HOME Top Market Reports Enterprise Performance Management Market by Application (Enterprise Planning &Budgeting, Financial Consolidation, Financial Reporting & Compliance), Business Function, Component, Deployment Mode, Vertical, and Region - Global Forecast to 2023

Enterprise Performance Management Market by Application (Enterprise Planning &Budgeting, Financial Consolidation, Financial Reporting & Compliance), Business Function, Component, Deployment Mode, Vertical, and Region - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: October 2018
Report Code: TC 6658

 

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[184 Pages Report] MarketsandMarkets forecasts the global Enterprise Performance Management (EPM) market size to reach USD 11.72 billion by 2023 from USD 6.44 billion in 2017, growing at a Compound Annual Growth Rate (CAGR) of 10.0% during the forecast period. The base year considered for the study is 2017 and the forecast period is 2018–2023.

The increasing adoption of EPM solutions for improving business performance and rising adoption of data-driven decision making are major factors expected to drive the growth of the global Enterprise Performance Management market.

The objective of the report is to define, describe, and forecast the size of the EPM market by application, business function, component, deployment mode, enterprise size, vertical, and region. The report also aims at providing detailed information about the major factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the EPM market.

The research methodology used to estimate and forecast the global Enterprise Performance Management market size began with capturing data from key vendors’ revenue through secondary research, annual reports, government publishing sources, the Institute of Electrical and Electronics Engineers (IEEE), Factiva, Bloomberg, and press releases. The vendor offerings were also considered to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall global EPM market size from the revenues of key market players. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key individuals, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The figure below depicts the break-up of the profiles of primary participants:

Enterprise Performance Management Market

To know about the assumptions considered for the study, download the pdf brochure

Major vendors in the global Enterprise Performance Management market include SAP (Germany), IBM (US), Oracle (US), Workiva (US), Adaptive Insights (US), Anaplan(US), Host Analytics (US), Infor (US), Longview (Canada), CCH Tagetik (Italy), Prevero (Germany), Prophix (Canada), Vena (Canada), Kaufman Hall (US), Deloitte (US), BOARD (Switzerland), Corporater (Norway), HCL (India), SAS Institute (US), MicroStrategy (US), Capgemini (France), CA Technologies (US), The Hackett Group (US), Emtec (US), and KPMG (UK).

Target Audience:

  • Enterprise performance management vendors
  • Chief Financial Officers (CFOs)
  • Managed service providers
  • Small and Medium-sized Enterprises (SMEs)
  • Value-added resellers
  • Third-party service providers

“The study answers several questions for stakeholders; primarily, which market segments to focus on in the next 2 to 5 years for prioritizing their efforts and investments.”

Scope of the Report

The report segments the global Enterprise Performance Management market by application, business function, component, deployment mode, enterprise size, vertical, and region:

By Application

  • Enterprise Planning and Budgeting
  • Financial Consolidation
  • Financial Reporting and Compliance
  • Supply Chain Performance Management
  • Predictive Analytics
  • Others (workforce planning, cost and profitability management, and risk strategy management)

By Business Function

  • Finance
  • Human Resource (HR)
  • Supply Chain
  • Sales and Marketing
  • Others (IT, operations, and support and maintenance)

By Component

  • Solutions
  • Services
    • Professional Services
    • Managed Services

By Deployment Mode

  • Cloud
  • On-premises

By Enterprise Size

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

By Vertical

  • Banking, Financial Services, and Insurance (BFSI)
  • Retail and eCommerce
  • IT and Telecommunications
  • Manufacturing
  • Healthcare and Life Sciences
  • Others (food and beverage, government, energy and utilities, construction, automotive, legal, logistics, travel and hospitality, agriculture, education, and non-profit organizations)

By Region

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Middle East and Africa (MEA)
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakdown of the North American Enterprise Performance Management market
  • Further breakdown of the European EPM market
  • Further breakdown of the APAC EPM market
  • Further breakdown of the MEA EPM market
  • Further breakdown of the Latin American EPM market

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Research Assumptions
    2.4 Limitations

