Key regions: Netherlands, Germany, United States, Japan, Australia
The Enterprise Performance Management Software market in Japan has been steadily growing over the past few years.
Customer preferences: Japanese companies are increasingly adopting Enterprise Performance Management (EPM) software to streamline their business operations. This software provides a comprehensive view of a company's financial and operational performance, allowing managers to make informed decisions. Japanese companies are particularly interested in cloud-based EPM solutions, which offer greater flexibility and scalability than traditional on-premise solutions.
Trends in the market: The EPM software market in Japan is experiencing a shift towards cloud-based solutions. This is due to the increasing popularity of Software as a Service (SaaS) models, which allow companies to access EPM software through the internet without having to invest in expensive hardware. Additionally, cloud-based EPM solutions provide greater flexibility and scalability, making them ideal for companies of all sizes. Another trend in the market is the integration of artificial intelligence (AI) and machine learning (ML) into EPM software. This allows companies to automate certain tasks and gain insights that would be difficult to obtain manually.
Local special circumstances: The Japanese business culture places a strong emphasis on efficiency and productivity. EPM software is seen as a way to achieve these goals, and as such, there is a high demand for these solutions in Japan. Additionally, the Japanese government has been actively promoting the adoption of digital technologies to drive economic growth, which has further fueled the growth of the EPM software market.
Underlying macroeconomic factors: Japan is the world's third-largest economy, with a highly developed and technologically advanced business sector. The country has a large number of small and medium-sized enterprises (SMEs) that are increasingly adopting EPM software to improve their operations. Additionally, Japan has a highly educated workforce with a strong background in technology, making it an ideal market for EPM software providers. Finally, the COVID-19 pandemic has accelerated the adoption of digital technologies in Japan, as companies look for ways to operate remotely and maintain business continuity.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
