Enterprise Performance Management Software - Sweden

The Enterprise Performance Management Software market in Sweden is estimated to achieve a revenue of US$40.85m in the year 2024.
It is expected to display a compound annual growth rate (CAGR 2024-2029) of 3.66%, resulting in a market volume of US$48.89m by 2029.
Moreover, the projected average Spend per Employee in the Enterprise Performance Management Software market is expected to be US$7.12 in the year 2024.
In comparison to other countries, United States is predicted to generate the highest revenue of US$2.87bn in the year 2024.
Sweden is experiencing a growing demand for Enterprise Performance Management Software, driven by the country's strong focus on data-driven decision making and efficient business 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.

For more information on the displayed data, use the info button right next to the boxes.

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 Sweden has been experiencing steady growth in recent years.

Customer preferences: Swedish companies have been prioritizing the integration of various business processes, such as financial planning, budgeting, and forecasting, into a single platform. This has resulted in a growing demand for Enterprise Performance Management Software that can help companies streamline their operations and improve their overall efficiency.

Trends in the market: One of the major trends in the Enterprise Performance Management Software market in Sweden is the adoption of cloud-based solutions. Many companies are now moving away from on-premise software towards cloud-based solutions due to the flexibility and scalability they offer. Additionally, there has been a growing trend towards the use of artificial intelligence and machine learning in Enterprise Performance Management Software. These technologies can help companies improve their decision-making processes by providing more accurate and real-time insights.

Local special circumstances: Sweden has a highly developed economy, with a strong focus on innovation and technology. This has created a favorable environment for the growth of the Enterprise Performance Management Software market. Additionally, the country has a highly educated workforce, which has helped to drive the adoption of new technologies and software solutions.

Underlying macroeconomic factors: The Swedish economy has been performing well in recent years, with strong growth and low unemployment. This has created a favorable environment for businesses, which has helped to drive the growth of the Enterprise Performance Management Software market. Additionally, the Swedish government has been investing heavily in technology and innovation, which has helped to create a supportive environment for the growth of the software industry.

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.

Imagine a world without the apps you use daily, the games you enjoy, or the websites you rely on. Software development is the invisible hand behind this digital magic, transforming ideas into the tools that shape our lives. Software development is the process of creating, designing, deploying, and supporting software. It includes all the computer activities between the software's conception and final manifestation.

These activities are planned and put into stages in a logical order, a process known as the software development life cycle (SDLC) or software development. The SDLC often includes six stages: requirement analysis, design, development, testing, implementation, documentation, and evolution. Programming languages such as JavaScript and C++ are used to create software, with JavaScript being the most popular programming language in 2023 and used by roughly 65 percent of software developers.