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 35)
    4.1 Attractive Opportunities in the Enterprise Performance Management Market
    4.2 Market Top 3 Verticals
    4.3 Market Top 3 Business Functions and Regions
    4.4 Market Potential, By Region
    4.5 Market By Deployment Mode
    4.6 Market By Business Function
    4.7 Market Investment Scenario

5 Market Overview and Industry Trends (Page No. - 39)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Demand for Reducing Operational Costs and Adoption of Cloud-Based Solutions
                    5.2.1.2 Need to Improve Business Performance and Adoption of Data-Driven Decision-Making
                    5.2.1.3 Need to Make Business Strategies Transparent to All Employees
           5.2.2 Restraints
                    5.2.2.1 Lack of Awareness and Knowledge Among Enterprises
                    5.2.2.2 Competition From Big Epm Software Vendors
           5.2.3 Opportunities
                    5.2.3.1 Higher Adoption By SMEs
                    5.2.3.2 Higher Adoption of Third-Party IT Platforms
           5.2.4 Challenges
                    5.2.4.1 Lack of Skilled Workforce
    5.3 Use Cases
           5.3.1 Introduction
                    5.3.1.1 Use Case: Scenario 1
                    5.3.1.2 Use Case: Scenario 2
                    5.3.1.3 Use Case: Scenario 3
                    5.3.1.4 Use Case: Scenario 4
                    5.3.1.5 Use Case: Scenario 5
                    5.3.1.6 Use Case: Scenario 6
    5.4 Regulatory Implications
           5.4.1 Introduction
           5.4.2 General Data Protection Regulation (GDPR)
           5.4.3 Solvency II
           5.4.4 Federal Financial Management Improvement Act (FFMIA)
           5.4.5 Governance, Risk, and Compliance (GRC)
           5.4.6 Generally Accepted Accounting Principles (GAAP)
           5.4.7 International Financial Reporting Standards (IRFS 16)
           5.4.8 Sarbanes–Oxley Act (SOX)

6 Enterprise Performance Management Market, By Application (Page No. - 47)
    6.1 Introduction
    6.2 Enterprise Planning and Budgeting
    6.3 Financial Consolidation
    6.4 Financial Reporting and Compliance
    6.5 Supply Chain Performance Management
    6.6 Predictive Analytics
    6.7 Others

7 Market By Business Function (Page No. - 55)
    7.1 Introduction
    7.2 Finance
    7.3 Human Resources
    7.4 Supply Chain
    7.5 Sales and Marketing
    7.6 Others

8 Enterprise Performance Management Market, By Component (Page No. - 61)
    8.1 Introduction
    8.2 Solutions
    8.3 Services
           8.3.1 Professional Services
           8.3.2 Managed Services

9 Market By Deployment Mode (Page No. - 66)
    9.1 Introduction
    9.2 Cloud
    9.3 On-Premises

10 Enterprise Performance Management Market, By Enterprise Size (Page No. - 70)
     10.1 Introduction
     10.2 Small and Medium-Sized Enterprises
     10.3 Large Enterprises

11 Market By Vertical (Page No. - 74)
     11.1 Introduction
     11.2 Banking, Financial Services, and Insurance
     11.3 Retail and Ecommerce
     11.4 IT and Telecommunications
     11.5 Media and Entertainment
     11.6 Manufacturing
     11.7 Healthcare and Life Sciences
     11.8 Others

12 Enterprise Performance Management Market, By Region (Page No. - 82)
     12.1 Introduction
     12.2 North America
             12.2.1 United States
             12.2.2 Canada
     12.3 Europe
             12.3.1 United Kingdom
             12.3.2 Germany
             12.3.3 Switzerland
             12.3.4 Rest of Europe
     12.4 Asia Pacific
             12.4.1 China
             12.4.2 Australia
             12.4.3 Japan
             12.4.4 Rest of Asia Pacific
     12.5 Middle East and Africa
             12.5.1 United Arab Emirates
             12.5.2 Israel
             12.5.3 Rest of Middle East and Africa
     12.6 Latin America
             12.6.1 Brazil
             12.6.2 Mexico
             12.6.3 Rest of Latin America

