About Corporate Performance Management (CPM) Software
Corporate performance management (CPM) also known as business performance management (BPM) or enterprise performance management (EPM). It is a part of business intelligence (BI) which is involved with managing and evaluating an organization's performance. The performance indicators deal with different aspects such as return on investment (ROI), revenue, overhead, and operational costs. Once the CPM software is implemented it links the strategies of an organization to their plans and execution, therefore helping organizations to prosper. Further, with the booming retail e-commerce industry and the growing adoption of cloud analytics in business processes is anticipated to drive the CPM market in the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 10.82% |
The CPM market is highly fragmented with several market players. The competitive threat is a crucial part of the global CPM market. The market is expected to witness robust growth on global level as the market players are still far away from tapping into several potential opportunities in the Cloud based CPM software market. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Corporate Performance Management (CPM) Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
International Business Machines Corporation (United States), SAP SE (Germany), Oracle Corporation (United States), SAS Institute (United States), Adaptive Insights (United States), EcoSys Management LLC (United States), Longview Solutions (Canada), Sightline Systems (United States), VisualCue Technologies (United States) and Anaplan (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are OneStream Software (United States), Pentana Performance (Ideagen) (United Kingdom), Kepion Solution (United States), ProForecast (United Kingdom) and Prophix Software, Inc. (Canada).
Segmentation Overview
AMA Research has segmented the market of Global Corporate Performance Management (CPM) Software market by Type (Cloud-based and On-Premises), Application (Small Enterprises, Medium Enterprises and Large Enterprises) and Region.
On the basis of geography, the market of Corporate Performance Management (CPM) Software 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement.
If we see Market by , the sub-segment i.e. will boost the Corporate Performance Management (CPM) Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Growing Need for Frequent Financial Planning & Real time Business Performance Analysis and Rising Popularity of CPM Solution among Large and SMEs
Market Growth Drivers:
Surging Demand for Constant Planning from Organizations, Growing Adoption of Cloud based CPM Solutions among Enterprises and Increasing Efforts to Reduce Operational Costs by the Companies
Challenges:
Lack of Awareness among Small Organizations about CPM Software Solution and Services
Restraints:
Security and Privacy Concerns of the Data Fetched Using CPM Software
Opportunities:
High Efficiency of CPM software in Analyzing historic as well as Present Marketing Programs along with Campaign Performance
Market Leaders and their expansionary development strategies
June 2019, Honeywell has launched Honeywell Forge, the first in a new category of software the company, Enterprise Performance Management for Operations Technology. Honeywell Forge will use asset and process control technology to aid in getting work done by owners and operators of buildings, airlines, industrial facilities, and other assets and infrastructure.
According to the IFS Digital Change Survey 2017, approximately 41% of organizations in all industries in North America are likely to invest in enterprise resource planning. and August 2018, Prophix Software, a global leader in Corporate Performance Management (CPM) software, announced today the availability of new Performance Reporting features. Performance Reporting, the next level of management reporting, focuses on the why behind financial results. Expanding upon the benefits of Integrated Financial Planning, Performance Reporting links financial and operational collaboration and data to create a narrative, making reports more actionable. The Performance Reporting suite includes Workflow Comments, Cell Comments, Line Item Details, and the newest Row Notes feature.
Key Target Audience
CPM Software Service Providers, Venture Capitalists, Third Party Resellers, Potential Investors, Investment Bankers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.