Enterprise Performance Management Market By Deployment (Cloud-Based, On-Premise), By Product (Finance, HR, Supply Chain), By Application (BFSI, IT & Telecom, Retail, Manufacturing), & Region For 2024-2031
Report ID: 193097|No. of Pages: 202
Enterprise Performance Management Market By Deployment (Cloud-Based, On-Premise), By Product (Finance, HR, Supply Chain), By Application (BFSI, IT & Telecom, Retail, Manufacturing), & Region For 2024-2031
Enterprise Performance Management Market Valuation 2024-2031
The Enterprise Performance Management Market size was valued at USD 6962.4 Million in 2023 and is projected to grow USD 11007.17 Million by 2031, exhibiting a CAGR of 6.50% during the forecast period. The increasing demand for enterprise performance management (EPM) solutions is driven by the need for better data integration and real-time business insights. Organizations are seeking tools that help streamline financial planning, budgeting, and forecasting processes enabling more accurate decision-making in dynamic business environments.
Additionally, the rise of cloud-based EPM platforms offers greater flexibility and scalability attracting more companies to adopt these solutions. The shift towards digital transformation further accelerates the demand for EPM systems that support performance optimization and efficiency improvements. This demand is especially high as businesses face growing competition and complex regulatory requirements.
>>> Get | Download Sample Report @ – https://www.verifiedmarketresearch.com/download-sample/?rid=193097
Enterprise Performance Management Market Definition/ Overview:
Enterprise performance management (EPM) is a set of processes, strategies, and software tools that assist organizations in monitoring, analyzing, and managing their overall performance. EPM systems aim to improve important business processes such as financial planning, budgeting, forecasting, and reporting by combining data from several sources. EPM enables organizations to make informed strategic decisions, optimize resource allocation, and align their aims with corporate goals resulting in increased efficiency and competitiveness.
It is used by organizations to monitor, analyze, and enhance their overall performance. It combines financial planning, budgeting, forecasting, and reporting to give a complete picture of business activities. EPM uses data-driven insights to help firms connect their plans with measurable goals, expedite decision-making, and increase productivity. It also aids in trend identification, risk management, and resource allocation resulting in more informed decisions and better organizational outcomes.
The future of enterprise performance management (EPM) will center on sophisticated analytics, AI integration, and real-time decision-making. As firms shift to cloud-based systems, EPM will provide more agile, data-driven insights for strategic planning, budgeting, and forecasting. Automation and artificial intelligence (AI) will streamline performance monitoring allowing organizations to respond quickly to changing markets. Furthermore, EPM systems will promote cross-departmental communication and deliver predictive analytics allowing firms to optimize operations, improve financial outcomes, and remain competitive in changing contexts.
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
What's inside a VMR
industry report?
>>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=193097
How is the Growing Emphasis on Data Analytics Influencing Investments in EPM Systems in the Enterprise Performance Management Market?
The increased emphasis on data analytics is having a substantial impact on investments in enterprise performance management (EPM) systems by allowing organizations to make more informed, data-driven choices. As businesses generate and gather massive volumes of data, they recognize the importance of advanced analytical capabilities to successfully analyze this information. EPM systems with powerful analytics tools enable organizations to analyze performance metrics, forecast trends, and find opportunities for improvement.
Furthermore, organizations are investing in predictive and prescriptive analytics within EPM systems as they seek a competitive advantage. Companies can use advanced algorithms and machine learning to predict future events and optimize their tactics accordingly. This shift towards analytics-driven decision-making drives organizations to invest in EPM systems that provide full data integration and visualization features, hence improving overall performance management skills in an increasingly complicated business environment.
How do High Implementation Costs Act as a Restraint in the Enterprise Performance Management Market?
High implementation costs limit the growth of the enterprise performance management (EPM) market, particularly for small and medium-sized businesses (SMEs). These costs include not only the purchase of EPM software but also expenses for infrastructure updates, training, and consulting services. Many SMEs operate on tight budgets and resources making it difficult to invest enough dollars for full EPM solutions. As a result, the financial burden can dissuade organizations from making EPM investments restricting market penetration and overall growth.
Furthermore, the continuing maintenance expenses associated with EPM systems exacerbate this limitation. Organizations must spend on regular updates, technical support, and user training to keep the system effective and secure. For SMEs, these additional fees can generate a view of EPM as a high-risk investment with possible advantages that may not justify the significant upfront and ongoing costs. As a result, many organizations may choose less expensive, less effective options slowing the growth of the EPM market.
Category-Wise Acumens
How do Regulatory Requirements Impact the Need for EPM Solutions in the BFSI Sector?
The BFSI (Banking, Financial Services, and Insurance) industry dominates the enterprise performance management (EPM) market. This dominance stems mostly from the industry’s requirement for thorough financial planning, budgeting, and forecasting procedures. BFSI companies confront strict regulatory requirements and a highly competitive environment, needing modern analytics and performance management solutions to optimize their financial operations. EPM tools assist these organizations to streamline their operations, improve decision-making, and increase total financial visibility, and promote growth and efficiency.
Furthermore, the growing emphasis on digital transformation in the BFSI industry fuels the demand for EPM solutions. Financial institutions are implementing cloud-based EPM technologies to enable real-time data analysis and increase cross-functional cooperation. The use of artificial intelligence and machine learning in EPM systems enables BFSI organizations to better predict market trends and make educated strategic decisions. This convergence of EPM technologies with the specific needs of the BFSI sector strengthens its leadership position in the Enterprise Performance Management Market.
