Market Insights Technology Software Enterprise Software

Enterprise Performance Management Software - Southern Asia

Southern Asia

Revenue in the Enterprise Performance Management Software market is projected to reach €87.50m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 11.26%, resulting in a market volume of €134.10m by 2028.
The average Spend per Employee in the Enterprise Performance Management Software market is projected to reach €0.12 in 2024.
In global comparison, most revenue will be generated in the United States (€2,511.00m in 2024).

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

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Enterprise Performance Management Software market in Southern Asia has been experiencing remarkable growth over the past few years.

Customer preferences: One of the key customer preferences in the Southern Asia region is the need for software solutions that can help automate and streamline financial planning, budgeting, and forecasting processes. Companies in the region are increasingly adopting cloud-based EPM solutions that offer real-time data analytics, collaboration tools, and scalability. Additionally, there is a growing demand for EPM software that integrates with other enterprise systems, such as ERP and CRM, to provide a holistic view of business operations.

Trends in the market: India is the largest market for EPM software in Southern Asia, driven by the country's rapidly growing economy and the increasing adoption of digital technologies. The market is also seeing significant growth in countries such as Indonesia, Malaysia, and Thailand, where companies are investing in advanced analytics and reporting tools to gain insights into business performance and improve decision-making. Another trend in the market is the rise of mobile EPM solutions, which allow users to access financial data and reports on-the-go.

Local special circumstances: One of the unique challenges facing the EPM software market in Southern Asia is the diversity of languages and cultures across the region. Vendors need to ensure that their solutions are localized to meet the specific needs of customers in each country. Additionally, there is a need for EPM software that can handle complex tax regulations and compliance requirements in the region.

Underlying macroeconomic factors: The growth of the EPM software market in Southern Asia is being driven by several macroeconomic factors. Firstly, the region's rapidly expanding middle class is driving demand for more sophisticated financial planning and reporting tools. Secondly, the increasing adoption of cloud computing and big data analytics is enabling companies to access and analyze large volumes of financial data in real-time. Finally, the growing trend towards digitalization and automation of business processes is creating a need for EPM software that can integrate with other enterprise systems and provide a single source of truth for financial data.

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.