USD 5.87 Billion
Enterprise Performance Management Market Size, Share, Growth Analysis, By Component (Software, Services), By Vertical (BFSI, Manufacturing), By Deployment (Cloud, On-Premises), By Region -Industry Forecast 2024-2031
Report ID:
SQMIG45C2088 |
Region:
Global |
Published Date: January, 2025
Pages:
166
|Tables:
117
|Figures:
72
Enterprise Performance Management Market Insights
Global Enterprise Performance Management Market size was valued at USD 5.87 Billion in 2023 and is poised to grow from USD 6.37 Billion in 2024 to USD 12.23 Billion by 2032, growing at a CAGR of 8.5% in the forecast period (2025-2032).
The enterprise performance management market growth can be mainly attributed to the growing demand for digital transformation initiatives and growing volume and complexity of business data. It aids in effectively planning, measuring, managing organizational performance to support the strategic goals of an organization. EPM takes a comprehensive approach integrating functional areas that are within financial planning, budgeting, forecasting, performance reporting, and analytics for a better view of the performance of an organization. Through better aligning the strategic objectives of the organization to operational activities, EPM enables organizations to make better informed decisions, allocate resources smartly, and measure performance against set targets.
The other main components of enterprise performance management are risk management and workforce planning. Across the globe, businesses are taking digital transformation initiatives to improve the efficiency of operations, transform business processes, and achieve a competitive advantage. This transformation is making EPM solutions extremely crucial as they enable organisations to have greater visibility, control, and optimisation of their financial and operational performance. The growing number and complexity of business data has increased the need for advanced analytics functionalities in EPM solutions. This allows organizations to make more data-driven decisions, reduce forecasting errors, and find opportunities for process consolidation and cost savings. In addition, organizations in sectors like finance and healthcare require robust EPM method to comply with different regulatory needs. EPM systems can assist companies in staying compliant with regulations by automating processes, providing real-time monitoring, and generating accurate reports.
Market snapshot - (2025-2032)
Global Market Size
Largest Segment
On-Premises
Fastest Growth
Cloud Based
Growth Rate
8.5% CAGR
Global Enterprise Performance Management Market ($ Bn)
Country Share for North America Region (%)
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Enterprise Performance Management Market Segments Analysis
Global enterprise performance management Market is segmented by component, business function, deployment, industry vertical, and region. Based on component, the market is segmented into software and services. Based on business function, the market is segmented into finance, human resources, sales & marketing, supply chain, it, and others. Based on deployment, the market is segmented into clouds, and on-premises. Based on industry vertical, the market is segmented into BFSI, IT & Telecom, retail, and manufacturing. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East & and Africa.
Analysis by Deployment
The on-premises segment is dominating with the largest enterprise performance management market share. The on-premises segment in enterprise performance management refers to the way of deploying and managing EPM solutions within the organization infrastructure, usually on-site at their premises. Through on-premises EPM systems organizations can customize their solutions according to their requirement. The tool is highly versatile and integrates well with various existing IT infrastructure and business applications to create a cohesive workflow. On-premises EPM systems automate financial reporting and consolidation operations, thus increasing efficiency and consistency. It is known that on-premises EPM is expensive than cloud EPM, but many firms are opting for on-premises because of security and regulatory concerns related to sensitive data.
The cloud segment is witnessing the fastest growth as it is a crucial part of the enterprise performance management market. Well-equipped infrastructure is not a prerequisite in a cloud-based software due to which EPM can be availed by more organizations as it significantly reduces EPM software implementation cost. The price for initial configuration of cloud-based EPM software is one-fourth of the total implementation cost of the same on-premises application software. Further, cloud enables finance organizations to manage and govern both the initial implementation and subsequent management of the EPM solution. Several organizations use cloud-based EPM software to provide assistance to other business functions. In 2020, Harper College, US used an EPM cloud application to connect the HR and finance departments, streamline the financial data processing, and monitor the statuses of other projects.
