Enterprise Performance Management Market: Global Industry Insights and Forecast (2021-2027).

Enterprise Performance Management Market was valued at US$ 5.7 Bn. in 2020 and is expected to reach US$ 8.7 Bn. by 2027, at a CAGR of 6.3% during a forecast period.

Enterprise Performance Management Market Overview:

Enterprise Performance Management Market was valued at US$ 5.7 Bn. in 2020. Vendors may now offer financial budgeting and planning solutions, enabling firms to take necessary measures, thanks to the advancement of new technology. To handle more significant business data, organizations demand software solutions. EPM (Enterprise Performance Management) is software that helps companies connect their strategies to their plans and execution. Budgeting, planning, forecasting, and modelling are just a few of the management tasks that EPM software may help with. Reporting results to internal and external shareholders, reviewing performance, and determining if the organization's performance is in line with the plan and the organization's goal and mission are all included in EPM software. Return on investment, revenue, overhead, and operating costs are some of the other metrics used in EPM software. Enterprise Performance Management Market To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2016 to forecast the market through 2027. 2020 is considered a base year. Special attention is given to 2020 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report. COVID-19 Impact on Enterprise Performance Management Market: Many companies have to adjust their procedures and policies in order to keep their employees safe during COVID-19. Due to their inability to travel and cross borders, as well as social isolation, businesses have been forced to alter their current ways of operating and rethink operational choices. Governments are partnering with cloud providers to combat the COVID-19 pandemic. The White House, for example, has announced the launch of the COVID-19 High-Performance Computing Consortium, which will provide global COVID-19 researchers with access to the world's most powerful high-performance computing resources, significantly speeding up the pace of scientific discovery to combat the virus.

Enterprise Performance Management Market Dynamics:

Requirements for regulatory compliance and security: EPM systems assist the organization in adhering to the organization's compliance security criteria. EPM systems safeguard data integrity and confidentiality. TLS for communication, encrypted passwords for safe EPM automated access, and network restricted access are among the security compliance features offered by Oracle. These features assist businesses in meeting security regulations and avoiding data breaches. With changing tax and regulatory procedures for financial reporting, EPM offers a variety of reporting standards with exact and up-to-date data, removing the need for numerous financial reporting systems and shortening the process cycle time. Rising need for mobility to implement a flexible work system: The growing demand for mobility solutions has led to a rise in cloud-based EPM software adoption. Application programming interfaces or integrated technologies to connect on-premises EPM software to mobile devices were lacking. Following the onset of the COVID-19 pandemic, businesses are shifting toward a more flexible work environment. Cloud-based EPM solutions are meant to help businesses grow more quickly and breakthrough geographic barriers. Enterprise Performance Management Market EPM systems have a high deployment cost because they can help a company perform better, which raises the cost of utilizing such software. Budget constraints apply to the installation of any new software package. Organizations anticipate how the EPM solution will pay for itself, given its relatively expensive cost. It is difficult for firms without a good project management system to undertake the cost and benefit analyses for EPM. Because the EPM tool does not produce income for the business, businesses must concentrate on increasing revenues and lowering costs.

Enterprise Performance Management Market segment analysis:

Based on deployment, during the forecast period, the on-premises segment is expected to account for a greater market share. The solution's implementation and operation take place within the infrastructure of the company. Financial reporting and consolidation operations are automated with on-premise EPM systems, which improves efficiency and consistency. Despite the fact that on-premises EPM is more expensive than cloud EPM, many firms are choosing it because of security and regulatory issues related to the sensitive nature of the data. Enterprise Performance Management MarketBased on business function, for financial planning, cash flow modelling, and other strategic financial planning procedures, financial firms used to rely on spreadsheets and older systems. EPM software can help with a wide range of budgeting, planning, and forecasting needs. They assist business leaders in the creation of long- and short-term cash flow predictions, such as 13-week cash flow models, which combine historical data from ERP systems with future revenue and cost forecasts from EPM applications. This aids in the improvement of decision-making processes and offers an overview of the company's performance across the board. Enterprise Performance Management Market Based on end-user, in this sector, the BFSI has the greatest market share and is projected to continue to do so during the projection period. EPM applications are increasingly being used by BFSI to streamline financial planning and analysis, performance management, reporting, and compliance operations. They also assist in revenue planning and forecasting for a variety of businesses and products, such as asset management, brokerage, mortgage lending, and fee-based services. In addition, the emergence of cloud-based customized solutions has aided the industry's adoption of EPM solutions. Enterprise Performance Management Market

Enterprise Performance Management Market Regional Insight:

