Market Insights Technology Software Enterprise Software

Enterprise Performance Management Software - New Zealand

New Zealand

Revenue in the Enterprise Performance Management Software market is projected to reach US$17.10m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 4.85%, resulting in a market volume of US$20.67m by 2028.
The average Spend per Employee in the Enterprise Performance Management Software market is projected to reach US$6.12 in 2024.
In global comparison, most revenue will be generated in the United States (US$2,708.00m in 2024).

Key regions: Netherlands, Germany, United States, Japan, Australia

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Analyst Opinion

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

Customer preferences: New Zealand businesses have been increasingly adopting Enterprise Performance Management Software to streamline their financial planning and analysis processes. This software provides a range of benefits, including improved accuracy and efficiency, real-time reporting and analytics, and better collaboration between departments. Additionally, the software is flexible and can be customized to meet the specific needs of different businesses.

Trends in the market: One trend that has been observed in the New Zealand market is the shift towards cloud-based Enterprise Performance Management Software. This software allows businesses to access their financial data from any location, making it easier for teams to collaborate and work remotely. Another trend is the integration of artificial intelligence and machine learning into Enterprise Performance Management Software, which provides businesses with more accurate and actionable insights.

Local special circumstances: New Zealand's small and medium-sized businesses have been the primary drivers of growth in the Enterprise Performance Management Software market. These businesses have been quick to adopt new technologies that can help them compete with larger businesses. Additionally, the New Zealand government has been investing in initiatives to support small and medium-sized businesses, which has helped to drive the adoption of Enterprise Performance Management Software.

Underlying macroeconomic factors: New Zealand's strong economy has also contributed to the growth of the Enterprise Performance Management Software market. The country has a stable political environment, a skilled workforce, and a high standard of living. Additionally, the government has been investing in infrastructure and technology, which has helped to create a favorable business environment. As a result, more businesses are investing in Enterprise Performance Management Software to improve their financial planning and analysis processes and gain a competitive advantage.

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.