Market Insights Technology Software Enterprise Software

Enterprise Performance Management Software - Croatia

Croatia

Revenue in the Enterprise Performance Management Software market is projected to reach US$2.38m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 4.61%, resulting in a market volume of US$2.85m by 2028.
The average Spend per Employee in the Enterprise Performance Management Software market is projected to reach US$1.38 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 Croatia has been steadily growing in recent years.

Customer preferences: Croatian businesses have shown a growing interest in Enterprise Performance Management (EPM) software to help them manage their financial performance. This is due to the need for more efficient and streamlined financial processes, as well as the desire for more accurate and timely reporting.

Trends in the market: One trend that has emerged in the Croatian market is the increasing adoption of cloud-based EPM solutions. This is due to the many benefits that cloud-based solutions offer, such as lower costs, greater flexibility, and easier scalability. Additionally, there has been a growing focus on data analytics and business intelligence, with businesses looking to gain more insights into their financial performance and make more data-driven decisions.

Local special circumstances: One factor that has contributed to the growth of the EPM market in Croatia is the country's membership in the European Union. This has led to increased investment and economic growth, which has in turn created more opportunities for businesses to expand and grow. Additionally, the country's location at the crossroads of Central and Southeast Europe has made it an attractive destination for foreign investors, further fueling economic growth and driving demand for EPM software.

Underlying macroeconomic factors: The Croatian economy has been growing steadily in recent years, with GDP increasing and unemployment decreasing. This has created a more stable and favorable business environment, which has encouraged businesses to invest in new technologies and solutions to improve their operations and financial performance. Additionally, the country's strategic location and membership in the EU have helped to attract foreign investment, further boosting economic growth and driving demand for EPM software.

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.