Enterprise Performance Management Software - Taiwan

The Enterprise Performance Management Software market in Taiwan is anticipated to witness a significant surge in revenue, with projections estimating it to reach US$32.63m in 2024.
Furthermore, this sector is expected to display a commendable compound annual growth rate (CAGR 2024-2029) of 5.19%, resulting in a market volume of US$42.02m by 2029.
In terms of the average Spend per Employee, the forecast indicates a value of US$1.26 in 2024.
When compared on a global scale, United States is expected to generate the highest revenue in this market segment, with an estimated value of US$2.87bn in 2024.
Taiwan is experiencing a growing demand for Enterprise Performance Management Software, as companies seek 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

Taiwan, an island country in East Asia, is known for its technological advancements and is one of the leading producers of semiconductors in the world. The Enterprise Performance Management Software market in Taiwan has been growing steadily over the past few years, driven by several factors.

Customer preferences: Taiwanese companies are increasingly adopting Enterprise Performance Management Software to improve their operational efficiency and decision-making capabilities. This software helps companies to streamline their financial planning, budgeting, forecasting, and reporting processes. Additionally, it enables them to align their business strategies with their financial goals and objectives.

Trends in the market: One of the major trends in the Enterprise Performance Management Software market in Taiwan is the adoption of cloud-based solutions. Many companies are shifting from traditional on-premise software to cloud-based solutions due to their scalability, flexibility, and cost-effectiveness. Another trend is the integration of Artificial Intelligence (AI) and Machine Learning (ML) technologies into Enterprise Performance Management Software to deliver more accurate and real-time insights.

Local special circumstances: Taiwan has a highly competitive business environment, and companies are constantly looking for ways to gain a competitive edge. As a result, there is a growing demand for Enterprise Performance Management Software that can provide them with a comprehensive view of their business operations and help them make informed decisions. Additionally, the government has been promoting digital transformation initiatives, which has further accelerated the adoption of Enterprise Performance Management Software.

Underlying macroeconomic factors: Taiwan has a strong economy, and its GDP has been growing steadily over the past few years. Additionally, the country has a highly skilled workforce and a supportive business environment, which has attracted many foreign companies to set up their operations in Taiwan. These factors have contributed to the growth of the Enterprise Performance Management Software market in Taiwan.In conclusion, the Enterprise Performance Management Software market in Taiwan is growing steadily, driven by the adoption of cloud-based solutions, integration of AI and ML technologies, and the government's digital transformation initiatives. Additionally, the highly competitive business environment and the strong macroeconomic factors have further accelerated the adoption of this software.

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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