Enterprise Performance Management Market Size, Trends [2031]
Enterprise Performance Management Market Size, Trends [2031]
Segments - Enterprise Performance Management Market by Products (Supply Chain, Finance, and HR), Deployments (On-premise and Cloud-based), Applications (Retail, IT & Telecom, Manufacturing, and BFSI), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030
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| Report ID :ICT-SE-4469
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| 167 Pages
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Report Description
The global enterprise performance management market size was valued at USD 5,797.6 million in 2021, is projected to reach USD 10,106.5 million by 2030, expanding at a CAGR of 6.51% during the forecast period, 2022–2030. The growth of the market is attributed to the increasing focus on core business & improved scalability.
Enterprise performance management (EPM) is a strategy-to-plan-to-execution process that helps businesses, government agencies, and NGOs connect their strategies to their plans and execution. Budgeting, planning, forecasting, and modelling are examples of management processes covered by EPM. It assesses performance and aids in the formulation of well-informed decisions. The findings of EPM software may be reported to both internal and external stakeholders. In September 2020, Anaplan unveiled PlanIQ a new intelligence platform that provides sophisticated AI and Machine Learning (ML) capabilities for predictive forecasting and continuous, agile scenario modelling. Plan IQ was created to make complex analytics more approachable. It generates explainable insights and projections that is expected to help enhance plan accuracy and support confident decision-making.
The COVID-19 pandemic is a serious and urgent public health disaster. Some nations allow businesses to reopen, while others are still combating the virus. In order to preserve operational efficiency, businesses have been obliged to adapt their present ways of working and revaluate operational decisions as a result of social distance.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing operational efficiency by optimizing business processes is expected to drive the market.
- Improved profitability by reducing the operational cost is projected to propel the market during the forecast period.
- Lack of technological planning and application complexity is anticipated to hinder the market.
- High cost of deploying EPM systems is expected to hamper the market in the coming years.
- Rising requirements for regulatory compliance and security is projected to create lucrative opportunities for market players.
Scope of the Report
The report on the global enterprise performance management market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
| Attributes | Details |
| Report Title | Enterprise Performance Management Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
| Base Year | 2021 |
| Historic Data | 2019–2020 |
| Forecast Period | 2022–2030 |
| Segmentation | Products (Supply Chain, Finance, and HR), Deployments (On-premise and Cloud-based), and Applications (Retail, IT & Telecom, Manufacturing, and BFSI) |
| Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
| Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
| Key Players Covered in the Report | Epicor Software; Oracle; SAP; Infor; IBM; Workday; Anaplan; Unicom Systems; Planful; and Unit4 |
Market Segment Insights
Supply chain segment to expand at a considerable CAGR
On the basis of products, the enterprise performance management market is segmented into supply chain, finance, and HR. The supply chain segment is projected to expand at a considerable CAGR during the forecast period. The use of methodologies, procedures, measurements, and technology to build a consistent link between supply chain strategy, execution, planning, and controlling is referred to as enterprise performance management. The finance segment is anticipated to account for a major market share during the forecast period. EPM refers to the procedures that businesses use to budget, plan, predict, and report on their business performance, as well as consolidate and complete their financial statements.
Cloud-based segment to hold a significant share of the market
Based on deployments, the market is bifurcated into on-premise and cloud-based. The cloud-based segment is expected to hold a significant share of the market in the coming years, due to the increasing demand for cloud-based enterprise performance management software. The on-premise segment accounts for a significant market share, owing to increasing operational efficiency of the enterprises.
BFSI segment to expand at a substantial CAGR
On the basis of applications, the enterprise performance management market is segregated into retail, IT & telecom, manufacturing, and BFSI. The BFSI segment is anticipated to expand at a substantial CAGR during the forecast period. EPM systems assist the company in conforming to the business's compliance security criteria. The IT & telecom segment is expected to hold a significant share of the market. Data integrity and confidentiality are likewise protected by EPM systems.
Asia Pacific is anticipated to constitute a key market share
In terms of regions, the enterprise performance management market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the forecast period, owing to digital hubs in the region. The market in North America is anticipated to expand at a rapid pace during the forecast period, due to robust government support.
Segments
The global enterprise performance management market has been segmented on the basis of
Products- Supply Chain
- Finance
- HR
- On-premise
- Cloud-based
- Retail
- IT & Telecom
- Manufacturing
- BFSI
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- Epicor Software
- Oracle
- SAP
- Infor
- IBM
- Workday
- Anaplan
- Unicom Systems
- Planful
- Unit4
Competitive Landscape
Key players competing in the global enterprise performance management market are Epicor Software; Oracle; SAP; Infor; IBM; Workday; Anaplan; Unicom Systems; Planful; and Unit4.
Product launches and other organic growth tactics such as patents and events are being prioritized by a number of firms. The UNICOM Digital Transformation Toolkit (UDTT) 10.2 was released in April 2021 by UNICOM Systems, Inc. The UNICOM Digital Transformation Toolkit facilitates the creation of multichannel applications, particularly in the banking industry. It delivers customized, multichannel marketing campaigns for retail banking using runtime architecture based on IBM WebSphere Application Server. UDTT provides a development environment with design templates to enable high-volume and transactional-oriented banking services.
Frequently Asked Questions
Key players competing in the global enterprise performance management market are Epicor Software; Oracle; SAP; Infor; IBM; Workday; Anaplan; Unicom Systems; Planful; and Unit4.
Asia Pacific is expected to constitute a key share of the market during the forecast period.
Increasing operational efficiency by optimizing business processes is expected to drive the market.
The global enterprise performance management market is expanding at a CAGR of 6.51% during the forecast period, 2022–2030.
The global enterprise performance management market size was valued at USD 5,797.6 million in 2021.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Enterprise Performance Management Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Enterprise Performance Management Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Enterprise Performance Management Market - Supply Chain
4.5. Global Enterprise Performance Management Market Forecast
4.5.1. Enterprise Performance Management Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Enterprise Performance Management Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Enterprise Performance Management Market Absolute $ Opportunity
5. Global Enterprise Performance Management Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Enterprise Performance Management Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Enterprise Performance Management Demand Share Forecast, 2019-2026
6. North America Enterprise Performance Management Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Enterprise Performance Management Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Enterprise Performance Management Demand Share Forecast, 2019-2026
7. Latin America Enterprise Performance Management Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Enterprise Performance Management Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Enterprise Performance Management Demand Share Forecast, 2019-2026
8. Europe Enterprise Performance Management Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Enterprise Performance Management Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Enterprise Performance Management Demand Share Forecast, 2019-2026
9. Asia Pacific Enterprise Performance Management Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Enterprise Performance Management Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Enterprise Performance Management Demand Share Forecast, 2019-2026
10. Middle East & Africa Enterprise Performance Management Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Enterprise Performance Management Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Enterprise Performance Management Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Enterprise Performance Management Market: Market Share Analysis
11.2. Enterprise Performance Management Distributors and Customers
11.3. Enterprise Performance Management Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
Methodology
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