About Financial Forecasting Software
The Financial Forecasting Software is designed especially for business strategists, industry executives, marketing, sales and product managers & consultants highlighting the value drivers that may provide a competitive advantage to a business, giving an upper hand in the industry. This type of software requires financial and operational information from tools such as accounting software and ERP systems. For advanced financial performance analytics, budgeting and forecasting software is integrated with corporate performance management software. Many business applications are moving onto a Software as a Service (SaaS) basis. There are now several established F&B SaaS solutions, for example Adaptive Planning, a highly scaleable solution which requires simply a computer or mobile device with internet access for each user plus on-site connectors to upload the customer’s accounting data to the cloud.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Financial Forecasting Software market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Financial Forecasting Software market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United Kingdom and United States Players will contribute the maximum growth to Global Financial Forecasting Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Centage (United States), KAUFMAN, HALL & ASSOCIATES, LLC (United States), NetSuite (United States), FD4Cast (United Kingdom), Advanced Business Solutions (United Kingdom), Adaptive Planning (United States), Decision Curve Ltd. (United Kingdom), 4 Cast Solutions Ltd (United Kingdom), Oracle Hyperion Planning (United States) and PlanGuru LLC (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Planware (Ireland), Prophix (Canada), Sage Ltd. (United Kingdom) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Financial Forecasting Software market by , Application (Small & Medium Business and Large Business) and Region.
On the basis of geography, the market of Financial Forecasting Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Mode, the sub-segment i.e. Online will boost the Financial Forecasting Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Need for Strategic and Better-Informed Business Decisions
Market Growth Drivers:
Increasing Use of Forecasting Software by the Industries
Challenges:
High Investment Cost related to Financial Forecasting Software
Restraints:
Lack of Skilled Professionals
Opportunities:
Increase Need For Accurate and Flexible Software to Support Corporate Budgeting, Reporting etc.
Market Leaders and their expansionary development strategies
In January 2019- Centage Corporation, a leading provider of cloud-based budgeting, forecasting, analytics and reporting solutions has announced a partnership with Acumatica, a provider of cloud-based ERP business management software solutions, to help address the rapidly growing demand for cloud-based financial management systems.
In April 2019- Kaufman Hall Partnership with Ellucian Makes Enterprise Performance Management Easier for Higher Education Institutions. Kaufman Hall, a leading provider of enterprise performance management software, data and management consulting services.
Key Target Audience
Software Provider of Financial Forecasting Software, Technology Solution Providers, Software Solution Providers and Network Providers
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.