Key regions: China, Germany, United States, United Kingdom, Canada
The Enterprise Performance Management Software market has been growing steadily in recent years due to the increasing demand for data-driven decision-making and the need for better financial planning and analysis.
Customer preferences: Customers are increasingly looking for cloud-based EPM solutions that offer real-time data analysis and reporting capabilities. They also prefer solutions that can integrate with other systems such as ERP and CRM to provide a holistic view of their business performance. Furthermore, customers are looking for solutions that are easy to use and provide intuitive interfaces that can be customized to their specific needs.
Trends in the market: In North America, the EPM software market is being driven by the increasing adoption of cloud-based solutions and the growing demand for predictive analytics and business intelligence. In Europe, the market is being driven by the need for better financial planning and analysis, as well as the increasing focus on regulatory compliance. In Asia-Pacific, the market is being driven by the growing adoption of EPM solutions in emerging economies such as China and India, as well as the increasing demand for cloud-based solutions.
Local special circumstances: In China, the EPM software market is being driven by the government's focus on increasing transparency and accountability in the corporate sector. In India, the market is being driven by the increasing adoption of EPM solutions in the manufacturing and healthcare sectors. In Brazil, the market is being driven by the need for better financial planning and analysis in the retail and consumer goods industries.
Underlying macroeconomic factors: The global economic slowdown and the increasing competition in the market are driving companies to adopt EPM solutions to improve their financial planning and analysis capabilities. The increasing adoption of cloud-based solutions is also being driven by the need for cost-effective and scalable solutions. Additionally, the increasing focus on regulatory compliance is driving companies to adopt EPM solutions that can help them meet regulatory requirements.
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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