Global Enterprise Performance Management Market Size By Deployment (Cloud based, On-premise), By Product (Finance, HR, Supply chain), By Application (BFSI, IT & Telecom, Retail, Manufacturing), By Geographic Scope And Forecast

Enterprise Performance Management Market Size And Forecast

Enterprise Performance Management Market size was valued at USD 5,797.5 Million in 2021 and is projected to reach USD 10,106.4 Million by 2030, growing at a CAGR of 6.50% from 2022 to 2030.

An increase in the need for making business strategy transparent to all employees, overall improvement in performance, an increasing focus on core business & improved scalability, is expected to drive the growth of the enterprise performance management market globally. In addition, rising data-driven decision-making in the organization, growing demand for cloud-based enterprise performance management software, increasing operational efficiency by optimizing business processes, and requirements for regulatory compliance and security are expected to drive enterprise performance management market growth. The Global Enterprise Performance Management Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Enterprise Performance Management Market Definition

Enterprise Performance Management (EPM) is a process designed to support organizations such as government entities, companies, and non-profit organizations to link their strategies, plans, and execution across the organization structure. In addition, it includes consolidating results and framing annual reports. In addition, it analyses performance and assists in informed decision-making. In addition, EPM software makes it easy to report results to internal and external stakeholders.

Increased demand for business transparency for all employees, increased focus on core business, and improved performance is some of the key drivers of business growth. Furthermore, the rise in the adoption of cloud-based EPM across the globe is expected to provide promising opportunities for this market. The challenges in shifting and implementing data from on-premise to cloud are expected to restrain the market growth in the forecasted period

The players have adopted various strategies to capture the market better. For an instance, Oracle has implemented various security compliance features, such as transport layer security (TLS) for communication, network restricted access, and encrypted passwords for secure EPM automated access. The product feature will enable the companies to have better security and reduce data breaches.

Global Enterprise Performance Management Market Overview

The Global Enterprise Performance Management Market is witnessing significant growth owing to various driving factors such as an increase in digital transformation and automation of industrial management and its processes, less maintenance, and low costs associated with cloud-based enterprise performance management, The markets are changing due to various factors such as new business trends, changing consumer preferences and behaviors, technological advancements, and the rest of the others. Thus, businesses around the world need more flexible and mobile solutions to adapt to the changes in the global market, industries, and technologies, amongst others. Cloud-based enterprise performance management solutions offer more flexibility and mobility to businesses.

However, complexities involved in the integration of technologies and toolsets for EPM, the influence of implementing digital transformation and automated performance parameters, and the rest of the other factors might strangle the growth of the global market over the forecasted period. Moreover, the technological advancements such as AI and IoT; rising demand from small and medium businesses; the booming it & telecom industry around the world, and other factors are creating new opportunities for the Global Enterprise Performance Management Market to grow soon.

Furthermore, the market leads to suffer a declination in the year 2020 owing to the consideration of the pandemic (COVID- 19) effect on the market. The decline is mainly owing to the economic slowdown. To prevent the spread of the virus the government has imposed a lockdown and advised people to stay indoors to practice social distancing. These factors halted economic activity across the globe. In addition, the impact has adversely affected businesses of different sizes.

The potential adoption of AI and Machine Learning in Enterprise Performance Management might provide the potential opportunity to meet the highest requirements. The introduction of IoT for the Enterprise Performance Management solutions for high performance and greater efficiency in operations will offer lucrative opportunities for the Global Enterprise Performance Management Market.

Global Enterprise Performance Management MarketSegmentation Analysis

The Global Enterprise Performance Management Market is segmented on the basis of Deployment, Product, Application, and Region.

Enterprise Performance Management Market, By Deployment

• Cloud-based• On-premise

On the basis of Deployment, GlobalEnterprise Performance Management Market has been segmented into Cloud-based and On-premise. Cloud accounted for the largest market share in 2021 and is projected to grow at a CAGR of 83.01% during the forecast period. On-Premise was the second-largest market in 2021. It is projected to grow at the highest CAGR of 7.49%. The demand for cloud-based enterprise performance management software is growing as compared to on-premises due to various benefits. Cloud-based enterprise performance management software allows enterprises to utilize the virtual technology hosted by the service provider offsite. The cloud-based enterprise performance management software provides enterprises access to the applications and different features anytime and anywhere. It is affordable and doesn’t require upfront costs.

Enterprise Performance Management Market, By Product

• Finance• HR• Supply chain• Others

To Get Summarized Market Report By Product-

On the basis of Product, the Global Enterprise Performance Management Market has been segmented into Finance, HR, Supply chain, and Others. Finance accounted for the largest market share in 2021 and is projected to grow at a CAGR of 181.27% during the forecast period. HR was the second-largest market in 2021, it is projected to grow at a CAGR of 6.73%. However, Supply Chain is projected to grow at the highest CAGR of 6.80%.

The demand for Enterprise Performance Management is growing across different industry verticals in financial functions of the businesses; thus, is going to attract the market for better growth. Users and organizations have reaped new benefits from EPM software. Spreadsheets aided accounting and finance employees in obtaining, documenting, and calculating data more quickly.

Enterprise Performance Management Market, By Application

• BFSI• IT & Telecom• Retail• Manufacturing• Healthcare• Others

On the basis of Application, the Global Enterprise Performance Management Market has been segmented into BFSI, IT & Telecom, Retail, Manufacturing, Healthcare, and Others. BFSI accounted for the largest market share in 2020 and is projected to grow at a CAGR of 33.63% during the forecast period. IT & Telecom was the second-largest market in 2020, in 2020; it is projected to grow at a CAGR of 6.65%. However, Manufacturing is projected to grow at the highest CAGR of 7.92%. The demand for Enterprise Performance Management is growing across the BFSI industry; thus, the segment is holding the largest share of the market and going to attract the market for better growth. The BFSI industry is booming as it is going through a revolutionary advancement due to changing demographics, industrialization, technological advancements, and digital banking services around the world. Technology is changing year on year due to the rise in adoption, growing investments in innovations, and the rest of the others

Enterprise Performance Management Market, By Geography

• North America• Europe• Asia Pacific• Latin America• Middle East & Africa

To Get Summarized Market Report By Geography- 

On the basis of Geography, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In North America, U.S. accounted for the largest market share in 2021 and is projected to grow at a CAGR of 4.86% during the forecast period. Canada was the second-largest market in 2021, in 2021; it is projected to grow at the highest CAGR of 6.81%. On the other hand, China accounted for the largest market share in 2020 and is projected to grow at the highest CAGR of 7.70% during the forecast period. Japan was the second-largest market in 2020, in 2020; it is projected to grow at a CAGR of 6.57%.

Key Players

The “Global Enterprise Performance Management Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are IBM, Workday, Anaplan, Unicom Systems, Planful, Unit4, Epicor Software, Oracle, SAP, Infor, and others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the players mentioned above globally.

Key Developments

• Workday announced it had achieved Ready status for the Federal Risk and Authorization Management Program (FedRAMP) at a Moderate impact level• With this achievement, Workday materially advances its position to help federal agencies accelerate IT transformation.

• Anaplan welcomes new partners in AMER and APAC to help global businesses realize the benefits of Connected Planning.

Report Scope

To Get Customized Report Scope- 

Top Trending Reports

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

Customization of the Report

In case of any , please connect with our sales team, who will ensure that your requirements are met.