APAC region is the dominant region. Businesses have been quick to recognize the advantages of cloud technology as a digital transformation enabler. The major APAC countries' public cloud spending is growing at a CAGR of 25% faster than in the United States and Western Europe. The COVID-19 pandemic has made it even more important for corporate executives in APAC to raise their cloud adoption rates, creating huge market potential for EPM vendors. The rising use of new technologies, economic advancements, the increasing pace of digitization, and substantial investments by EPM solution providers are all contributing to the region's growth. Some EPM suppliers that provide services across APAC include IBM, SAP, Oracle, and SAS Institute. Furthermore, a number of companies that provide EPM solutions and services are extending their footprint in APAC in order to provide local clients with custom-tailored solutions. Recent developments: • Unit4's ERPx, a next-generation intelligent Enterprise Resource Planning (ERP) solution created exclusively for mid-market, people-centric enterprises, will be available for general use in April 2021. • IBM's upgraded IBM Planning Analytics will be released in April 2021. A new statistical details page was added as part of the new changes, and it was aimed to provide more clear and easy-to-understand information about how a forecasting prediction was formed. The objective of the report is to present a comprehensive analysis of the Enterprise Performance Management market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Enterprise Performance Management market dynamics, structure by analyzing the market segments and projects the Enterprise Performance Management market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Enterprise Performance Management market make the report investor’s guide.

Enterprise Performance Management Market Scope: Inquire before buying

Enterprise Performance Management Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2019 Market Size in 2020: US $ 5.7 Bn.
Forecast Period 2021 to 2027 CAGR: 6.3 % Market Size in 2027: US $ 8.7 Bn.
Segments Covered: by Type • Software • Services
by Deployment • On-cloud • On-premises
by End-user • Retail and E-commerce • Governments • BFSI • Healthcare • IT and Telecommunication
by Business Function • Human Resource • Finance • Supply Chain • Sales and Marketing • Others
by Application • Enterprise consolidation • Supply chain performance management • Enterprise modeling • Predictive analytics • Enterprise planning and budgeting • Others
by Organization Size • Small enterprise • Medium enterprise • Large enterprise

 Enterprise Performance Management Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Enterprise Performance Management Market Key Players

