Product Code: ETC4404559 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The Romania Enterprise Performance Management (EPM) market is witnessing steady growth driven by the increasing adoption of cloud-based EPM solutions, digital transformation initiatives, and the need for data-driven decision-making processes among organizations. Key players in the market are offering integrated EPM suites that encompass financial planning, budgeting, forecasting, and analytics capabilities to help businesses streamline their operations and improve overall performance. The market is characterized by a mix of global EPM vendors and local players catering to the diverse needs of businesses across various industries such as finance, healthcare, manufacturing, and retail. With a focus on enhancing operational efficiency and strategic planning, the Romania EPM market is poised for further expansion as organizations seek advanced tools to drive performance and competitiveness in the dynamic business landscape.
The Romania Enterprise Performance Management (EPM) market is witnessing a growing demand for cloud-based solutions, as organizations seek more flexible and scalable options. There is also a rising emphasis on incorporating advanced analytics and artificial intelligence capabilities within EPM tools to drive better insights and decision-making. Additionally, there is a notable trend towards integrated EPM suites that offer a comprehensive solution for financial planning, budgeting, forecasting, and reporting. With the increasing focus on digital transformation and data-driven decision-making, there are significant opportunities for EPM vendors to provide innovative solutions that cater to the evolving needs of Romanian businesses across various industries. Collaboration with local partners and a strong focus on customer support and training will be crucial for vendors looking to capitalize on the growing EPM market in Romania.
The Romania Enterprise Performance Management (EPM) market faces several challenges, including limited awareness and understanding of EPM solutions among businesses, especially small and medium enterprises (SMEs). Many organizations in Romania still rely on manual processes or outdated systems for financial planning, budgeting, and forecasting, which hinders their ability to make informed decisions quickly. Additionally, the lack of skilled professionals with expertise in EPM tools and technologies poses a challenge for companies looking to adopt advanced EPM solutions. Integrating EPM with existing systems and ensuring data accuracy and consistency are also significant challenges faced by organizations in Romania. Overcoming these obstacles will require increased education and training programs, as well as investments in technology infrastructure to support the adoption of EPM solutions in the Romanian market.
The enterprise performance management market in Romania is being driven by several key factors. Firstly, the growing adoption of cloud-based EPM solutions is enabling organizations to access advanced features and capabilities while reducing infrastructure and maintenance costs. Secondly, the increasing focus on data-driven decision-making and performance optimization is prompting companies to invest in EPM tools that offer real-time analytics and forecasting capabilities. Additionally, regulatory requirements and the need for greater financial transparency are pushing organizations to implement EPM solutions to ensure compliance and enhance reporting accuracy. Moreover, the rising demand for integrated planning, budgeting, and forecasting tools to drive efficiency and streamline processes is contributing to the growth of the EPM market in Romania.
In Romania, the government has implemented various policies to support the Enterprise Performance Management (EPM) market. This includes initiatives to enhance transparency, accountability, and efficiency in business operations through the use of EPM solutions. The government has also promoted digitalization and innovation in the sector by providing incentives for companies to adopt advanced EPM technologies. Additionally, there are regulations in place to ensure data privacy and security, which is crucial for businesses utilizing EPM systems. Overall, the Romanian government`s policies aim to create a conducive environment for the growth of the EPM market by fostering a culture of performance management and strategic decision-making among enterprises.
The Romania Enterprise Performance Management (EPM) market is poised for steady growth in the coming years, driven by increasing adoption of advanced analytics, cloud-based solutions, and digital transformation initiatives among businesses in the region. The demand for EPM tools that enable strategic planning, budgeting, forecasting, and performance monitoring is expected to rise as organizations seek to enhance decision-making processes and drive operational efficiency. Additionally, the growing focus on data-driven insights and regulatory compliance requirements will further fuel the market`s expansion. Vendors in the Romania EPM market are likely to innovate and offer tailored solutions to cater to the diverse needs of businesses across various industries, contributing to a positive outlook for the market`s growth and development.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Romania Enterprise Performance Management Market Overview |
3.1 Romania Country Macro Economic Indicators |
3.2 Romania Enterprise Performance Management Market Revenues & Volume, 2021 & 2031F |
3.3 Romania Enterprise Performance Management Market - Industry Life Cycle |
3.4 Romania Enterprise Performance Management Market - Porter's Five Forces |
3.5 Romania Enterprise Performance Management Market Revenues & Volume Share, By Application , 2021 & 2031F |