Analysis by Industry Vertical
On the basis of the industry vertical, the largest market share is held by the BFSI sector and is expected to witness constant growth. Many BFSI organizations are increasingly adopting enterprise performance management (EPM) applications to improve financial planning and analysis, performance management, reporting, and compliance operations. This is helping in increasing the number of EPM applications among. These tools support revenue planning and forecasting for different types of business and products, which includes asset management, brokerage, mortgage lending, and fee-based services. Furthermore, the advent of cloud-based personalized solutions has driven the development of EPM solutions in the industry.
The manufacturing sector is witnessing the fastest growth as it includes automotive, aerospace, heavy machinery, chemicals, electronics, and semiconductors. Various forces including globalization, urbanization and regulatory changes have transformed the manufacturing segment. It is changing processes drastically throughout every business function such as integrated supply chain, inventory management, product designing etc. Manufacturers require a production performance management solution that maximizes production decisions based on supply and demand. EPM integrates operational and production planning, financial plans, cash flow, modeling and forecasting, sales and operations, and project planning. They help organizations to expedite and enhance monthly financial reporting and operational and capital expenditure planning.
Global Enterprise Performance Management Market Analysis by Deployment
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Enterprise Performance Management Market Regional Insights
North America is dominating the enterprise performance management market with the largest share. This is because of the changing regulatory compliance to rising data-driven decision making and growing digital transformation initiatives adoption. The regional market is propelled by the ability of EPM solutions to handle the many regulatory compliance requirements related to financial reporting, risk management, and data privacy required of businesses. Based on the advertisement, due to the growing volume as well as complexity of data generated by organizations across industries, the U.S. held nearly half of the total revenue share in the market. An article by Oracle in February 2021 explored how Lyft Inc., a mobility service provider headquartered in the United States, reduced the time it took to close its books, especially in the revenue component of the ledger. It was done by more than 50% within 4 months of integrating with Oracle Fusion Accounting Hub successfully.
During the enterprise performance management market forecast period, Europe is expected to generate the highest revenue and witness lucrative growth. This is owing to rapid digital transformation of SMEs and large enterprises and growing digital ecosystems in the region. Increased dependence of organizations on digital technologies also drives this market expansion. These technologies are being used to boost innovation and transform how businesses operate and offer new products and services to their customers. As a result, organizations are changing their processes and make use of these strategies, consequently leading to the growth of this market. The enterprise performance management market in the UK is growing rapidly due to the increasing demand for strategic planning and performance enhancement and the proliferation of cloud-based EPM promoting EPM adoption. Organizations in this country are realizing the importance of EPM to improve their strategic planning and performance management processes. By utilizing EPM tools organizations are aligning strategies, budgets, and operations to fuel growth and efficiency. Businesses are increasingly adopting cloud-based enterprise performance management (EPM) solutions in a bid to benefit from the solutions scalability, flexibility and cost-effectiveness.
Global Enterprise Performance Management Market By Geography
- Largest
- Fastest
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Enterprise Performance Management Market Dynamics
Drivers
- Increasing Adoption of Cloud Computing
The landscape of the EPM market is continuously changing with the introduction of the cloud computing. Companies are gradually migrating their workload from manual mode into cloud-based model thereby increasing the efficiency of the process. The market is changing its business methodology, and the cloud-based deployment mode is one of the most widely used approach. The providers of such cloud services assist the enterprises in getting knowledge on the new technology and its impact in near future. Advent of EPM in HR domain provide a smoother and better process to manage the workflow from recruitment to retirement. Thereby these factors strengthen the market growth in the forecast period.
- Increasing Adoption of EPM Solutions for Regulatory Compliance
Businesses must constantly deal with complex and improved regulations. But the EPM tools provide solutions that allow smooth management and recovery of vital business documents and data. Compliance requirements like data privacy regulations and industry-specific rules are encouraging organizations to adopt EPM solutions for secure and compliant information governance. This emphasis on regulatory obedience is increasing the adoption of EPM systems.
Restraints
- Lack of Skilled Workforce
The lack of skilled workforce immensely restricts efficient integration and advancement of EPM solutions. This is because enterprises are facing the challenges in finding people who are experts in EPM technologies. The intricate nature of EPM systems needs specialized expertise in areas like information governance, data security, and workflow automation. The lack of properly trained professionals restricts the smooth incorporation of EPM tools.
