Study Period | 2019-2032 |
Base Year | 2023 |
Forcast Year | 2023-2032 |
CAGR | 8.29 |
Enterprise Performance Management Market Analysis Report 2023-2032
The Enterprise Performance Management (EPM) Market is set for substantial growth, with an anticipated Compound Annual Growth Rate (CAGR) of 9.81% from 2022 to 2032. This growth is projected to lead to an expansion of the market size by USD 13.26 billion. The EPM market's growth is driven by factors such as the increasing need for data-driven decision-making, demand for integrated financial planning, and advancements in analytics and cloud technologies.
Enterprise Performance Management Market Overview
Drivers
The growth of the Enterprise Performance Management market is fueled by organizations' focus on strategic planning, budgeting, and forecasting to achieve business objectives. EPM solutions enable efficient data consolidation, analysis, and reporting, supporting informed decision-making across departments.
Furthermore, the demand for integrated financial planning and analytics solutions contributes to the market's growth. Organizations seek end-to-end solutions that connect financial data with operational data for a holistic view of performance and strategy.
Trends
The integration of AI-driven predictive analytics and the adoption of cloud-based EPM platforms are key trends in the EPM market. AI-powered analytics enhance forecasting accuracy, identifying trends and anomalies for more reliable insights.
Moreover, cloud-based platforms offer scalability, real-time collaboration, and cost savings, enabling organizations to access EPM solutions without investing in on-premises infrastructure.
Restraints
Complex implementation processes, data security concerns, and the need for change management pose challenges in the EPM market. Organizations must plan for comprehensive data integration, ensure data privacy and compliance, and manage the cultural shifts associated with adopting EPM solutions.
Additionally, legacy systems' compatibility issues and the need for skilled EPM professionals may require investments in training and integration efforts.
Enterprise Performance Management Market Segmentation By Component
Among the component segments, the Software segment is anticipated to experience significant growth during the forecast period. EPM software solutions play a crucial role in automating financial processes, providing scenario analysis, and facilitating collaborative planning.
Moreover, the Services segment is also on the rise. Professional services, including consulting, implementation, and support, aid organizations in deploying effective EPM solutions and optimizing their use.
Enterprise Performance Management Market Segmentation By Deployment Mode
Within the EPM deployment mode segment, the Cloud-based segment is expected to play a substantial role in market growth. Cloud-based EPM solutions offer flexibility, remote access, and automatic updates, reducing the need for on-site management and maintenance.
Additionally, the On-premises segment remains relevant. On-premises solutions cater to organizations with strict data control and security requirements.
North America is projected to be a major contributor to the global Enterprise Performance Management market growth, accounting for approximately 40% of the market share during the forecast period. The region's leadership is attributed to its emphasis on financial planning, regulatory compliance, and adoption of advanced analytics.
The Europe region is also witnessing significant growth, driven by the need for standardized reporting, regulatory adherence, and improved financial transparency. Additionally, the Asia-Pacific region's evolving business landscape, expanding financial services sector, and investments in digital transformation contribute to market expansion.
The Enterprise Performance Management market gained prominence as organizations recognize the importance of aligning financial and operational data for effective decision-making. The COVID-19 pandemic highlighted the need for agile financial planning and scenario analysis in response to rapidly changing business environments.
Enterprise Performance Management Market Customer Landscape
The Enterprise Performance Management market report encompasses an analysis of the customer landscape, from finance professionals and business analysts to CFOs and strategic planners. It delves into adoption rates across industries, providing insights into customer preferences and trends. Additionally, the report identifies key factors influencing EPM adoption, aiding businesses in devising effective growth strategies.
Major Enterprise Performance Management Market Companies
Companies in the EPM market are implementing various strategies to enhance their market presence, including partnerships with technology providers, integration with analytics platforms, and development of AI-driven solutions.
The competitive landscape analysis in the report offers comprehensive insights into market players, assessing their strengths, weaknesses, and positioning. The qualitative and quantitative data aids in categorizing companies based on their focus and dominance in the market.
Segment Overview
The Enterprise Performance Management market report forecasts revenue growth at global, regional, and country levels and provides a comprehensive analysis of trends and growth opportunities from 2019 to 2032.
TABLE OF CONTENTS: GLOBAL Enterprise Performance Management MARKET
Chapter 1. MARKET SYNOPSIS
1.1. Market Definition `
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. EXECUTIVE SUMMARY
2.1. Summary Snapshot, 2016 – 2027
Chapter 3. INDICATIVE METRICS
3.1. Macro Indicators
Chapter 4. Enterprise Performance Management MARKET SEGMENTATION & IMPACT ANALYSIS
4.1. Enterprise Performance Management Segmentation Analysis
4.2. Industrial Outlook
4.3. Price Trend Analysis
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.5.1. Power Of Suppliers
4.5.2. Power Of Buyers
4.5.3. Threat Of Substitutes
4.5.4. Threat Of New Entrants
4.5.5. Competitive Rivalry
Chapter 5. Enterprise Performance Management MARKET BY deployment SIGHTS & TRENDS
5.1. Segment 1 Dynamics & Market Share, 2019 & 2027
5.2 On-premise
5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
5.3 Cloud
5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 6. Enterprise Performance Management MARKET BY Size of enterprise INSIGHTS & TRENDS
6.1. Segment 2 Dynamics & Market Share, 2019 & 2027
6.2 Small and Medium
6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.3 Large
6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 7. Enterprise Performance Management MARKET REGIONAL OUTLOOK
7.1. Enterprise Performance Management Market Share By Region, 2019 & 2027
7.2. NORTH AMERICA
7.2.1. North America Enterprise Performance Management Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.2. North America Enterprise Performance Management Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.3. North America Enterprise Performance Management Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.4. North America Enterprise Performance Management Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.5. U.S.