3.6 Romania Enterprise Performance Management Market Revenues & Volume Share, By Business Function, 2021 & 2031F |
3.7 Romania Enterprise Performance Management Market Revenues & Volume Share, By Deployment Type, 2021 & 2031F |
3.8 Romania Enterprise Performance Management Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
3.9 Romania Enterprise Performance Management Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 Romania Enterprise Performance Management Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of cloud-based enterprise performance management solutions |
4.2.2 Growing focus on data-driven decision-making processes in Romanian enterprises |
4.2.3 Rising demand for integrated business planning and analytics tools |
4.3 Market Restraints |
4.3.1 High initial investment required for implementing enterprise performance management solutions |
4.3.2 Lack of skilled professionals in Romania proficient in enterprise performance management technology |
4.3.3 Resistance to change in traditional business processes and systems |
5 Romania Enterprise Performance Management Market Trends |
6 Romania Enterprise Performance Management Market, By Types |
6.1 Romania Enterprise Performance Management Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Romania Enterprise Performance Management Market Revenues & Volume, By Application , 2021 - 2031F |
6.1.3 Romania Enterprise Performance Management Market Revenues & Volume, By Enterprise Planning and Budgeting, 2021 - 2031F |
6.1.4 Romania Enterprise Performance Management Market Revenues & Volume, By Financial Consolidation, 2021 - 2031F |
6.1.5 Romania Enterprise Performance Management Market Revenues & Volume, By Reporting and Compliance, 2021 - 2031F |
6.1.6 Romania Enterprise Performance Management Market Revenues & Volume, By Integrated Performance Management System, 2021 - 2031F |
6.1.7 Romania Enterprise Performance Management Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Romania Enterprise Performance Management Market, By Business Function |
6.2.1 Overview and Analysis |
6.2.2 Romania Enterprise Performance Management Market Revenues & Volume, By Finance, 2021 - 2031F |
6.2.3 Romania Enterprise Performance Management Market Revenues & Volume, By Human Resources, 2021 - 2031F |
6.2.4 Romania Enterprise Performance Management Market Revenues & Volume, By Supply Chain, 2021 - 2031F |
6.2.5 Romania Enterprise Performance Management Market Revenues & Volume, By Sales and Marketing, 2021 - 2031F |
6.2.6 Romania Enterprise Performance Management Market Revenues & Volume, By IT, 2021 - 2031F |
6.3 Romania Enterprise Performance Management Market, By Deployment Type |
6.3.1 Overview and Analysis |
6.3.2 Romania Enterprise Performance Management Market Revenues & Volume, By Cloud, 2021 - 2031F |
6.3.3 Romania Enterprise Performance Management Market Revenues & Volume, By On-premises, 2021 - 2031F |
6.4 Romania Enterprise Performance Management Market, By Organization Size |
6.4.1 Overview and Analysis |
6.4.2 Romania Enterprise Performance Management Market Revenues & Volume, By Large Enterprises, 2021 - 2031F |
6.4.3 Romania Enterprise Performance Management Market Revenues & Volume, By SMEs, 2021 - 2031F |
6.5 Romania Enterprise Performance Management Market, By Vertical |
6.5.1 Overview and Analysis |
6.5.2 Romania Enterprise Performance Management Market Revenues & Volume, By BFSI, 2021 - 2031F |
6.5.3 Romania Enterprise Performance Management Market Revenues & Volume, By Manufacturing, 2021 - 2031F |
6.5.4 Romania Enterprise Performance Management Market Revenues & Volume, By Healthcare and Lifesciences, 2021 - 2031F |
6.5.5 Romania Enterprise Performance Management Market Revenues & Volume, By IT and ITES, 2021 - 2031F |
6.5.6 Romania Enterprise Performance Management Market Revenues & Volume, By Government and Public Sector, 2021 - 2031F |
6.5.7 Romania Enterprise Performance Management Market Revenues & Volume, By Telecommunications, 2021 - 2031F |
6.5.8 Romania Enterprise Performance Management Market Revenues & Volume, By Media and Entertainment, 2021 - 2031F |
6.5.9 Romania Enterprise Performance Management Market Revenues & Volume, By Media and Entertainment, 2021 - 2031F |
7 Romania Enterprise Performance Management Market Import-Export Trade Statistics |
7.1 Romania Enterprise Performance Management Market Export to Major Countries |
7.2 Romania Enterprise Performance Management Market Imports from Major Countries |
8 Romania Enterprise Performance Management Market Key Performance Indicators |
8.1 Percentage increase in the number of enterprises adopting cloud-based EPM solutions in Romania |
8.2 Average time taken for enterprises to implement and integrate EPM solutions into their existing systems |
8.3 Improvement in key performance metrics (e.g., efficiency, profitability) for enterprises after implementing EPM solutions |
9 Romania Enterprise Performance Management Market - Opportunity Assessment |
9.1 Romania Enterprise Performance Management Market Opportunity Assessment, By Application , 2021 & 2031F |
9.2 Romania Enterprise Performance Management Market Opportunity Assessment, By Business Function, 2021 & 2031F |
9.3 Romania Enterprise Performance Management Market Opportunity Assessment, By Deployment Type, 2021 & 2031F |
9.4 Romania Enterprise Performance Management Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
9.5 Romania Enterprise Performance Management Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 Romania Enterprise Performance Management Market - Competitive Landscape |
10.1 Romania Enterprise Performance Management Market Revenue Share, By Companies, 2024 |
10.2 Romania Enterprise Performance Management Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |