The enterprise performance management global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Enterprise Performance Management Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The enterprise performance management market size has grown strongly in recent years. It will grow from <b>$6.81 billion in 2023 to $7.31 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. </b> The growth in the historic period can be attributed to operational efficiency goals, demand for performance measurement, adoption of balanced scorecard methodologies , improved data visualization, focus on customer relationship management.
The enterprise performance management market size is expected to see strong growth in the next few years. It will grow to <b>$9.81 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. </b> The growth in the forecast period can be attributed to continues shift to cloud-based solutions, mobile-centric solutions, heightened data security measures, sustainability integration, demand for integrated platforms . Major trends in the forecast period include integration of advanced analytics, cloud-based solutions adoption, focus on real-time data, integration of business intelligence, strategic planning enhancement.
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Scope Of Enterprise Performance Management Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Enterprise Performance Management Market Overview
Market Drivers –
The increase in requirements for regulatory compliance and security are driving the enterprise performance management market. Regulatory compliance and security are a continual process of adhering to pertinent local, state, national, and international laws, security protocols, and business regulations. Enterprise performance management helps report compliance to demonstrate that the business complies with the conditions set forth by a governmental or regulatory body under a specific regulation. For instance, in May 2021, according to a report published by Gartner, a management consulting company, spending on security services grew to $72,497 million in 2021. Therefore, increasing regulatory compliance and security requirements will propel the growth of the enterprise performance management market.
Market Trends –
Technological advancement is a key trend gaining popularity in the enterprise performance management market. Major companies in the enterprise performance management market are advancing towards cloud-based enterprise performance management to gain a competitive edge in the market. For instance, in September 2021, Oracle, a US-based company operating in Enterprise Performance Management (EPM), introduced various innovative features for its Oracle Fusion Cloud ERP and EPM solutions, expanding its EPM platform. The innovative features include new enhancements to EPM enterprise journals, Intelligent Document Recognition (IDR) features, Fusion ERP’s analytics capabilities, Intelligent Performance Management (IPM) tools, compliance APIs, and risk management.
The enterprise performance management market covered in this report is segmented –
1) By Component: Solutions/ Software, Services
2) By Deployment: On-premise, Cloud
3) By Application: Enterprise Planning and Budgeting, Financial Consolidation, Reporting and Compliance, Integrated Performance Management System, Other Applications
4) By Industry Vertical: BFSI, IT and Telecom, Retail, Manufacturing, Healthcare, Energy and Utilities, Other Verticals
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Regional Insights –
North America was the largest region in the enterprise performance management market share in 2023. The regions covered in the enterprise performance management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the enterprise performance management market report are Oracle Corporation, IBM Corporation, Infor Inc., SAP AG, Anaplan Inc., Workday Inc., Unicom Systems Inc., Planful, Workiva Inc., Unit4, BOARD International SA, Adaptive Insights Inc., Host Analytics Inc., SAS Institute Inc., Epicor Software Corporation, OneStream Software LLC, BearingPoint, Vena, Prophix, Jedox, Planview Enterprise One, Microsoft, Tagetik, Longview Solutions, CCH Tagetik, MicroStrategy, QlikView, Tableau, TIBCO Spotfire, Information Builders
Table of Contents
1. Executive Summary
2. Enterprise Performance Management Market Report Structure
3. Enterprise Performance Management Market Trends And Strategies
4. Enterprise Performance Management Market – Macro Economic Scenario
5. Global Enterprise Performance Management Market Size and Growth
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31. Global Enterprise Performance Management Market Competitive Benchmarking
32. Global Enterprise Performance Management Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Enterprise Performance Management Market
34. Enterprise Performance Management Market Future Outlook and Potential Analysis
35. Appendix
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