The enterprise performance management market size has been experiencing robust growth in recent years. It is predicted to rise from $7.14 billion in 2024 to $7.58 billion in 2025, recording a compound annual growth rate (CAGR) of 6.1%. This growth trend during the historic period can be attributed to the operational efficiency goals, heightened focus on customer relationship management, and the increasing demand for performance measurement, adoption of balanced scorecard methodologies, and improved data visualization.
The market is forecast to continue its strong growth trajectory, scaling to $10.81 billion in 2029 at a CAGR of 9.3%. The key drivers during this period will include the continuing shift to cloud-based solutions, mobile-centric solutions, heightened data security measures, sustainability integration, and demand for integrated platforms. Major emerging trends include the integration of advanced analytics, cloud-based solutions adoption, focus on real-time data, business intelligence integration, and strategic planning enhancement.
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What are the Key Drivers for the Enterprise Performance Management Market Growth?
The increase in requirements for regulatory compliance and security are major factors propelling the enterprise performance management market. Regulatory compliance and security involve a continuous alignment with local, state, national, and international laws, security protocols, and business regulations. Enterprise performance management aids companies in demonstrating compliance by adhering to the regulations set by governmental or regulatory bodies. With the rise of data security threats such as cyber-related incidents, it is crucial for businesses to maintain and demonstrate regulatory compliance and security, further driving the growth of the enterprise performance management market.
What are the Major Segments in the Enterprise Performance Management Market?
The enterprise performance management market covers:
1) By Component: Solutions Or 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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Who are the Major Players in the Enterprise Performance Management Market?
Some of the major companies operating in the enterprise performance management market include 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, Longview Solutions, MicroStrategy, QlikView, Tableau, and TIBCO Spotfire.
What Technological Advancements are Transforming the Enterprise Performance Management Market?
One of the key trends is the technological advancement in the enterprise performance management market. Major market players are increasingly adopting cloud-based solutions to maintain a competitive edge. For example, in May 2023, IBM introduced Hybrid Cloud Mesh, a new SaaS solution aimed at managing hybrid multicloud infrastructures. This service provides secure, scalable, seamless connections for applications across various environments, enhancing application performance, cost, and availability.
Which Region Dominates the Enterprise Performance Management Market?
In 2024, North America was the largest region in the enterprise performance management market. The report covers various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Enterprise Performance Management Market Report 2025 Offer?
Enterprise Performance Management (EPM) is a process that enables an organization to align its strategy with planning and execution through a combination of planning, reporting, and business intelligence software. This constitutes an integrated technical and functional performance monitoring process within an organization. The Enterprise Performance Management Market research report from The Business Research Company provides insights on global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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