7.2.5.1. U.S. Enterprise Performance Management Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.5.2. U.S. Enterprise Performance Management Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.5.3. U.S. Enterprise Performance Management Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.5.4. U.S. Enterprise Performance Management Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.6. CANADA
7.2.6.1. Canada Enterprise Performance Management Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.6.2. Canada Enterprise Performance Management Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.6.3. Canada Enterprise Performance Management Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.6.4. Canada Enterprise Performance Management Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3. EUROPE
7.3.1. Europe Enterprise Performance Management Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.2. Europe Enterprise Performance Management Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.3. Europe Enterprise Performance Management Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.4. Europe Enterprise Performance Management Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.5. GERMANY
7.3.5.1. Germany Enterprise Performance Management Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.5.2. Germany Enterprise Performance Management Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.5.3. Germany Enterprise Performance Management Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.5.4. Germany Enterprise Performance Management Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.6. FRANCE
7.3.6.1. France Enterprise Performance Management Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.6.2. France Enterprise Performance Management Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.6.3. France Enterprise Performance Management Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.6.4. France Enterprise Performance Management Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.7. U.K.
7.3.7.1. U.K. Enterprise Performance Management Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.7.2. U.K. Enterprise Performance Management Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.7.3. U.K. Enterprise Performance Management Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.7.4. U.K. Enterprise Performance Management Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4. ASIA-PACIFIC
7.4.1. Asia Pacific Enterprise Performance Management Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.2. Asia Pacific Enterprise Performance Management Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.3. Asia Pacific Enterprise Performance Management Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.4. Asia Pacific Enterprise Performance Management Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.5. CHINA
7.4.5.1. China Enterprise Performance Management Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.5.2. China Enterprise Performance Management Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.5.3. China Enterprise Performance Management Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.5.4. China Enterprise Performance Management Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.6. INDIA
7.4.6.1. India Enterprise Performance Management Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.6.2. India Enterprise Performance Management Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.6.3. India Enterprise Performance Management Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.6.4. India Enterprise Performance Management Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.7. JAPAN
7.4.7.1. Japan Enterprise Performance Management Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.7.2. Japan Enterprise Performance Management Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.7.3. Japan Enterprise Performance Management Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.7.4. Japan Enterprise Performance Management Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.8. AUSTRALIA
7.4.8.1. Australia Enterprise Performance Management Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.8.2. Australia Enterprise Performance Management Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.8.3. Australia Enterprise Performance Management Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.8.4. Australia Enterprise Performance Management Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.5. MIDDLE EAST AND AFRICA (MEA)
7.5.1. Mea Enterprise Performance Management Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.5.2. Mea Enterprise Performance Management Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.5.3. Mea Enterprise Performance Management Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.5.4. Mea Enterprise Performance Management Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.6. LATIN AMERICA
7.6.1. Latin America Enterprise Performance Management Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.6.2. Latin America Enterprise Performance Management Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.6.3. Latin America Enterprise Performance Management Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.6.4. Latin America Enterprise Performance Management Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)
7.6.5. Latin America Enterprise Performance Management Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
Chapter 8. COMPETITIVE LANDSCAPE
8.1. Market Share By Manufacturers
8.2. Strategic Benchmarking
8.2.1. New Product Launches
8.2.2. Investment & Expansion
8.2.3. Acquisitions
8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures
8.3. Vendor Landscape
8.3.1. North American Suppliers
8.3.2. European Suppliers
8.3.3. Asia-Pacific Suppliers
8.3.4. Rest Of The World Suppliers
Chapter 9. COMPANY PROFILES
9.1 IBM Corporation
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Insights
9.1.4. Strategic Initiatives
9.2 SAP SE
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Insights
9.2.4. Strategic Initiatives
9.3 Oracle Corporation
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Insights
9.3.4. Strategic Initiatives
9.4 CA Technologies (Broadcom Inc)
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Insights
9.4.4. Strategic Initiatives
9.5 Capgemini SE
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Insights
9.5.4. Strategic Initiatives
9.6 Company 6
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Insights
9.6.4. Strategic Initiatives
9.7 Company 7
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Insights
9.7.4. Strategic Initiatives
9.8 Company 8
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Insights
9.8.4. Strategic Initiatives
9.9 Company 9
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Insights
9.9.4. Strategic Initiatives
9.10 Company 10
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Insights
9.10.4. Strategic Initiatives
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
"Find new revenue generation opportunities"