How do Effective Budgeting and Forecasting through EPM Tools Drive Business Growth and Sustainability?
Finance is the most dominant sector. Because of its importance in organizational planning and decision-making, Enterprise performance management (EPM) is in high demand. Budgeting, forecasting, and performance analysis are all important aspects of financial management that drive business growth and sustainability. EPM solutions help finance teams streamline these procedures by offering real-time insights and data-driven analytics to improve strategic planning.
Furthermore, the finance department’s reliance on reliable data for compliance and regulatory reporting strengthens its position in the EPM market. The incorporation of modern technologies such as AI and machine learning into EPM solutions improves financial modeling and analytical skills making them important to finance professionals. While other departments under EPM, such as HR and supply chain management are becoming increasingly important, finance remains at the forefront due to its fundamental role in performance measurement and organizational success.
Gain Access to Enterprise Performance Management Market Report Methodology:
https://www.verifiedmarketresearch.com/select-licence/?rid=193097
Country/Region-wise Acumens
How Does the Advanced Technology Infrastructure Influence the Adoption of EPM Solutions in the North American Region?
North America dominates the enterprise performance management (EPM) industry because of its advanced technology infrastructure and early embrace of digital transformation methods. The region is home to prominent EPM solution providers and tech titans who spend substantially on cutting-edge analytics, cloud-based solutions, and artificial intelligence. These technologies assist organizations in optimizing their financial planning, forecasting, and performance tracking making EPM solutions essential to strategic decision-making.
Furthermore, North America’s mature corporate environment which includes a high concentration of large firms in industries such as banking, healthcare, and retail fuels strong demand for EPM solutions. These organizations demand sophisticated tools to monitor performance, compliance, and financial operations which fuels the market’s growth. The region’s strong regulatory frameworks and emphasis on corporate governance further support the installation of sophisticated EPM systems reinforcing North America’s market leadership.
How Does the Need for Improved Data Management Impact the EPM Market in the Asia Pacific Region?
Asia Pacific is the fastest-growing region in the enterprise performance management (EPM) market owing to rapid digital transformation across several industries. The region’s growing corporate landscape which includes increased adoption of cloud-based solutions and advanced analytics is boosting demand for EPM systems. Countries such as China, India, and Southeast Asia are witnessing rapid economic expansion driving firms to seek better financial planning, performance monitoring, and decision-making capabilities. The need for improved data management and efficiency in corporate governance is driving EPM adoption in the region.
Furthermore, the growth of small and medium-sized businesses (SMEs) in Asia Pacific is driving the need for scalable and cost-effective EPM solutions. Government actions to assist digital infrastructure development together with increased knowledge of the benefits of performance management solutions are boosting the industry. Asia Pacific is the fastest-growing region in the EPM market owing to its dynamic environment and increased technological expenditures.
Competitive Landscape
The Enterprise Performance Management Market is a’s dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support. The organizations are focusing on innovating their product line to serve the vast population in diverse regions.
Some of the prominent players operating in the Enterprise Performance Management Market are:
IBM, Workday, Anaplan, Unicom Systems, Planful, Unit4, Epicor Software, Oracle, SAP, Infor.
Latest Developments
- In December 2023, OneStream announced a partnership with KPMG Spain to assist Spain-based enterprises in driving financial transformation and reducing business complexities. Additionally, as a part of this partnership, both organizations would offer advanced comprehensive solutions leveraging each other’s expertise.
- In April 2023, Oracle launched a new version of EPM Automate, featuring the addition of several new commands. These include several new commands allowing users to optimize account reconciliation, enterprise data management, enterprise profitability and cost management, profitability and cost management, tax reporting, transfer consolidation journals across closed environments, and financial consolidation
Report Scope
| Report Attributes | Details |
|---|---|
| STUDY PERIOD | 2024-2031 |
| Growth Rate | CAGR of 6.50% from 2024 to 2031 |
| Base Year for Valuation | 2023 |
| Historical Period | 2018-2022 |
| Forecast Period | 2024-2031 |
| Quantitative Units | Value in USD Million |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
| Segments Covered |
|
| Regions Covered |
|
| Key Players | IBM, Workday, Anaplan, Unicom Systems, Planful, Unit4, Epicor Software, Oracle, SAP, Infor. |
| Customization | Report customization along with purchase available upon request |
Enterprise Performance Management Market, By Category
Deployment
- Cloud-based
- On-premises
Product
- Finance
- HR
- Supply chain
- Others
Application
- BFSI
- IT & Telecom
- Retail
- Manufacturing
- Healthcare
- Others
Region
- North America
- Europe
- Asia Pacific
- Rest of the World
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
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 of 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 Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology
2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights
3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter’s Five Forces Analysis
4. Enterprise Performance Management Market, By Deployment
• Cloud-based
• On-premises
5. Enterprise Performance Management Market, By Product
• Finance
• HR
• Supply chain
• Others
6. Enterprise Performance Management Market, By Application
• BFSI
• IT & Telecom
• Retail
• Manufacturing
• Healthcare
• Others
7. Regional Analysis
• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE
8. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market
9. Competitive Landscape
• Key Players
• Market Share Analysis
10. Company Profiles
• IBM
• Workday
• Anaplan
• Unicom Systems
• Planful
• Unit4
• Epicor Software
• Oracle
• SAP
• Infor
11. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities
12. Appendix
• List of Abbreviations
• Sources and References
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
|
|
| Demand side |
|
|
Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|---|---|
|
|