13 Competitive Landscape (Page No. - 114)
     13.1 Overview
     13.2 Top Players Operating in the Enterprise Performance Management Market
     13.3 Competitive Scenario
             13.3.1 New Product/Service Launches and Product/Service Enhancements
             13.3.2 Partnerships
             13.3.3 Acquisitions
             13.3.4 Business Expansions

14 Company Profiles (Page No. - 120)
(Business Overview, Products and Solutions Offered, Recent Developments, MnM View, SWOT Analysis)*
     14.1 IBM
     14.2 SAP
     14.3 Oracle
     14.4 Workiva
     14.5 SAS Institute
     14.6 Capgemini
     14.7 CA Technologies
     14.8 HCL Technologies
     14.9 KPMG
     14.10 Microstrategy
     14.11 The Hackett Group
     14.12 Emtec
     14.13 Adaptive Insights
     14.14 Anaplan
     14.15 Host Analytics
     14.16 Infor
     14.17 Longview
     14.18 CCH Tagetik
     14.19 Prevero
     14.20 Prophix
     14.21 Vena
     14.22 Kaufman Hall
     14.23 Deloitte
     14.24 Board
     14.25 Corporater

*Business Overview, Products and Solutions Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 175)
     15.1 Industry Excerpts
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Available Customizations
     15.5 Related Reports
     15.6 Author Details


List of Tables (89 Tables)

