Enterprise Performance Management Software - Slovenia

The Enterprise Performance Management Software market is expected to generate a revenue of US$1.77m in 2024 in Slovenia.
This market segment is projected to experience an annual growth rate of 3.72% from 2024 to 2029, resulting in a market volume of US$2.13m by 2029.
Furthermore, the average Spend per Employee in the Enterprise Performance Management Software market is estimated to reach US$1.64 in 2024.
It is worth noting that in a global comparison, United States is anticipated to generate the highest revenue of US$2.87bn in 2024.
In Slovenia, there is a growing demand for Enterprise Performance Management Software, as businesses strive to optimize their financial planning and analysis processes.

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 Slovenia has been experiencing steady growth in recent years.

Customer preferences: Slovenian companies are increasingly adopting Enterprise Performance Management (EPM) software to streamline their financial planning and budgeting processes. This is driven by a growing need for data-driven decision-making and the desire to improve the accuracy and efficiency of financial reporting. Additionally, the rise of cloud-based EPM solutions has made the technology more accessible and affordable for small and medium-sized businesses.

Trends in the market: One of the key trends in the Slovenian EPM market is the adoption of cloud-based solutions. This is due to the many benefits of cloud technology, such as lower costs, greater scalability, and increased flexibility. Another trend is the integration of EPM software with other business applications, such as customer relationship management (CRM) and enterprise resource planning (ERP) systems. This allows companies to have a more holistic view of their operations and make more informed strategic decisions.

Local special circumstances: Slovenia is a small market with a relatively low level of competition in the EPM software space. This has allowed local vendors to gain a foothold in the market and compete with larger international players. Additionally, the country has a strong tradition of engineering and technology, which has helped to drive innovation in the EPM software space.

Underlying macroeconomic factors: The Slovenian economy has been growing steadily in recent years, with a focus on exports and foreign investment. This has created a favorable business environment for companies operating in the EPM software space. Additionally, the country has a highly educated workforce and a favorable tax regime, which has helped to attract foreign investment and support the growth of the technology sector.

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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