Enterprise Performance Management Software - Morocco

In 2024, the projected revenue for the Enterprise Performance Management Software market is expected to reach US$2.65m.
This market segment is projected to experience an annual growth rate of 5.71% from 2024 to 2029, resulting in a market volume of US$3.50m by 2029.
in Morocco, being a significant player in the global market, will contribute to this growth.
Additionally, the average Spend per Employee in the Enterprise Performance Management Software market is projected to reach US$0.21 in 2024.
This metric indicates the amount of money spent per employee within this market segment.
It is worth noting that United States is expected to generate the most revenue in the Enterprise Performance Management Software market, with a projected revenue of US$2.87bn in 2024.
This signifies the dominance of the United States in this market segment on a global scale.
Morocco's growing economy and increasing focus on cost optimization drives the demand for Enterprise Performance Management Software in the country.

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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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

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

The Enterprise Performance Management Software market in Morocco has been experiencing steady growth in recent years.

Customer preferences: Moroccan businesses are increasingly recognizing the importance of Enterprise Performance Management Software in streamlining their operations and improving their overall performance. This has led to a growing demand for such software, which offers a range of features including financial planning, budgeting, and forecasting, as well as performance monitoring and reporting.

Trends in the market: One of the key trends in the Enterprise Performance Management Software market in Morocco is the increasing adoption of cloud-based solutions. This is due to the numerous benefits offered by cloud-based software, including greater flexibility, scalability, and cost-effectiveness. Another trend is the growing focus on data analytics and business intelligence, with many companies looking to leverage these tools to gain deeper insights into their operations and make more informed decisions.

Local special circumstances: Morocco's strategic location at the crossroads of Europe, Africa, and the Middle East has made it an attractive destination for foreign investment and business expansion. This has led to a growing number of multinational corporations operating in the country, many of which are looking to implement Enterprise Performance Management Software to improve their operations. Additionally, the Moroccan government has been actively promoting the development of the country's digital economy, which has further fueled demand for such software.

Underlying macroeconomic factors: Morocco's economy has been growing steadily in recent years, driven by strong performance in sectors such as tourism, agriculture, and manufacturing. This has led to a growing middle class and increased consumer spending power, which has in turn fueled demand for a range of goods and services, including Enterprise Performance Management Software. Additionally, the country's strategic location and strong trade ties with Europe, Africa, and the Middle East have made it an attractive destination for foreign investment, which has further boosted the country's economic growth and fueled demand for such software.

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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

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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.