025.
  • When comparing globally, United States is anticipated to generate the highest revenue, with an estimated amount of US$2.98bn in 2025.
  • Montenegro's growing economy is driving increased demand for Enterprise Performance Management Software to help businesses optimize their performance and make data-driven decisions.

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.

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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
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    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

    Montenegro, a small country in Southeast Europe, has been witnessing a steady growth in its Enterprise Performance Management Software market.

    Customer preferences:     Montenegro's businesses are increasingly adopting Enterprise Performance Management Software to improve their financial planning, budgeting, and forecasting processes. The software's ability to provide real-time data analytics and insights has become a crucial factor in the decision-making process of many companies. Additionally, the rise of remote work due to the COVID-19 pandemic has led to a surge in demand for cloud-based Enterprise Performance Management Software.

    Trends in the market:     One of the major trends in the Enterprise Performance Management Software market in Montenegro is the adoption of cloud-based solutions. The software's ability to provide real-time data analytics and insights has become a crucial factor in the decision-making process of many companies. Additionally, the rise of remote work due to the COVID-19 pandemic has led to a surge in demand for cloud-based Enterprise Performance Management Software.Another trend is the increasing demand for mobile-friendly Enterprise Performance Management Software. With the rise of mobile devices, businesses are looking for software that can be accessed from anywhere and on any device. This trend is expected to continue in the coming years as more businesses embrace mobile technology.

    Local special circumstances:     Montenegro's small business sector is dominated by micro-enterprises, which make up over 90% of all businesses in the country. These businesses often have limited resources and require affordable Enterprise Performance Management Software solutions that can help them manage their finances effectively. This has led to an increase in demand for cost-effective software that can provide real-time data analytics and insights.

    Underlying macroeconomic factors:     Montenegro's economy has been growing steadily in recent years, with a focus on tourism and foreign investment. The country's accession to NATO in 2017 and ongoing negotiations for EU membership have also contributed to its economic growth. This growth has led to an increase in demand for Enterprise Performance Management Software as businesses look for ways to manage their finances more effectively and make data-driven decisions.In conclusion, Montenegro's Enterprise Performance Management Software market is witnessing a steady growth due to the increasing demand for cloud-based and mobile-friendly solutions. The country's small business sector is a key driver of this growth, with businesses looking for cost-effective software solutions to manage their finances effectively. The country's growing economy and focus on foreign investment are also contributing to the growth of the Enterprise Performance Management Software market.

    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.

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    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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