• IBM Corporation • Infor • Oracle Corporation • SAP SE • Adaptive Insights Inc. • Anaplan • BOARD International S.A. • Host Analytics Inc. • CCH Tagetik • Workiva • International Business Machines Corp. • Wolters Kluwer NV • Dell Inc. • Elastifile • Cisco System • Mesosphere • HP Enterprise • Microsoft Corp. • Nimboxx • Stratoscale • Infor Inc. Frequently Asked Questions: 1. Which region has the largest share in Enterprise Performance Management Market? Ans: Asia pacific region holds the highest share in 2020. 2. What is the growth rate of Enterprise Performance Management Market? Ans: The Enterprise Performance Management Market is growing at a CAGR of 6.3 % during forecasting period 2021-2027. 3. What segments are covered in Enterprise Performance Management market? Ans: Enterprise Performance Management Market is segmented into type, component, end-user, business function, application, organization and region. 4. Who are the key players in Enterprise Performance Management market? Ans: The important key players in the Enterprise Performance Management Market are – IBM Corporation, Infor, Oracle Corporation, SAP SE, Adaptive Insights Inc., Anaplan, BOARD International S.A., Host Analytics Inc., CCH Tagetik, Workiva, International Business Machines Corp., Wolters Kluwer NV, Dell Inc., Elastifile, Cisco System, Mesosphere. 5. What is the study period of this market? Ans: The Enterprise Performance Management Market is studied from 2020 to 2027.
1. Global Enterprise Performance Management Market: Research Methodology 2. Global Enterprise Performance Management Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Enterprise Performance Management Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Enterprise Performance Management Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Enterprise Performance Management Market Segmentation 4.1. Global Enterprise Performance Management Market, by Type (2020-2027) • Software • Services 4.2. Global Enterprise Performance Management Market, by Deployment (2020-2027) • On-cloud • On-premises 4.3. Global Enterprise Performance Management Market, by Business Function (2020-2027) • Human Resource • Finance • Supply Chain • Sales and Marketing • Others 4.4. Global Enterprise Performance Management Market, by End-user(2020-2027) • Retail and E-commerce • Governments • BFSI • Healthcare • IT and Telecommunication 4.5. Global Enterprise Performance Management Market, by Application(2020-2027) • Enterprise consolidation • Supply chain performance management • Enterprise modeling • Predictive analytics • Enterprise planning and budgeting • Others 4.6. Global Enterprise Performance Management Market, by Organization Size(2020-2027) • Small enterprise • Medium enterprise • Large enterprise 5. North America Enterprise Performance Management Market(2020-2027) 5.1. North America Enterprise Performance Management Market, by Type (2020-2027) • Software • Services 5.2. North America Enterprise Performance Management Market, by Deployment (2020-2027) • On-cloud • On-premises 5.3. North America Enterprise Performance Management Market, by Business Function (2020-2027) • Human Resource • Finance • Supply Chain • Sales and Marketing • Others 5.4. North America Enterprise Performance Management Market, by End-user(2020-2027) • Retail and E-commerce • Governments • BFSI • Healthcare • IT and Telecommunication 5.5. North America Enterprise Performance Management Market, by Application(2020-2027) • Enterprise consolidation • Supply chain performance management • Enterprise modeling • Predictive analytics • Enterprise planning and budgeting • Others 5.6. North America Enterprise Performance Management Market, by Organization Size(2020-2027) • Small enterprise • Medium enterprise • Large enterprise 5.7. North America Enterprise Performance Management Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Enterprise Performance Management Market (2020-2027) 6.1. European Enterprise Performance Management Market, by Type (2020-2027) 6.2. European Enterprise Performance Management Market, by Deployment (2020-2027) 6.3. European Enterprise Performance Management Market, by Business Function (2020-2027) 6.4. European Enterprise Performance Management Market, by End-user(2020-2027) 6.5. European Enterprise Performance Management Market, by Application(2020-2027) 6.6. European Enterprise Performance Management Market, by Organization Size(2020-2027) 6.7. European Enterprise Performance Management Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Enterprise Performance Management Market (2020-2027) 7.1. Asia Pacific Enterprise Performance Management Market, by Type (2020-2027) 7.2. Asia Pacific Enterprise Performance Management Market, by Deployment (2020-2027) 7.3. Asia Pacific Enterprise Performance Management Market, by Business Function (2020-2027) 7.4. Asia Pacific Enterprise Performance Management Market, by End-user(2020-2027) 7.5. Asia Pacific Enterprise Performance Management Market, by Application(2020-2027) 7.6. Asia Pacific Enterprise Performance Management Market, by Organization Size(2020-2027) 7.7. Asia Pacific Enterprise Performance Management Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Enterprise Performance Management Market (2020-2027) 8.1. Middle East and Africa Enterprise Performance Management Market, by Type (2020-2027) 8.2. Middle East and Africa Enterprise Performance Management Market, by Deployment (2020-2027) 8.3. Middle East and Africa Enterprise Performance Management Market, by Business Function (2020-2027) 8.4. Middle East and Africa Enterprise Performance Management Market, by End-user(2020-2027) 8.5. Middle East and Africa Enterprise Performance Management Market, by Application(2020-2027) 8.6. Middle East and Africa Enterprise Performance Management Market, by Organization Size(2020-2027) 8.7. Middle East and Africa Enterprise Performance Management Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Enterprise Performance Management Market (2020-2027) 9.1. Latin America Enterprise Performance Management Market, by Type (2020-2027) 9.2. Latin America Enterprise Performance Management Market, by Deployment (2020-2027) 9.3. Latin America Enterprise Performance Management Market, by Business Function (2020-2027) 9.4. Latin America Enterprise Performance Management Market, by End-user(2020-2027) 9.5. Latin America Enterprise Performance Management Market, by Application (2020-2027) 9.6. Latin America Enterprise Performance Management Market, by Organization Size(2020-2027) 9.7. Latin America Enterprise Performance Management Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. IBM Corporation 10.1.1. Financial Overview 10.1.2. Global Presence 10.1.3. Capacity Portfolio 10.1.4. Business Strategy 10.1.5. Recent Developments 10.2. Infor 10.3. Oracle Corporation 10.4. SAP SE 10.5. Adaptive Insights Inc. 10.6. Anaplan 10.7. BOARD International S.A. 10.8. Host Analytics Inc. 10.9. CCH Tagetik 10.10. Workiva 10.11. International Business Machines Corp. 10.12. Wolters Kluwer NV 10.13. Dell Inc. 10.14. Elastifile 10.15. Cisco System 10.16. Mesosphere 10.17. HP Enterprise 10.18. Microsoft Corp. 10.19. Nimboxx 10.20. Stratoscale 10.21. Infor Inc.

About This Report

Report ID 14941
Category Information Technology & Telecommunication
Published Date July 2019
Updated Date Nov 2021
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