Enterprise Performance Management Market Size, Trends, Growth Report 2032

The global enterprise performance management market size was worth around USD 6.45 billion in 2023 and is predicted to grow to around USD 11.96 billion by 2032 with a compound annual growth rate (CAGR) of roughly 7.10% between 2024 and 2032.

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The report covers a forecast and an analysis of the enterprise performance management market on a global and regional level. The study provides historical data for 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion).

Enterprise Performance Management Market: Overview

Enterprise performance management (EPM) is related to Enterprise resource planning (ERP), which includes examining available enterprise resources and deciding how these resources can be utilized to achieve various business goals. These business goals are often related to EPM and ERP processes, which are similar in nature. For instance, the use of new technologies, staffing teams or other available resources might improve business performance in a given set of processes.

The growing need for frequent financial planning has encouraged enterprises to adopt enterprise performance management solutions. According to the recent Harvard Business Review survey, approximately 75% of organizations believe that they need regular financial planning. Enterprise performance management solutions help organizations in financial planning and make forecasts related to capital, contract, and indirect projects. It also bridges the gap between financial planning processes and project management systems. Furthermore, increasing focus on core business performance analysis is likely to drive the enterprise performance management market globally.

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Enterprise Performance Management Market Growth Dynamics

EPM delivers operational efficiencies by reducing reporting and planning efforts and automating routine tasks, and provides key performance indicators for financial closures and better assessments. Moreover, the increasing necessity of connecting budgeting and forecasting, to the business strategy is one of the prominent factors contributing to the enterprise performance management market globally. For many organizations, the company budget is the prime management system for setting short-term goals, allocating resources, and reviewing performance. Effective EPM solution does this work in lesser time. However, the lack of awareness about EPM solutions among organizations might hinder the enterprise performance management market in the future.

The study includes drivers and restraints for the enterprise performance management market along with the impact they have on the demand during the forecast period. Additionally, the report includes the study of opportunities available in the enterprise performance management market on a global level.

In order to give the users of this report a comprehensive view of the enterprise performance management market, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the enterprise performance management market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness. 

Enterprise Performance Management Market: Segmentation

The enterprise performance management market is segmented based on component, function, end-user, and region.

By component, the global enterprise performance management market is bifurcated into software and services.

By function, the market is divided into sales and marketing, operation, finance, supply chain, human resource, and others.

By end-user, this market includes BFSI, retail and e-commerce, telecom, manufacturing, transportation and logistics, and others.

Enterprise Performance Management Market: Report Scope

Enterprise Performance Management Market: Regional Analysis

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with their further bifurcation into major countries.

By geography, the global enterprise performance management market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is likely to hold the largest share in the overall market for enterprise performance management. Increasing adoption of digital transformation by North American organizations is driving the enterprise performance management market in the region. Investing in digital technologies, resources, and assets, improvements made to the existing talent and recruiting external digital talent are the three major factors contributing to the growth of digital transformation among the North American companies. Furthermore, increasing investments made in enterprise resource planning by companies in North America has propelled the demand for enterprise performance management solutions in the region.

Enterprise Performance Management Market: Competitive Analysis

The report covers a detailed competitive outlook including company profiles of the key participants operating in the global enterprise performance management market. The key players profiled in the global enterprise performance management market are:

• IBM
• SAP
• Oracle
• Workiva
• SAS Institute
• Capgemini
• CA Technologies
• HCL Technologies
• KPMG
• MicroStrategy
• The Hackett Group
• Emtec
• Among others

This report segments the global enterprise performance management market as follows:

Global Enterprise Performance Management Market: Component Segment Analysis

• Software
• Services

Global Enterprise Performance Management Market: Function Segment Analysis

• Sales & Marketing
• Operation
• Finance
• Supply Chain
• Human Resource
• Others

Global Enterprise Performance Management Market: End-User Segment Analysis

• BFSI
• Retail & E-commerce
• Telecom
• Manufacturing
• Transportation & Logistics
• Others

Global Enterprise Performance Management Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa