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Enterprise Performance Management Market Overview

The report is titled as ‘Enterprise Performance Management Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Enterprise Performance Management market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Enterprise Performance Management market is expected to grow with significant rate in the near future.

In 2020, global enterprise performance management market was valued at US$ XXX Mn and expected to grow significantly at a CAGR of XXX % over the forecast period

Enterprise Performance Management Introduction

Enterprise Performance Management (EPM) can be perceived as the approach of monitoring performance across the venture with the objective of enhancing business performance. An EPM system unifies and evaluates data from several sources, comprising, but not restricted to, e-commerce systems, back-office and front-office applications, data repositories and external data sources. The advanced EPM systems have the potential to uphold several performance approaches such as the balanced report sheet.

Enterprise performance management (EPM) comprises three core theorems: planning, budgeting and forecasting (PBF), which majorly play its part in supporting the business in discerning the continuing activities that contribute to delivering its future longer term plan of action. Secondly, performance reporting backs organizations in transforming their data into relevant, insightful, and well-timed management information. And lastly, Profitability and cost analysis which is responsible to allow effective and efficient assessment of costs, income and profitability at a myriad of levels across the enterprise. In present times, the need for regulatory compliance and security in enterprises is majorly projected to drive the growth of the global enterprise performance management market.

Enterprise Performance Management Market Segmentation

The global enterprise performance management market is segmented on the basis of component, application, business function, deployment model, organization size, verticals, and region.

By Component

Solutions

Services

By Application

Enterprise Planning and Budgeting

Financial Consolidation

Reporting and Compliance

Integrated Performance Management System

Others

By Business Function

Finance

Human Resources

Supply Chain

Sales and Marketing

IT

By Deployment Model

Cloud

On-Premises

By Organization Size

Small and Medium-sized Enterprises (SMEs)

Large Enterprises

By Verticals

BFSI

Manufacturing

Healthcare and Lifesciences

IT and ITES

Government and Public Sector

Telecommunications

Retail and Consumer Goods

Media and Entertainment

Others

By Region

               North America

               Latin America

               Europe

               Asia Pacific

               Middle East

               Africa

Enterprise Performance Management Market Key Players

Some of the key participating players in global enterprise performance management market are:

Oracle

IBM

Infor

SAP

Honeywell International Inc.

Anaplan

Workday

Epicor Software

Unicom Systems

Planful

Unit4

OneStream

Workiva

BearingPoint

Broadcom

Board International

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product designs and launches

Current product compliance

Reimbursement

Concerns for use of Enterprise Performance Management

Advantages of Enterprise Performance Management

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.

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