Enterprise Performance Management Market Size

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).

Key vendors in Enterprise Performance Management Market are : '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'

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.

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.

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.