Market Insights Technology Software Enterprise Software

Enterprise Performance Management Software - Sweden

Sweden

Revenue in the Enterprise Performance Management Software market is projected to reach US$44.79m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 4.25%, resulting in a market volume of US$52.91m by 2028.
The average Spend per Employee in the Enterprise Performance Management Software market is projected to reach US$8.16 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 Sweden has been experiencing steady growth in recent years.

Customer preferences: Swedish companies have been prioritizing the integration of various business processes, such as financial planning, budgeting, and forecasting, into a single platform. This has resulted in a growing demand for Enterprise Performance Management Software that can help companies streamline their operations and improve their overall efficiency.

Trends in the market: One of the major trends in the Enterprise Performance Management Software market in Sweden is the adoption of cloud-based solutions. Many companies are now moving away from on-premise software towards cloud-based solutions due to the flexibility and scalability they offer. Additionally, there has been a growing trend towards the use of artificial intelligence and machine learning in Enterprise Performance Management Software. These technologies can help companies improve their decision-making processes by providing more accurate and real-time insights.

Local special circumstances: Sweden has a highly developed economy, with a strong focus on innovation and technology. This has created a favorable environment for the growth of the Enterprise Performance Management Software market. Additionally, the country has a highly educated workforce, which has helped to drive the adoption of new technologies and software solutions.

Underlying macroeconomic factors: The Swedish economy has been performing well in recent years, with strong growth and low unemployment. This has created a favorable environment for businesses, which has helped to drive the growth of the Enterprise Performance Management Software market. Additionally, the Swedish government has been investing heavily in technology and innovation, which has helped to create a supportive environment for the growth of the software industry.

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.