Market Insights Technology Software Enterprise Software

Enterprise Performance Management Software - Australia

Australia

The Enterprise Performance Management Software market in Australia is projected to reach a revenue of €81.09m in 2024.
This forecast anticipates an annual growth rate (CAGR 2024-2029) of 4.16%, leading to a market volume of €99.43m by 2029.
As for the average Spend per Employee in this market segment, it is expected to reach €5.55 in 2024.
In terms of global comparison, United States is expected to generate the highest revenue in the Enterprise Performance Management Software market, reaching €2,631.00m in 2024.
Australia's adoption of Enterprise Performance Management Software is steadily increasing, as businesses prioritize data-driven decision-making in the competitive market.

Key regions: China, Germany, United States, United Kingdom, Canada

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Enterprise Performance Management Software market in Australia has been experiencing steady growth in recent years.

Customer preferences: Australian businesses have been increasingly adopting cloud-based EPM solutions due to their scalability, flexibility, and cost-effectiveness. This has led to a shift away from on-premise solutions. Additionally, businesses are looking for EPM solutions that offer integrated financial planning and analysis, as well as predictive analytics capabilities.

Trends in the market: One of the key trends in the Australian EPM market is the rise of integrated EPM suites that offer a range of functionalities, such as financial planning and analysis, budgeting, and forecasting. Another trend is the increasing use of artificial intelligence and machine learning in EPM solutions to improve the accuracy of financial forecasts and provide more meaningful insights.

Local special circumstances: The Australian EPM market is unique due to the country's complex tax and regulatory environment. This has led to a demand for EPM solutions that can handle complex financial reporting requirements and provide granular visibility into financial data. Additionally, the Australian market has a strong focus on sustainability and environmental, social, and governance (ESG) reporting, which has led to a growing demand for EPM solutions that can help businesses track and report on their sustainability performance.

Underlying macroeconomic factors: The growth of the EPM market in Australia is being driven by a number of macroeconomic factors. Firstly, the country's strong economic performance and stable political environment have created a favorable business environment, which has encouraged investment in EPM solutions. Secondly, the increasing adoption of cloud-based solutions is being driven by the country's highly developed telecommunications infrastructure. Finally, the growing focus on sustainability and ESG reporting is being driven by changing consumer preferences and increasing regulatory scrutiny.

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.