Market Insights Technology Software Enterprise Software

Enterprise Performance Management Software - Hungary

Hungary

Revenue in the Enterprise Performance Management Software market is projected to reach US$6.91m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 5.44%, resulting in a market volume of US$8.54m by 2028.
The average Spend per Employee in the Enterprise Performance Management Software market is projected to reach US$1.50 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 Hungary has been experiencing steady growth in recent years.

Customer preferences: Hungarian businesses are increasingly adopting Enterprise Performance Management Software to streamline their operations and improve their overall performance. This software provides a comprehensive solution for managing financial, operational, and strategic performance, which is particularly attractive to businesses looking to simplify their management processes and improve decision-making.

Trends in the market: One trend in the Hungarian market is the increasing demand for cloud-based Enterprise Performance Management Software. This is driven by the growing popularity of cloud computing and the desire for businesses to reduce their IT costs. As a result, many software providers are now offering cloud-based solutions to meet this demand.Another trend is the integration of artificial intelligence and machine learning technologies into Enterprise Performance Management Software. These technologies enable businesses to analyze large amounts of data and make more informed decisions. As a result, businesses are increasingly looking for software providers that offer these advanced features.

Local special circumstances: One unique aspect of the Hungarian market is the prevalence of small and medium-sized enterprises (SMEs). These businesses often have limited resources and require cost-effective solutions that can help them manage their operations more efficiently. As a result, there is a growing demand for Enterprise Performance Management Software that is tailored to the needs of SMEs.

Underlying macroeconomic factors: The growth of the Enterprise Performance Management Software market in Hungary is also supported by favorable macroeconomic conditions. Hungary has a strong and stable economy, with low levels of unemployment and a growing middle class. This has created a favorable environment for businesses to invest in technology solutions that can help them improve their performance and gain a competitive edge. Additionally, Hungary is strategically located in Central Europe, which makes it an attractive destination for 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.