Enterprise Performance Management Market to Reach $10.99 Billion by 2030: Grand View Research Inc.

 Enterprise Performance Management Market Growth & Trends

The global enterprise performance management market size is anticipated to reach USD 10.99 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 8.5% from 2024 to 2030. The increasing adoption of digital transformation initiatives, the rising volume and complexity of business data, regulatory compliance, and the growing need for strategic planning and agility are expected to drive the enterprise performance management (EPM) market’s growth.

COVID-19 positively impacted the market, as the pandemic highlighted the importance of supply chain resilience and agility. Enterprise performance management solutions have evolved to help organizations better manage their supply chains by providing real-time insights into inventory levels, production capacity, and supplier performance.

The EPM market trends include the growing adoption of cloud-based solutions. Organizations are increasingly migrating their data infrastructure to the cloud to leverage scalability, flexibility, and cost-effectiveness. As a result, there is a rising demand for cloud-native EPM platforms that seamlessly integrate with cloud environments, provide centralized data management capabilities, and ensure data security and compliance across hybrid and multi-cloud deployments.

Additionally, a growing focus is on establishing enterprise performance management as a strategic business function. Organizations recognize EPM's value in driving business outcomes, enabling data-driven decision-making, and fostering innovation and collaboration.

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Enterprise Performance Management Market Report Highlights

• The solution segment led the market with the largest revenue share of 62.5% in 2023 and is expected to retain its dominance over the forecast period. The growing emphasis on data privacy, security, and ethical data practices is driving the adoption of EPM solutions.
• The on-premises deployment segment dominated the market in 2023 and is expected to grow at a significant CAGR over the forecast period, owing to the provision of control over sensitive data by allowing organizations to maintain data within their infrastructure.
• The large enterprises segment held the largest revenue share in 2023 and is projected to grow at a significant CAGR over the forecast period, due to business data's increasing volume and complexity.
• Based on function, the supply chain segment dominated the market in 2023 and is projected to grow at a significant CAGR over the forecast period, owing to an increase in the need to streamline supply chain processes across manufacturing and consumer goods industries
• Based on vertical, the BFSI segment accounted for the largest revenue share in 2023. EPM solutions assist BFSI organizations in ensuring compliance with the regulations.
• In August 2023, SAP launched add-in version 10.0 for Microsoft Office, provided with EPM solutions involving SAP BusinessObjects Financial Consolidation, Profitability and Cost Management models, Planning and Consolidation version for SAP NetWeaver 10.0 and Planning and Consolidation version for the Microsoft platform 10.0.

Access Press Release@ https://www.grandviewresearch.com/press-release/global-enterprise-performance-management-market

Enterprise Performance Management Market Segmentation

Grand View Research has segmented the global enterprise performance management market based on offering, deployment, enterprise size, function, vertical, and region:

Enterprise Performance Management Offering Outlook (Revenue, USD Billion, 2018 - 2030)

• Solution
• Services

Enterprise Performance Management Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

• On-premises
• Cloud

Enterprise Performance Management Enterprise Size Outlook (Revenue, USD Billion, 2018 - 2030)

• SMEs
• Large Enterprises

Enterprise Performance Management Function Outlook (Revenue, USD Billion, 2018 - 2030)

• Finance
• Human Resources
• Supply Chain
• Sales and Marketing
• Other

Enterprise Performance Management Vertical Outlook (Revenue, USD Billion, 2018 - 2030)

• BFSI
• Retail & Consumer
• Healthcare
• IT & Telecom
• Government & Education
• Manufacturing
• Others

Enterprise Performance Management Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa

List of Key Players in the Enterprise Performance Management Market

• Oracle
• SAP
• IBM Corporation
• SAS Institute Inc.
• Anaplan, Inc.
• Unicorn Systems a.s.
• Epicor Software Corporation
• Workday, Inc.
• OneStream
• Board International
• Wolters Kluwer N.V.
• Jedox

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.