Enterprise Performance Management Market Regional Analysis

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.