Enterprise Performance Management (EPM) is a process developed
to help organizations such as companies, government entities and nonprofit
organizations associate their strategies to their plans and execution. EPM consists
of management processes such as planning forecasting, budgeting, and modeling. Moreover,
it includes consolidating results and closing books. Furthermore, it analyzes
the performance and supports in making informed decisions. Additionally, EPM
software allows reporting the results to internal as well as external shareholders.
Enterprise Performance Management systems assists business
processes by allowing enterprises to manage and automate day-to-day business
activities from a single, integrated software application, enhancing
operational efficiency and improving business performance by ensuring precise
business planning and reporting. Moreover, this software assists map the goals
with the present version, helping users in understanding and attain the
perspectives of the work to get the desired results. EPM systems offer a
streamlined business process which avoids the risk of manual errors and gives quicker
response time to decision-makers in the organization. Moreover, it provides
predictive analytics to reduce the time spent on the finance function allowing
more focus on higher-value tasks. Automating the business processes provides
real-time information on business needs. As data acts as a key metric to
measure business performance, EPM systems collects and combines data
automatically, minimizing execution time. EPM assists in managing and
understanding the data gathered through several business processes to make
better business decisions, improving the organization’s performance and
efficiency and providing a competitive position in the market. Thus, the global
enterprise performance management market
is anticipated to be driven by rising operational efficiency by optimizing
business processes. In addition, the EPM
software is required to resolve the dearth of strategic focus among the major
executives’ employees. The transparency associated to business strategies can
be delivered through the scorecards and dashboards of the EPM software. This
results in strategic growth and increases the productivity of employees as per
the rules set by the organization. As a result, making business strategy
transparent to all employees propels the global enterprise performance
management market growth. However, the high cost incurred in the deployment of enterprise
performance management systems will limit the market growth.
Furthermore,
the rising demand for mobility solutions is leading to the increasing adoption
of cloud-based EPM software. On-premises enterprise
performance management software lacked application programming
interfaces or integrated technologies to link them to mobile devices.
Organizations are inclining towards a flexible work environment after the
outbreak of the COVID-19 pandemic. Hence, the cloud-based EPM solutions are
designed to help organizations to rapidly grow and break through geographic
constraints which provide growth opportunities for the EPM market.
The
global Enterprise Performance Management Market is segregated on the basis of
component as Software and Service. Based on Deployment the global Enterprise
Performance Management Market is segmented in On-premise and Cloud. Based on
Industry Vertical the global Enterprise Performance Management Market is
segmented in BFSI, IT & Telecom, Retail, Manufacturing, Healthcare, Energy
and Utilities and Others.
The
global Enterprise Performance Management Market report provides geographic
analysis covering regions, such as Europe, North America, Asia Pacific, and
Rest of The World. The Enterprise Performance Management Market for each region
is further segmented for major countries including the U.S., Canada, Germany,
the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
Achieveit,
Anaplan, BearingPoint, Board International, Bright Analytics and others are
among the major players in the global Enterprise Performance Management Market.
The companies studied in terms of product strategy and various n several growth
and expansion strategies to gain a competitive edge in the market. The major
players not only follow value chain integration with business operations in
multiple stages of the value chain.
- In August
2019, Oracle declared Oracle Blockchain Platform (OBP) Enterprise Edition 19.3
for On-premise Deployment. This OBP edition is perfect for customers who cannot
adopt in Oracle Cloud owing to several data sovereignty or residence problems.
It provided them an independently installable version of Oracle Blockchain
Platform built on Docker containers and delivered as a pre-built V.M. image for
various virtualization options.
- In August
2019, Blue Link ERP introduced the Financial Report Writer which is anticipated
to help its deployment in the BFSI sector.
The global Enterprise Performance Management Market
has been segmented as below:
Enterprise
Performance Management Market, By Component
Enterprise
Performance Management Market, By Deployment
Enterprise
Performance Management Market, By Industry Vertical
- BFSI
- IT & Telecom
- Retail
- Manufacturing
- Healthcare
- Energy and Utilities
- Others
Enterprise
Performance Management Market, By Region
- Europe
- North America
- Asia Pacific
- Rest of The World
Enterprise
Performance Management Market, By Company
- Achieveit
- Anaplan
- BearingPoint
- Board International
- Bright Analytics
- Broadcom
- Calumo
- Centage
- Corporater
- Datarails
- deFacto Global
- Epicor Software
- IBM
- IDU
- Infor
- InPhase
- insight software
- Jedox
- Kepion
- Longview
- LucaNet
- OneStream
The
report covers the below scope:
- Global Enterprise Performance
Management Market sizes from 2020 to 2026, along with CAGR for 2020-2026
- Market size comparison for 2019 vs
2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to
2026
- Global Enterprise Performance
Management Market trends, covering comprehensive range of consumer trends &
manufacturer trends
- Value chain analysis covering
participants from raw material suppliers to the downstream buyer in the global Enterprise
Performance Management Market
- Major market opportunities and
challenges in forecast timeframe to be focused
- Competitive landscape with analysis
on competition pattern, portfolio comparisons, development trends and strategic
management
- Comprehensive company profiles of
the key industry players
The
years considered for the study are as follows:
- Base year - 2019
- Estimated year - 2019
- Projected year - 2020
- Forecast period - 2021 to 2026
Report
Scope:
The global Enterprise Performance Management Market
report scope includes detailed study covering underlying factors influencing
the industry trends. The report covers analysis on regional and country level
market dynamics. The scope also covers competitive overview providing company
market shares along with company profiles for major revenue contributing
companies. The report scope includes detailed competitive outlook covering
market shares and profiles key participants in the global Enterprise
Performance Management Market share. Major industry players with significant
revenue share include Achieveit, Anaplan, BearingPoint,
Board International, Bright Analytics
and others.
Why to
Buy this Report:
- Gain detailed insights on the Enterprise Performance Management industry trends
- Find complete analysis on the
market status
- Identify the Enterprise Performance
Management Market opportunities and growth segments
- Analyse competitive dynamics by
evaluating business segments & product portfolios
- Facilitate strategy planning and
industry dynamics to enhance decision making
Target
Audience:
- The report targeted towards the existing players in
the industry is as follows:
- Market Manufacturers/Service
Providers
- Market Wholesale/Traders
- Investment and Financial
Institutions
Free
and Paid Customization based on the requirement