Key regions: China, Germany, United States, United Kingdom, Canada
The Enterprise Performance Management Software market in Northern Europe has been experiencing notable growth in recent years, with a steady increase in demand for EPM solutions across the region.
Customer preferences: This growth can be attributed to a number of factors, including an increasing focus on data-driven decision-making and the need for businesses to improve their financial performance. Customers in Northern Europe are increasingly seeking out EPM solutions that can help them streamline their financial processes, improve their forecasting capabilities, and gain greater visibility into their financial performance.
Trends in the market: One key trend in the Northern European EPM market is the growing adoption of cloud-based solutions. Cloud-based EPM solutions offer a number of advantages over traditional on-premise solutions, including greater flexibility, scalability, and cost-effectiveness. As a result, an increasing number of businesses in the region are turning to cloud-based EPM solutions to meet their financial management needs.Another trend in the market is the increasing focus on analytics and business intelligence. As businesses in Northern Europe seek to gain greater insights into their financial performance, they are increasingly turning to EPM solutions that offer advanced analytics and reporting capabilities. This trend is being driven in part by the growing availability of data and the need for businesses to make sense of this data in order to make informed decisions.
Local special circumstances: In addition to these global trends, there are also a number of local factors that are driving the growth of the EPM market in Northern Europe. For example, many businesses in the region are subject to strict financial reporting requirements, which has led to a greater demand for EPM solutions that can help them stay compliant with these regulations. Additionally, the region's highly competitive business environment has led many businesses to seek out EPM solutions that can help them improve their financial performance and gain a competitive edge.
Underlying macroeconomic factors: Finally, there are a number of macroeconomic factors that are contributing to the growth of the EPM market in Northern Europe. These include the region's strong economic growth, which has led to increased investment in technology and innovation, as well as the growing importance of digital transformation across all industries. Additionally, the region's highly skilled workforce and advanced IT infrastructure have made it an attractive location for technology companies looking to expand their operations in Europe.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
