Market Insights Technology Software Enterprise Software

Enterprise Performance Management Software - Czechia

Czechia

Revenue in the Enterprise Performance Management Software market is projected to reach US$13.93m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 4.84%, resulting in a market volume of US$16.83m by 2028.
The average Spend per Employee in the Enterprise Performance Management Software market is projected to reach US$2.59 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 Czechia has been steadily growing in recent years, driven by a number of factors unique to the region.

Customer preferences: Czech companies have shown a strong preference for cloud-based EPM solutions, as they offer greater flexibility and scalability compared to traditional on-premise software. Additionally, there is a growing demand for mobile and real-time reporting capabilities, as businesses seek to make faster and more informed decisions.

Trends in the market: One of the key trends in the Czech EPM market is the increasing adoption of predictive analytics and AI-driven forecasting tools. These technologies enable companies to better anticipate future trends and make more accurate predictions, helping them to stay ahead of the competition. Another trend is the growing importance of data security and privacy, as companies seek to protect sensitive financial information from cyber threats and data breaches.

Local special circumstances: The Czech EPM market is characterized by a high level of competition, with both local and international vendors vying for market share. Local vendors have the advantage of being able to offer customized solutions tailored to the specific needs of Czech businesses, while international vendors bring global expertise and best practices to the table. Additionally, the Czech market is relatively small compared to other European countries, which means that vendors need to be able to operate efficiently and cost-effectively in order to succeed.

Underlying macroeconomic factors: The Czech economy has been performing well in recent years, with strong GDP growth and low unemployment rates. This has created a favorable business environment for EPM vendors, as companies have more resources to invest in new technologies and solutions. Additionally, the Czech government has been actively promoting digital transformation initiatives, which has helped to drive demand for EPM software and other digital tools. Finally, the country's strategic location in the heart of Europe makes it an attractive destination for international businesses looking to expand their operations in the region.

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.