Table 1 United States Dollar Exchange Rate, 2015–2018
Table 2 Global Market Size and Growth Rate, 2016–2023
Table 3 Enterprise Performance Management Market Size, By Application, 2016–2023 (USD Million)
Table 4 Enterprise Planning and Budgeting: Market Size By Region, 2016–2023 (USD Million)
Table 5 Financial Consolidation: Market Size By Region, 2016–2023 (USD Million)
Table 6 Financial Reporting and Compliance: Market Size By Region, 2016–2023 (USD Million)
Table 7 Supply Chain Performance Management: Market Size By Region, 2016–2023 (USD Million)
Table 8 Predictive Analytics: Market Size By Region, 2016–2023 (USD Million)
Table 9 Others: Market Size By Region, 2016–2023 (USD Million)
Table 10 Enterprise Performance Management Market Size, By Business Function, 2016–2023 (USD Million)
Table 11 Finance: Market Size By Region, 2016–2023 (USD Million)
Table 12 Human Resources: Market Size By Region, 2016–2023 (USD Million)
Table 13 Supply Chain: Market Size By Region, 2016–2023 (USD Million)
Table 14 Sales and Marketing: Market Size By Region, 2016–2023 (USD Million)
Table 15 Others: Market Size By Region, 2016–2023 (USD Million)
Table 16 Enterprise Performance Management Market Size, By Component, 2016–2023 (USD Million)
Table 17 Solutions: Market Size By Region, 2016–2023 (USD Million)
Table 18 Services: Market Size By Type, 2016–2023 (USD Million)
Table 19 Professional Services Market Size, By Region, 2016–2023 (USD Million)
Table 20 Managed Services Market Size, By Region, 2016–2023 (USD Million)
Table 21 Enterprise Performance Management Market Size, By Deployment Mode, 2016–2023 (USD Million)
Table 22 Cloud: Market Size By Region, 2016–2023 (USD Million)
Table 23 On-Premises: Market Size By Region, 2016–2023 (USD Million)
Table 24 Market Size By Enterprise Size, 2016–2023 (USD Million)
Table 25 Small and Medium-Sized Enterprises: Market Size By Region, 2016–2023 (USD Million)
Table 26 Large Enterprises: Market Size By Region, 2016–2023 (USD Million)
Table 27 Enterprise Performance Management Market Size, By Vertical, 2016–2023 (USD Million)
Table 28 Banking, Financial Services, and Insurance: Market Size By Region, 2016–2023 (USD Million)
Table 29 Retail and Ecommerce: Market Size By Region, 2016–2023 (USD Million)
Table 30 IT and Telecommunications: Market Size By Region, 2016–2023 (USD Million)
Table 31 Media and Entertainment: Market Size By Region, 2016–2023 (USD Million)
Table 32 Manufacturing: Market Size By Region, 2016–2023 (USD Million)
Table 33 Healthcare and Life Sciences: Market Size By Region, 2016–2023 (USD Million)
Table 34 Others: Market Size By Region, 2016–2023 (USD Million)
Table 35 Enterprise Performance Management Market Size, By Region, 2016–2023 (USD Million)
Table 36 North America: Number of Enterprises Using Peoplesoft Enterprise Management, By Country, 2017
Table 37 North America: Number of Enterprises By Country, 2016
Table 38 North America: Market Size By Country, 2016–2023 (USD Million)
Table 39 North America: Market Size By Application, 2016–2023 (USD Million)
Table 40 North America: Market Size By Business Function, 2016–2023 (USD Million)
Table 41 North America: Market Size By Component, 2016–2023 (USD Million)
Table 42 North America: Market Size By Service, 2016–2023 (USD Million)
Table 43 North America: Market Size By Deployment Mode, 2016–2023 (USD Million)
Table 44 North America: Market Size By Enterprise Size, 2016–2023 (USD Million)
Table 45 North America: Market Size By Vertical, 2016–2023 (USD Million)
Table 46 Europe: Number of Enterprises Using Peoplesoft Enterprise Management, By Country, 2017
Table 47 Europe: SMEs and Large Enterprises: Number of Enterprises, Employment, and Value Added in 2016 in the Eu-28 Non-Financial Business Sector
Table 48 Europe: Number of Enterprises By Country, 2016
Table 49 Europe: Enterprise Performance Management Market Size, By Country, 2016–2023 (USD Million)
Table 50 Europe: Market Size By Application, 2016–2023 (USD Million)
Table 51 Europe: Market Size By Business Function, 2016–2023 (USD Million)
Table 52 Europe: Market Size By Component, 2016–2023 (USD Million)
Table 53 Europe: Market Size By Service, 2016–2023 (USD Million)
Table 54 Europe: Market Size By Deployment Mode, 2016–2023 (USD Million)
Table 55 Europe: Market Size By Enterprise Size, 2016–2023 (USD Million)
Table 56 Europe: Market Size By Vertical, 2016–2023 (USD Million)
Table 57 Asia Pacific: Number of Enterprises Using Peoplesoft Enterprise Management, By Country, 2017
Table 58 Asia Pacific: Number of Enterprises By Country, 2016
Table 59 Asia Pacific: Enterprise Performance Management Market Size, By Country, 2016–2023 (USD Million)
Table 60 Asia Pacific: Market Size By Application, 2016–2023 (USD Million)
Table 61 Asia Pacific: Market Size By Business Function, 2016–2023 (USD Million)
Table 62 Asia Pacific: Market Size By Component, 2016–2023 (USD Million)
Table 63 Asia Pacific: Market Size By Service, 2016–2023 (USD Million)
Table 64 Asia Pacific: Market Size By Deployment Mode, 2016–2023 (USD Million)
Table 65 Asia Pacific: Market Size By Enterprise Size, 2016–2023 (USD Million)
Table 66 Asia Pacific: Market Size By Vertical, 2016–2023 (USD Million)
Table 67 Middle East and Africa: Number of Enterprises By Country, 2016
Table 68 Middle East and Africa: Enterprise Performance Management Market Size, By Country, 2016–2023 (USD Million)
Table 69 Middle East and Africa: Market Size By Application, 2016–2023 (USD Million)
Table 70 Middle East and Africa: Market Size By Business Function, 2016–2023 (USD Million)
Table 71 Middle East and Africa: Market Size By Component, 2016–2023 (USD Million)
Table 72 Middle East and Africa: Market Size By Service, 2016–2023 (USD Million)
Table 73 Middle East and Africa: Market Size By Deployment Mode, 2016–2023 (USD Million)
Table 74 Middle East and Africa: Market Size By Enterprise Size, 2016–2023 (USD Million)
Table 75 Middle East and Africa: Market Size By Vertical, 2016–2023 (USD Million)
Table 76 Latin America: Number of Enterprises By Country, 2016
Table 77 Latin America: Enterprise Performance Management Market Size, By Country, 2016–2023 (USD Million)
Table 78 Latin America: Market Size By Application, 2016–2023 (USD Million)
Table 79 Latin America: Market Size By Business Function, 2016–2023 (USD Million)
Table 80 Latin America: Market Size By Component, 2016–2023 (USD Million)
Table 81 Latin America: Market Size By Service, 2016–2023 (USD Million)
Table 82 Latin America: Market Size By Deployment Mode, 2016–2023 (USD Million)
Table 83 Latin America: Market Size By Enterprise Size, 2016–2023 (USD Million)
Table 84 Latin America: Market Size By Vertical, 2016–2023 (USD Million)
Table 85 Vendor Ranking for Enterprise Performance Management Market, 2018
Table 86 New Product/Service Launches and Product/Service Enhancements, 2015–2018
Table 87 Partnerships, 2016–2017
Table 88 Acquisitions, 2016–2018
Table 89 Business Expansions, 2018


