Report : Asia Pacific Business Plan Software Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Platform (iOS, Windows, and Others), Deployment Type (On-Premise and Cloud), and Subscription Type (One-time, Monthly, and Annual)
Cloud Segment to Dominate APAC Business Plan Software Market during 2019–2027
According to The Insight Partners market research study on “APAC Business Plan Software Market Forecast to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Platform, Deployment Type, and Subscription Type” is expected to reach US$ 32523.87 Mn by 2027 from US$ 15034.46 Mn in 2019. The market is estimated to grow at a CAGR of 10.48% from 2020 to 2027. The report provides trends prevailing in the APAC business plan software market along with the drivers and restraints pertaining to the market growth. Increasing number of start-ups and cost-effectiveness of business plan software over services are the major factor driving the growth of the APAC business plan software market. However, major dependency on traditional business planning tools hinder the growth of APAC business plan software market.
The market for business plan software market is segmented into platform, deployment type, subscription type, and country. Based on platform, the market is segmented into iOS, windows, and others. In 2019, the others segment held the largest share in APAC business plan software market. On the basis of deployment type the market is divided into cloud, and on-premise. The cloud segment accounts for largest market share in the 2019. Similarly, based on subscription type the market is segmented into one-time, monthly, and annual. The annual subscription segment contributed a substantial share in 2019. The COVID-19 is anticipated to cause huge disruptions in the APAC region. APAC is a crucial region in terms of technology growth and any disruptions may negatively impact the growth of various industries. The government of countries such as China and India in the APAC region are taking drastic measures to reduce the effects of coronavirus outbreak by announcing lockdowns and travel bans. Additionally, Chinese VC deals have shrined between 50% and 57% points since the COVID 19 pandemic. Investments in the region dropped by 42% in 2019. After the coronavirus, there might be a 10%-20% decrease in 2020. The VC in start-ups are expected to witness drop, at least in Q1 and Q2 of 2020. Moreover, start-ups are wary of the Indian government move to change the FDI policy in an attempt to confine investment from China. This move is expected to further lowdown FDI investments in 2020. In Japan, the startup ecosystem is shifting to meet the needs created during this pandemic.
UpMetrics, and PlanGuru, LLC are among the leading companies in the APAC business plan software market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, Upmetrics Business Planner is here to help. This streamlined, all-in-one platform allows customers to quickly and easily create custom business plans, draft financial projections, and much more — and right now a lifetime subscription is available for over 95 percent off at just $24.99.
APACBusiness Plan Software Market, By Country, 2019 and 2027 (%)
Business Plan Software Market – By Platform
Business Plan Software Market – By Deployment Type
Business Plan Software Market – By Subscription Type
Business Plan Software Market – By Country