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Enterprise Performance Management Software - Ukraine

Ukraine

The Enterprise Performance Management Software market in Ukraine is expected to generate a revenue of US$8.45m by 2024.
The market is projected to grow at an annual growth rate of 4.87%, reaching a market volume of US$10.72m by 2029.
In Ukraine, the average Spend per Employee in the Enterprise Performance Management Software market is estimated to be US$0.43 in 2024.
When compared globally, United States is expected to generate the highest revenue, with an estimated amount of US$2,867.00m in 2024.
In Ukraine, there is a growing demand for Enterprise Performance Management Software due to the country's increasing focus on improving corporate governance and financial transparency.

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

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Analyst Opinion

The Enterprise Performance Management Software market in Ukraine has been experiencing steady growth in recent years.

Customer preferences: Ukrainian companies, like their global counterparts, are increasingly turning to Enterprise Performance Management (EPM) software to streamline their financial processes and improve their decision-making capabilities. This is particularly true for large and mid-sized businesses that require sophisticated financial planning and analysis tools. Additionally, Ukrainian companies are also looking for cloud-based EPM solutions that offer flexibility and scalability.

Trends in the market: One of the major trends in the Ukrainian EPM market is the adoption of cloud-based solutions. Many Ukrainian companies are now opting for cloud-based EPM software due to its flexibility, scalability, and cost-effectiveness. Another trend is the integration of Artificial Intelligence (AI) and Machine Learning (ML) capabilities into EPM software. This integration allows for more accurate financial forecasting and analysis, which can help companies make better-informed decisions.

Local special circumstances: Ukraine has a large number of small and medium-sized enterprises (SMEs) that have traditionally been slow to adopt EPM software due to the high cost of implementation and maintenance. However, the increasing availability of cloud-based EPM solutions has made it more affordable for SMEs to adopt these tools. Additionally, the ongoing political instability in Ukraine has made it difficult for companies to plan and forecast accurately, which has led to increased demand for EPM software that can provide real-time financial insights.

Underlying macroeconomic factors: The Ukrainian economy has been growing steadily in recent years, with GDP growth averaging around 3% per year. This growth has been driven by a combination of factors, including a growing IT sector, increased exports, and a stable currency. The ongoing political instability in Ukraine has also created a favorable environment for EPM software, as companies seek to mitigate risk and improve their financial planning and analysis capabilities.

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.