The Enterprise Performance Management Market

Enterprise Performance Management (EPM) is a process developed to help organizations such as companies, government entities and nonprofit organizations associate their strategies to their plans and execution. EPM consists of management processes such as planning forecasting, budgeting, and modeling. Moreover, it includes consolidating results and closing books. Furthermore, it analyzes the performance and supports in making informed decisions. Additionally, EPM software allows reporting the results to internal as well as external shareholders. Enterprise Performance Management systems assists business processes by allowing enterprises to manage and automate day-to-day business activities from a single, integrated software application, enhancing operational efficiency and improving business performance by ensuring precise business planning and reporting. Moreover, this software assists map the goals with the present version, helping users in understanding and attain the perspectives of the work to get the desired results. EPM systems offer a streamlined business process which avoids the risk of manual errors and gives quicker response time to decision-makers in the organization. Moreover, it provides predictive analytics to reduce the time spent on the finance function allowing more focus on higher-value tasks. Automating the business processes provides real-time information on business needs. As data acts as a key metric to measure business performance, EPM systems collects and combines data automatically, minimizing execution time. EPM assists in managing and understanding the data gathered through several business processes to make better business decisions, improving the organization’s performance and efficiency and providing a competitive position in the market. Thus, the global enterprise performance management market is anticipated to be driven by rising operational efficiency by optimizing business processes. In addition, the EPM software is required to resolve the dearth of strategic focus among the major executives’ employees. The transparency associated to business strategies can be delivered through the scorecards and dashboards of the EPM software. This results in strategic growth and increases the productivity of employees as per the rules set by the organization. As a result, making business strategy transparent to all employees propels the global enterprise performance management market growth. However, the high cost incurred in the deployment of enterprise performance management systems will limit the market growth. 

Furthermore, the rising demand for mobility solutions is leading to the increasing adoption of cloud-based EPM software. On-premises enterprise performance management software lacked application programming interfaces or integrated technologies to link them to mobile devices. Organizations are inclining towards a flexible work environment after the outbreak of the COVID-19 pandemic. Hence, the cloud-based EPM solutions are designed to help organizations to rapidly grow and break through geographic constraints which provide growth opportunities for the EPM market.

The global Enterprise Performance Management Market is segregated on the basis of component as Software and Service. Based on Deployment the global Enterprise Performance Management Market is segmented in On-premise and Cloud. Based on Industry Vertical the global Enterprise Performance Management Market is segmented in BFSI, IT & Telecom, Retail, Manufacturing, Healthcare, Energy and Utilities and Others.

The global Enterprise Performance Management Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Enterprise Performance Management Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

Achieveit, Anaplan, BearingPoint, Board International, Bright Analytics and others are among the major players in the global Enterprise Performance Management Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In August 2019, Oracle declared Oracle Blockchain Platform (OBP) Enterprise Edition 19.3 for On-premise Deployment. This OBP edition is perfect for customers who cannot adopt in Oracle Cloud owing to several data sovereignty or residence problems. It provided them an independently installable version of Oracle Blockchain Platform built on Docker containers and delivered as a pre-built V.M. image for various virtualization options.
• In August 2019, Blue Link ERP introduced the Financial Report Writer which is anticipated to help its deployment in the BFSI sector.

The global Enterprise Performance Management Market has been segmented as below:

Enterprise Performance Management Market, By Component

• Software
• Service

Enterprise Performance Management Market, By Deployment

• On-premise
• Cloud

Enterprise Performance Management Market, By Industry Vertical

• BFSI
• IT & Telecom
• Retail
• Manufacturing
• Healthcare
• Energy and Utilities
• Others

Enterprise Performance Management Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

Enterprise Performance Management Market, By Company

• Achieveit
• Anaplan
• BearingPoint
• Board International
• Bright Analytics
• Broadcom
• Calumo
• Centage
• Corporater
• Datarails
• deFacto Global
• Epicor Software
• IBM
• IDU
• Infor
• InPhase
• insight software
• Jedox
• Kepion
• Longview
• LucaNet
• OneStream

The report covers the below scope:

• Global Enterprise Performance Management Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global Enterprise Performance Management Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Enterprise Performance Management Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global Enterprise Performance Management Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Enterprise Performance Management Market share. Major industry players with significant revenue share include Achieveit, Anaplan, BearingPoint, Board International, Bright Analytics and others.

Why to Buy this Report:

• Gain detailed insights on the Enterprise Performance Management industry trends
• Find complete analysis on the market status
• Identify the Enterprise Performance Management Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

Free and Paid Customization based on the requirement

1.      Introduction

1.1.       Key Points

1.2.      Report Description

1.3.      Markets Covered

1.4.      Stakeholders

2.     Research Methodology

2.1.      Research Scope

2.2.     Research Methodology

2.2.1.     Market Research Process

2.2.2.    Research Methodology

2.2.2.1.           Secondary Research

2.2.2.2.          Primary Research

2.2.2.3.          Models for Estimation

2.3.     Market Size Estimation

2.3.1.     Bottom-Up Approach

2.3.2.    Top-Down Approach

3.     Executive Summary

4.    Market Overview

4.1.      Introduction

4.2.     Drivers

4.3.     Restraints

4.4.     Opportunities

4.5.     Challenges

5.     Enterprise Performance Management Market, By Component

5.1.      Key Points

5.2.  Software

5.3.  Service

6.    Enterprise Performance Management Market, By Deployment

6.1.      Key Points

6.2. On-premise

6.3. Cloud

7.     Enterprise Performance Management Market, By Industry Vertical

7.1.      Key Points

7.2.  BFSI

7.3.  IT & Telecom

7.4.  Retail

7.5.  Manufacturing

7.6.  Healthcare

7.7.  Energy and Utilities

7.8.  Others

8.    Competitive Landscape

8.1.      Introduction

8.2.     Start-up companies- Enterprise Performance Management Market

8.3.     Recent Developments

8.3.1.     Mergers & Acquisitions

8.3.2.    New Product Developments

8.3.3.    Portfolio/Production Capacity Expansions

8.3.4.    Joint Ventures, Collaborations, Partnerships & Agreements

8.3.5.    Others

9.    Company Profile

9.1.  Achieveit

9.2. Anaplan

9.3. BearingPoint

9.4. Board International

9.5.  Bright Analytics

9.6. Broadcom

9.7.  Calumo

9.8. Centage

9.9. Corporater

9.10.    Datarails

9.11.      deFacto Global

9.12.    Epicor Software

9.13.     IBM

9.14.    IDU

9.15.     Infor

9.16.    InPhase

9.17.     insight software

9.18.    Jedox

9.19.    Kepion

9.20.   Longview

9.21.    LucaNet

9.22.   OneStream