List of Figures (57 Figures)

Figure 1 Global Enterprise Performance Management Market Segmentation
Figure 2 Global Market Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Enterprise Performance Management Market: Assumptions
Figure 8 North America is Estimated to Have the Largest Market Share in 2018
Figure 9 Market Snapshot By Application, 2017
Figure 10 Market Snapshot By Business Function, 2017
Figure 11 Market Snapshot By Component, 2017
Figure 12 Market Snapshot By Service, 2017
Figure 13 Market Snapshot By Deployment Mode, 2017
Figure 14 Market Snapshot By Enterprise Size, 2017
Figure 15 Market Snapshot By Vertical, 2017
Figure 16 Focus on Improving Business Performance and Data-Driven Decision-Making Process are Expected to Drive the Enterprise Performance Management Market During the Forecast Period
Figure 17 Retail and Ecommerce Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 18 Finance and North America are Estimated to Have the Largest Market Shares in the Enterprise Performance Management Market in 2018
Figure 19 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 20 Cloud Deployment Mode is Expected to Hold the Larger Market Size During the Forecast Period
Figure 21 Finance Business Function is Estimated to Have the Largest Market Share in 2018
Figure 22 Market Investment Scenario: Asia Pacific is Expected to Be the Best Market for Investments During the Forecast Period
Figure 23 Enterprise Performance Management Market: Drivers, Restraints, Opportunities, and Challenges
Figure 24 Financial Consolidation Application is Expected to Register the Highest CAGR During the Forecast Period
Figure 25 Human Resources Business Function is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 26 Services Segment is Expected to Exhibit A Higher CAGR During the Forecast Period
Figure 27 Professional Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 28 Cloud Deployment Mode is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 29 Large Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 30 Retail and Ecommerce Vertical is Expected to Register the Highest CAGR During the Forecast Period
Figure 31 Asia Pacific is Expected to Register the Highest CAGR During the Forecast Period
Figure 32 China is Expected to Register the Highest CAGR During the Forecast Period
Figure 33 North America: Market Snapshot
Figure 34 Human Resources Business Function is Expected to Register the Fastest Growth Rate in North America During the Forecast Period
Figure 35 Finance Business Function is Expected to Grow at the Highest CAGR in Europe During the Forecast Period
Figure 36 Asia Pacific: Market Snapshot
Figure 37 Human Resources Business Function is Expected to Register the Highest CAGR in Asia Pacific During the Forecast Period
Figure 38 Finance Business Function is Estimated to Register the Fastest Growth Rate in Middle East and Africa During the Forecast Period
Figure 39 Finance Business Function is Expected to Register the Highest CAGR in Latin America During the Forecast Period
Figure 40 Key Developments By the Leading Players in the Enterprise Performance Management Market During 2015–2018
Figure 41 IBM: Company Snapshot
Figure 42 IBM: SWOT Analysis
Figure 43 SAP: Company Snapshot
Figure 44 SAP: SWOT Analysis
Figure 45 Oracle: Company Snapshot
Figure 46 Oracle: SWOT Analysis
Figure 47 Workiva: Company Snapshot
Figure 48 Workiva: SWOT Analysis
Figure 49 SAS Institute: Company Snapshot
Figure 50 SAS Institute: SWOT Analysis
Figure 51 Capgemini: Company Snapshot
Figure 52 CA Technologies: Company Snapshot
Figure 53 HCL Technologies: Company Snapshot
Figure 54 KPMG: Company Snapshot
Figure 55 Microstrategy: Company Snapshot
Figure 56 The Hackett Group: Company Snapshot
Figure 57 Deloitte: Company Snapshot

MarketsandMarkets forecasts the global Enterprise Performance Management market size to grow from USD 7.28 billion in 2018 to USD 11.72 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 10.0% during the forecast period. The major factors expected to drive the market growth  include the demand for reducing operational costs and adoption of cloud-based solutions, need to improve business performance and adoption of data-driven decision making and need to make business strategies transparent to all employees.

