Market Insights Technology Software Enterprise Software

Enterprise Performance Management Software - Americas

Americas

Revenue in the Enterprise Performance Management Software market is projected to reach US$3.05bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 3.65%, resulting in a market volume of US$3.52bn by 2028.
The average Spend per Employee in the Enterprise Performance Management Software market is projected to reach US$6.02 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

Region comparison

Currency

Analyst Opinion

The Enterprise Performance Management Software market in Americas has experienced significant growth in recent years.

Customer preferences: Organizations in the Americas are increasingly adopting Enterprise Performance Management (EPM) software to improve their financial planning and analysis. EPM software enables organizations to streamline their financial processes, including budgeting, forecasting, and reporting, while also providing real-time insights into their financial performance. This helps organizations make better decisions and improve their overall financial performance.

Trends in the market: The United States is the largest market for EPM software in the Americas, driven by the high adoption rate of cloud-based EPM solutions. Cloud-based EPM solutions offer several benefits over traditional on-premise solutions, including cost savings, scalability, and accessibility. As a result, more organizations in the United States are transitioning to cloud-based EPM solutions.In Canada, the EPM software market is also growing, driven by the increasing adoption of automation and analytics. EPM software enables organizations to automate their financial processes, reducing the risk of errors and improving efficiency. Additionally, EPM software provides advanced analytics capabilities, allowing organizations to gain deeper insights into their financial performance.In Latin America, the EPM software market is growing rapidly, driven by the increasing demand for digital transformation. Many organizations in Latin America are still using manual processes for financial planning and analysis, which can be time-consuming and error-prone. EPM software enables organizations to automate these processes, improving efficiency and accuracy.

Local special circumstances: In Brazil, the EPM software market is growing rapidly, driven by the government's efforts to modernize the country's financial system. The government has implemented several initiatives to promote the adoption of EPM software, including tax incentives and subsidies for small and medium-sized businesses.In Mexico, the EPM software market is also growing, driven by the increasing demand for real-time financial insights. EPM software enables organizations to access real-time financial data, allowing them to make better decisions and improve their overall financial performance.

Underlying macroeconomic factors: The growth of the EPM software market in the Americas can be attributed to several underlying macroeconomic factors. These include the increasing adoption of cloud-based solutions, the demand for automation and analytics, and the need for digital transformation. Additionally, the government initiatives in Brazil and other countries in the region have helped to promote the adoption of EPM software among small and medium-sized businesses.

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.