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Enterprise Performance Management Software - United Arab Emirates

United Arab Emirates

Revenue in the Enterprise Performance Management Software market is projected to reach US$14.84m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 4.42%, resulting in a market volume of US$17.64m by 2028.
The average Spend per Employee in the Enterprise Performance Management Software market is projected to reach US$2.12 in 2024.
In global comparison, most revenue will be generated in the United States (US$2,708.00m in 2024).

Key regions: Netherlands, Germany, United States, Japan, Australia

Market

Region

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Currency

Analyst Opinion

The Enterprise Performance Management Software market in United Arab Emirates has been experiencing steady growth in recent years.

Customer preferences: Customers in the United Arab Emirates have shown a preference for cloud-based Enterprise Performance Management Software solutions. This is due to the ease of implementation and lower costs associated with cloud-based solutions. Additionally, customers in the region have shown a preference for solutions that integrate with other enterprise software, such as customer relationship management (CRM) and enterprise resource planning (ERP) systems.

Trends in the market: One trend in the Enterprise Performance Management Software market in the United Arab Emirates is an increased focus on data visualization and analytics. Customers are looking for solutions that not only collect data but also provide insights and analysis to help them make informed business decisions. Another trend is the adoption of mobile solutions, allowing users to access data and insights on-the-go.

Local special circumstances: The United Arab Emirates has a rapidly growing economy, with a strong focus on technology and innovation. This has led to an increase in demand for Enterprise Performance Management Software solutions as businesses seek to improve their operational efficiency and gain a competitive edge. Additionally, the region has a large expatriate community, which has led to a demand for solutions that can support multiple languages and currencies.

Underlying macroeconomic factors: The United Arab Emirates has a strong and stable economy, with a high level of government investment in infrastructure projects and technology initiatives. This has led to a favorable business environment for Enterprise Performance Management Software vendors. Additionally, the region has a high level of internet and mobile penetration, making it an attractive market for cloud-based solutions.

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.