Major EPM applications are enterprise planning and budgeting, financial consolidation, financial reporting and compliance, supply chain performance management, predictive analytics, and others (workforce planning, profitability and cost management, and risk strategy management). The enterprise planning and budgeting application is expected to hold the largest market size during the forecast period. The increasing demand for data-driven decision making and faster response to changes in customer preferences and needs is expected to increase the adoption of the enterprise planning and budgeting application.

The Enterprise Performance Management market by business function has been segmented into finance, Human Resource (HR), supply chain, sales and marketing, and others, which include IT, operations, and support and maintenance. The HR segment to grow at the highest CAGR, as the HR department needs to maximize the potential of their workforce while increasing efficiency. EPM solutions offer better insights into human capital performance and streamline HR processes, right from recruitment to retirement.

Based on components, the Enterprise Performance Management market has been segmented into solutions and services. The services segment to grow at a higher CAGR during the forecast period, due to the growing technology advancements. The services segment is further sub-segmented into professional services and managed services.

The EPM market by deployment mode has been categorized into 2 segments, namely, cloud and on-premises. The cloud deployment mode is expected to hold the larger market size during the forecast period. The adoption of the cloud delivery model is growing rapidly, as organizations are focusing on deploying cost-effective and scalable solutions. The Enterprise Performance Management market by enterprise size has been segmented into large enterprises and Small and Medium-sized Enterprises (SMEs). The large enterprises segment to grow at a higher CAGR during the forecast period. The increasing need to improve business performance and rising adoption of data-driven decision making are expected to drive the adoption of EPM solutions among large enterprises.

Enterprise Performance Management Market

North America to hold the largest market size, while APAC to grow at the highest CAGR during the forecast period. The presence of a maximum number of EPM vendors in North America and need to enhance the overall business performance by extracting insights from organizations’ internal as well as external data are expected to increase the adoption of EPM solutions in the region. In APAC, the growth rate can be attributed to various factors, including the adoption of advanced technologies, economic developments, rapid digitalization, and high investments by EPM solution providers.

On the basis of verticals, the Enterprise Performance Management market is segmented into BFSI, retail and eCommerce, IT and telecommunications, media and entertainment, manufacturing, healthcare and life sciences, and others (food and beverage, government, energy and utilities, construction, automotive, legal, logistics, travel and hospitality, agriculture, education, and non-profit organizations). The retail and eCommerce vertical to hold the largest market size during the forecast period. Retailers face immense pressure to balance their inventory levels, sales performance, vendor management, conversion rates, transactions, and potential stock; thus, they require EPM solutions to extract real-time insights from their sales and operational performance for making better decisions.

The global Enterprise Performance Management market faces many challenges, including competition from big EPM software vendors and the lack of awareness and knowledge of EPM solutions among enterprises may hinder the growth of the market.

Major vendors in the global Enterprise Performance Management market include SAP (Germany), IBM (US), Oracle (US), Workiva (US), Adaptive Insights (US), Anaplan(US), Host Analytics (US), Infor (US), Longview (Canada), CCH Tagetik (Italy), Prevero (Germany), Prophix (Canada), Vena (Canada), Kaufman Hall (US), Deloitte (US), BOARD (Switzerland), Corporater (Norway), HCL (India), SAS Institute (US), MicroStrategy (US), Capgemini (France), CA Technologies (US), The Hackett Group (US), Emtec (US), and KPMG (UK). These vendors have adopted various organic and inorganic growth strategies, including new product launches, partnerships and collaborations, and mergers and acquisitions, to expand their presence in the global EPM market.

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