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
Services
By Application
Enterprise Planning and Budgeting
Financial Consolidation
Reporting and Compliance
Integrated Performance Management System
Others
By Business Function
Human Resources
Supply Chain
Sales and Marketing
IT
By Deployment Model
On-Premises
By Organization Size
Small and Medium-sized Enterprises (SMEs)
Large Enterprises
By Verticals
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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The enterprise performance management market is estimated to reach at a value of US$ *** Mn by the end of 2022 and expected to reach at a value of US$ *** Mn by 2030 with a significant CAGR of ***%.
The base year for the report is 2021 in enterprise performance management market.
The global enterprise performance management market is segmented on the basis of component, application, business function, deployment model, organization size, verticals, and region.
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.