Enterprise Performance Management Market Scope
Enterprise Performance Management is a process supported through planning, reporting, and business intelligence software, which allows an organization to connect its strategy with planning and execution. Some of the key components of EPM systems include planning, budgeting, and forecasting capabilities and the ability to monitor performance measures (KPIs), provide analysis, and manage reporting. Moreover, EPM also comprises the financial close, consolidate, and report process. Ultimately, these suites of solutions are to support the business by linking the strategic plan with the annual budget and the periodic forecast using both bottom-up and a top-down methodology.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | IBM (United States), SAP SE (Germany), Oracle (United States), Workiva (United States), HCL Technologies (India), KPMG (Netherlands), SAS Institute (United States), Capgemini (France), CA Technologies (United States), Microstrategy (United States), The Hackett Group (United States), Emtec (India), Anaplan (United States), Host Analytics (United States) and Adaptive Insights (United States) |
CAGR | 10.9% |
According to AMA, the Global Enterprise Performance Management market is expected to see growth rate of 10.9%
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Enterprise Performance Management market throughout the predicted period.
IBM (United States), SAP SE (Germany), Oracle (United States), Workiva (United States), HCL Technologies (India), KPMG (Netherlands), SAS Institute (United States), Capgemini (France), CA Technologies (United States), Microstrategy (United States), The Hackett Group (United States), Emtec (India), Anaplan (United States), Host Analytics (United States) and Adaptive Insights (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Infor (United States), Longview (United States), Prophix (Canada), Vena (United States), CCH Tagetik (Italy), Prevero (United States) and Corporater (Rogaland).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Enterprise Performance Management market and Region with country level break-up.
On the basis of geography, the market of Enterprise Performance Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
Market Leaders and their expansionary development strategies
On 12 Sept. 2018, Wipro Limited, a leading global information technology, consulting and business process services company, and Anaplan, a pioneer in Connected Planning, today announced a partnership to deliver cloud-based Enterprise Performance Management (EPM) solutions that will simplify and automate core enterprise functions for clients, across industry sectors. As part of this alliance, Wipro will leverage its strong consulting and execution expertise to deploy Anaplan’s Connected Planning platform across customers’ business functions.
On 5 March 2018, Host Analytics, the leading provider of scalable, cloud-based enterprise performance management (EPM) solutions, introduced Project Orion, a revolutionary offering aimed at disrupting the EPM market by introducing the world’s first EPM product specifically designed for business users, as opposed to finance professionals.
Market Trend
- Expansion from Product to Channel And Customer Profitability Analysis
- Management Accounting’s Expanding Role With Enterprise Performance Management (EPM)
- The Shift to Predictive Accounting
Market Drivers
- Demand for Reducing Operational Costs and Adoption of Cloud-Based Solutions
- Need to Improve Business Performance and Adoption of Data-Driven Decision-Making
- Need to Make Business Strategies Transparent to All Employees
Opportunities
- Higher Adoption of Third-Party IT Platforms
- The Emerging Growth from the Developing Countries
- Higher Adoption by Small & Medium Enterprises
Restraints
- Lack of Awareness and Knowledge among Enterprises May Hinder the Growth
Challenges
- Lack of Skilled Workforce May Pose the Challenge for the Market
Key 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, End Users and Others