Enterprise Performance Management Market Demand, Size, Share, Key Players, Growth, and Forecast 2023 to 2031

Enterprise performance management (EPM) is the process of monitoring performance across the enterprise with the goal of improving business performance. An EPM software integrates and analyzes data from various sources, which include front office and back office applications, data warehouses, and external data sources. Advanced EPM systems support many performance methodologies and features such as the balanced scorecard, dashboards, and user-friendly handles to track the data of performance-related processes across all the department, including finance, sales, human resources, marketing, and others.

EPM includes management processes such as budgeting, planning, forecasting, modeling, consolidating results & closing books on periodic basis, reporting results to internal & external stakeholders, and analyzing performance based on plan, divisions, or products. EPM software aids to drive accountability across the enterprise by aligning financial, strategic, and operational goals, extending budgeting participants and permitting managers with additional timely information. Other indicators that are used as a measure in EPM software are return on investment (ROI), revenue costs, overhead costs, and operational costs.

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The global enterprise performance management market is expected to witness significant growth during the forecast period, owing to rise in need for making business strategy transparent to all employees, increased focus on core business & improve scalability, and rise in need to improve business performance. In addition, the ability to spend more time analyzing financial data instead of overseeing a finance system drives the growth of the market. Moreover, lack of planning accuracy & outcome predictability fuels the market growth. Furthermore, rise in demand for cloud-based EPM software is anticipated to offer lucrative opportunities in the coming years for the market growth across the globe. However, implementation risks and shifting of workload from on premise to cloud restrain the market growth.

The global enterprise performance management market is segmented based on component, deployment, function, industry vertical, and geography. By component, the market is divided into software and services. Depending on deployment, it is categorized into on-premise and cloud. On the basis of function, it is fragmented into finance, human resource (HR), supply chain, and others. According to industry vertical, it is classified into BFSI, IT & telecom, retail, manufacturing, healthcare, energy & utilities, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The passage highlights the trend of governmental organizations increasing their maintenance budgets for system infrastructure while also investing in initiatives for project development, modernization, and enhancement. This has led to the success of investments and an increase in the annual funding set aside by ICT vendors for the growth of the online market. The passage also mentions the anticipated increase in global ICT exports, which are expected to rise by an average of 3.9% yearly from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. The global supply of ICT has increased by 9.5% yearly since 2009.

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In terms of global ICT exports in 2021, Ireland ranked first with US$ 169.32 billion, followed by the United States at number 2, India at number 3, and China at number 4. The passage also notes the significant increase in Brunei’s global ICT exports by 228.2% year over year since 2009, while Sierra Leone’s global ICT exports have decreased by 61.7% year over year in the same period. Overall, the passage highlights the growth and potential of the global ICT market, driven by increased investments and funding for infrastructure and project development.

It seems that the ICT industry in Europe is predicted to experience moderate growth in the coming years, with an annual increase of 1.5% expected from 2021 to 2026. Germany currently holds the top position in terms of ICT revenue in Europe, followed by the United Kingdom, France, and Ireland. It’s interesting to note that while some countries like Malta have experienced significant growth in the ICT industry since 2016, others like Italy have seen a slight decline. This information can be useful for businesses and investors looking to enter or expand in the European ICT market.

KEY BENEFITS FOR STAKEHOLDERS

The study provides an in-depth analysis of the global enterprise performance management market along with current & future trends to elucidate the imminent investment pockets.
Information about key drivers, restraints, and opportunities and their impact analysis on the market size is provided.
Porter’s Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.
Quantitative analysis from 2016 to 2025 is provided to determine the market potential.

KEY MARKET PLAYERS

Adaptive Insights Inc.
Anaplan, Inc.
BOARD International S.A.
Host Analytics Inc.
IBM Corporation
Infor Inc.
Oracle
SAP SE
CCH Tagetik (Wolters Kluwer NV)
Workiva

KEY MARKET SEGMENTS

BY COMPONENT

Software
Services

BY DEPLOYMENT

On-premise
Cloud

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BY FUNCTION

Finance
HR
Supply Chain
Others

BY INDUSTRY VERTICAL

BFSI
IT & Telecom
Retail
Manufacturing
Healthcare
Energy & Utilities
Others

BY REGION

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

Table of Content:

  • Report Overview
  • Global Growth Trends
  • Competition Landscape by Key Players
  • Data Segments
  • North America Market Analysis
  • Europe Market Analysis
  • Asia-Pacific Market Analysis
  • Latin America Market Analysis
  • Middle East & Africa Market Analysis
  • Key Players Profiles Market Analysis
  • Analysts Viewpoints/Conclusions
  • Appendix

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