Key regions: Netherlands, Germany, United States, Japan, Australia
The Enterprise Performance Management Software market in Singapore has been steadily growing in recent years, and it shows no signs of slowing down anytime soon.
Customer preferences: Singaporean businesses are increasingly turning to Enterprise Performance Management (EPM) software to help them manage their finances more effectively. This is due in part to the fact that EPM software offers a more streamlined and comprehensive approach to financial management, which is particularly important in a market that is becoming increasingly competitive.
Trends in the market: One of the key trends in the EPM software market in Singapore is the growing use of cloud-based solutions. Cloud-based EPM software offers a number of advantages over traditional on-premise solutions, including greater flexibility, scalability, and cost-effectiveness. As a result, more and more businesses in Singapore are turning to cloud-based EPM software to help them manage their finances more effectively.Another trend in the market is the growing importance of data analytics and business intelligence. As businesses in Singapore become more data-driven, they are increasingly looking for EPM software solutions that can help them make sense of the vast amounts of data they generate on a daily basis. This has led to a growing demand for EPM software solutions that offer advanced analytics and reporting capabilities.
Local special circumstances: One of the key factors driving the growth of the EPM software market in Singapore is the country's strong focus on innovation and technology. Singapore has long been a hub for technology startups and innovation, and the government has been actively promoting the development of a vibrant and thriving technology ecosystem in the country. This has created a highly supportive environment for EPM software vendors, who are able to tap into a pool of highly skilled and motivated tech professionals.
Underlying macroeconomic factors: Another key factor driving the growth of the EPM software market in Singapore is the country's strong economic performance. Singapore has one of the most open and business-friendly economies in the world, with a highly skilled workforce, low taxes, and a stable political environment. This has made it an attractive destination for businesses looking to expand their operations in the Asia-Pacific region, and has helped to fuel demand for EPM software solutions that can help businesses manage their finances more effectively.
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)
