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Enterprise Performance Management Software - Sri Lanka

Sri Lanka

In 2025, the projected revenue for the Enterprise Performance Management Software market in Sri Lanka is expected to reach US$1.97m.
Looking ahead, the market is anticipated to experience an annual growth rate of -3.90% from 2025 to 2029, resulting in a market volume of US$1.68m by 2029.
Additionally, the average Spend per Employee in the Enterprise Performance Management Software market is also projected to reach US$0.22 in 2025.
In a global comparison, it is worth noting that United States is expected to generate the highest revenue, with an estimated amount of US$2,978.00m in 2025.
Sri Lanka's growing demand for Enterprise Performance Management Software is driven by the need for enhanced financial planning and analysis capabilities.

Key regions: China, Germany, United States, United Kingdom, Canada

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Analyst Opinion

The Enterprise Performance Management Software market in Sri Lanka has been steadily growing in recent years.

Customer preferences: Sri Lankan businesses are increasingly recognizing the importance of Enterprise Performance Management (EPM) software in managing their operations more effectively. This trend is in line with global developments, as more and more companies seek to harness the power of data analytics and business intelligence tools to gain a competitive edge.

Trends in the market: One key trend in the Sri Lankan EPM software market is the increasing adoption of cloud-based solutions. This is driven by a number of factors, including the need for greater flexibility and scalability, as well as the desire to reduce IT infrastructure costs. Another trend is the growing demand for mobile-friendly EPM software, as more employees work remotely and require access to real-time data on their smartphones and tablets.

Local special circumstances: Sri Lanka's relatively small business community means that the EPM software market is dominated by a handful of major players. However, there is also a growing ecosystem of local startups and smaller vendors that are developing innovative solutions to meet the needs of smaller businesses. Additionally, the government's efforts to promote digitalization and innovation are helping to create a more favorable environment for EPM software vendors.

Underlying macroeconomic factors: Sri Lanka's economy has been growing steadily in recent years, with GDP growth averaging around 4% annually. This has helped to create a more favorable business environment, as companies have more resources to invest in technology and innovation. Additionally, Sri Lanka's strategic location and relatively low labor costs make it an attractive destination for foreign investors, which in turn is helping to drive demand for EPM software.

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.