(MENAFN- EIN Presswire) Enterprise Performance Management Market
Making business strategy transparent to all employees, improvement in performance, core business & improved scalability, is drive the market growth.
PORTLAND, PORTLAND, OR, UNITED STATE, October 18, 2022 / / -- Allied Market Research published a new report, titled, 'Enterprise Performance Management Market Drivers Shaping Future Growth, Revenue USD 12,562 million by 2025 | CAGR 11.7%.' The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
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The global enterprise performance management market was valued at $4,738 million in 2016, and is projected to reach at $12,562 million by 2025, growing at a CAGR of 11.70% from 2018 to 2025.
The report offers key drivers that propel the growth in the global enterprise performance management market. These insights help market players in devising strategies to gain market presence. The research also outlined restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining potential in untapped regions.
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Rise in need for making business strategy transparent to all employees, increased focus on core business & improved scalability, and need to improve business performance drive the growth of the global enterprise performance management market. In addition, surge in adoption of cloud-based EPM and rise in demand for mobility are expected to provide numerous opportunities for the growth of the market. However, implementations risks and shifting of workload from on premise to cloud hamper the market growth.
Based on industry vertical, the BFSI segment led the enterprise performance management market in 2016, and is projected to maintain its dominance in the future. However, the energy & utilities segment is expected to witness the highest growth, owing to its increased need of transparency of strategies among all the employees for improving the productivity.
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The global enterprise performance management market was led by the North America in 2016, and is projected to maintain its dominance during the forecast period. However, the Asia-Pacific is anticipated to witness the fastest growth, registering a CAGR of 15.70% during the forecast period.
Some of the key players operating in the enterprise performance management market include Adaptive Insights Inc., Anaplan, Inc., BOARD International S.A., Host Analytics Inc., IBM Corporation, Infor Inc., Oracle, SAP SE, CCH Tagetik (Wolters Kluwer NV), and Workiva.
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Key Findings of the Enterprise Performance Management Market:
• The services segment is expected to exhibit significant increase in terms of revenue during the forecast period.
• In 2016, the BFSI segment accounted for the highest revenue among the other industry verticals.
• Finance segment accounted the highest revenue in 2016 among other functions.
• North America generated the highest revenue in 2016.
• Asia-Pacific is projected to exhibit substantial growth during the forecast period.
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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
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