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Most of the BEAM isn't well-suited for trends in today's immutable architecture world (Docker deploys on something like Kubernetes or ECS). Bootup time on the VM can be long compared to running a Go or OCaml binary, or some Python applications (I find larger Python apps tend to spend a ton of time loading modules). Compile times aren't as fast as Go, so if a fresh deploy requires downloading modules and compile-from-scratch, that'll be longer than other stacks. Now, if you use stateful deploys and hot-code reloading, it's not so bad, but incorporating that involves a bit more risk and specific expertise that most companies don't want to roll into. Basically, the opposite of this article https://ferd.ca/a-pipeline-made-of-airbags.html
Macros are neat but they can really mess up your compile times, and they don't compose well (e.g. ExConstructor and typed_struct and Ecto Schemas all operate on Elixir Structs, but you can't use all three)
If your problem is CPU-bound, there are much better choices: C++, Rust, C. Python has a million libraries that use great FFI so you'll be fine using that too. Ditto memory-bound: there are better languages for this.
This is also not borne from direct experience, but: my understanding is the JVM has a lot more knobs to tune GC. The BEAM GC is IMO amazing, and did the right thing from the beginning to prevent stop-the-world pauses, but if you care about other metrics (good list in this article https://blog.plan99.net/modern-garbage-collection-911ef4f8bd...) you're probably better off with a JVM language.
While the BEAM is great at distribution, "distributed Erlang" (using the VM's features instead of what most companies do, and ad-hoc it with containers and infra) makes assumptions that you can't break, like default k-clustering (one node must be connected to all other nodes). This means you can distribute to some number of nodes, but it's hard to use Distributed Erlang for hundreds or thousands of nodes.
Deployment can be mixed, depending on what you want. BEAM Releases are nice but the lack some of the niceness of direct binaries. Libraries can work around this (like Burrito https://github.com/burrito-elixir/burrito).
If you like static types, Dialyzer is the worst of the "bolted-on" type checkers. mypy/pyright/pyre, Sorbet, Typescript are all way better, since Dialyzer only does "success typing," and gives way worse messages.
[1]: https://morepablo.com/2023/05/where-have-all-the-hackers-gone.html