- High Expense of Tools
Incorporating and maintaining EPM solutions requires a significant amount of upfront investments and constant operational expenses. Features like licensing fees, infrastructure upgradation, and training expenses increase the financial burden for businesses. This is especially true for small and medium-sized enterprises who have limited investment. Furthermore, customization and incorporation of EPM systems with current workflows leads to extra costs, restricting the adoption rate.
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Enterprise Performance Management Market Competitive Landscape
The enterprise performance management industry is an evolving and competitive landscape, filled with a wide variety of players competing for market share. The organizations are prioritizing to innovate their product line to cater the huge population across various geographies. To increase their product portfolio companies are also adding new technologies including AI and ML. Furthermore, these players are continually investing in partnership and acquisition plans to increase market presence and boost product offerings. Moreover, organizations are also making use of predictive and prescriptive analytics in EPM systems to gain a competitive edge. Using predictive analytics and machine learning, companies are able to forecast events and adjust their strategies accordingly. This move towards analytics-driven decision-making encourages organizations to invest in EPM systems. These tools full data integration and visualization features, hence enhancing performance management skills.
Top Player’s Company Profile
- 4Degrees
- Accelatis LLC
- Anaplan, Inc.
- Anthology, Inc.
- Array Software, Inc.
- Artelia
- Avanade, Inc.
- Axiom EPM
- BISP Solutions Inc.
- Call BoxOracle
- SAP
- IBM Corporation
- SAS Institute Inc.
- Unicorn Systems a.s.
- Epicor Software Corporation
Recent Developments
- On December 2023, OneStream announced a partnership with KPMG Spain to support Spain-based enterprises in accelerating financial transformation and minimizing complexities for the business. As a further result of its partnership, both organizations would provide a field-proven integrated solutions leveraging each organizations strength.
- Oracle introduced a newer version of EPM Automate in April 2023, introducing new commands. These encompass some new commands that empower users to optimize account reconciliation, enterprise data management, enterprise profitability and cost management, profitability and cost management, tax report, transfer consolidation journals across closed environments and financial consolidation.
- In November 2023, St. Gallen, Jedox teamed up with Fincons Group to equip businesses with tools that can help them improve their performance aligning their operational and financial plans plus drive actionable insights through real-time data.
Enterprise Performance Management Key Market Trends
- Increasing Focus on Improving Business Operations
Businesses are understanding the value of smooth procedure, effective data management, and improved partnerships. EPM solutions provide a complete method to manage content, allowing smooth information flow and availability. As organizations focus on digital transformation, EPM is becoming vital in controlling varied content types, making sure compliance, and enhance operational effectiveness. The demand for EPM solutions is increasing as organizations are incorporating platforms for boosting productivity, minimizing expenses, and staying flexible in an increasingly developing business setting.
- Incorporation of ML Technologies
Machine learning helps in streamlining the process of making decisions by automating tasks like content categorization, data analysis, and pattern recognition. This improves efficiency and accuracy in managing huge amounts of business content. Better understanding of data and reasoning abilities provided by ML helps businesses to make informed decisions immediately.
Enterprise Performance Management Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global enterprise performance management industry refers to a set of processes, methodologies, and technologies that are used to monitor, analyze, and optimize the performance of organizations. This allows organizations to expedite alignment of strategies, goals, and operations in order to drive efficiency, agility, and competitiveness. The EPM market itself has evolved significantly over the past years to support the increased demand for data-driven decision-making, digital transformation initiatives, and the need to manage increasingly complex business environments. In addition, widespread adoption of the cloud technology and growing demand for mobility, is expected to further offer lucrative opportunities for the market. In addition, the key suppliers have also provided the enterprise performance management mobile solution on android as well as IOS platform.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 5.87 Billion |
| Market size value in 2032 | USD 12.23 Billion |
| Growth Rate | 8.5% |
| Base year | 2024 |
| Forecast period | (2025-2032) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Enterprise Performance Management Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Enterprise Performance Management Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Enterprise Performance Management Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Enterprise Performance Management Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Enterprise Performance Management Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Enterprise Performance Management Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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