Key regions: China, Germany, United States, United Kingdom, Canada
The Enterprise Performance Management Software market in Sudan is showing signs of steady growth in recent years.
Customer preferences: Sudanese companies are increasingly recognizing the importance of Enterprise Performance Management Software in streamlining their business operations. The software enables organizations to track their performance in real-time, allowing them to make data-driven decisions that can improve their operational efficiency and overall profitability.
Trends in the market: One of the key trends in the Enterprise Performance Management Software market in Sudan is the growing demand for cloud-based solutions. Many companies in Sudan are still in the early stages of digital transformation, and cloud-based solutions are seen as a cost-effective way to access the latest technology without incurring significant upfront costs. Another trend is the increasing adoption of mobile-based solutions, which enable managers to access real-time data and insights from anywhere, at any time.
Local special circumstances: Sudan is a country with a largely agricultural economy, but it is also home to a growing number of small and medium-sized enterprises (SMEs) in the manufacturing and service sectors. These SMEs are increasingly looking to adopt Enterprise Performance Management Software as a way to improve their operational efficiency and competitiveness.
Underlying macroeconomic factors: Sudan is currently undergoing a period of economic transition, following the ousting of former President Omar al-Bashir in 2019. The country is facing significant challenges, including high inflation, a shortage of foreign currency, and a large external debt burden. However, there are also signs of optimism, with the new transitional government implementing economic reforms aimed at stabilizing the economy and attracting foreign investment. As Sudan's economy continues to evolve, the demand for Enterprise Performance Management Software is likely to grow, as companies seek to improve their operational efficiency and remain competitive in an increasingly challenging business environment.
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.
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