Enterprise Performance Management (EPM) Market 2020: Market Segmentation and Competitive Landscape Assessment

Increase in need to enable transparency of business strategies for employees, rise in focus on core business activities, rise in scalability, and the requirement for enhancing business performance facilitate the growth in the market. However, risks related to implementations and moving the workload from on-premise to cloud restrain the market growth. On the other hand, an upsurge in the adoption of cloud-based EPM along with increase in demand for mobility would create numerous opportunities for the EPM market growth.

Allied Market Research published a report, titled, "Enterprise Performance Management Market by Component, Deployment, Function, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2016-2025." The report states that global enterprise performance management market would reach $12.56 billion by 2025, from $4.73 billion in 2016, registering a CAGR of 11.70% during the forecast period, 2018-2025.

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The report focuses on the growth prospects and restraints of the market based on the analysis of regional trends. The study provides Porter's Five Forces analysis of the industry to understand the impact of various factors such as the bargaining power of suppliers, competitive intensity of competitors, the threat of new entrants, the threat of substitutes, and bargaining power of buyers on the growth of the EPM market.

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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Key Advantages of the Enterprise Performance Management Market Study:

o The services segment is expected to exhibit significant increase in terms of revenue during the forecast period.

o In 2016, the BFSI segment accounted for the highest revenue among the other industry verticals.

o Finance segment accounted the highest revenue in 2016 among other functions.

o North America generated the highest revenue in 2016.

o Asia-Pacific is projected to exhibit substantial growth during the forecast period.

Key questions answered in Enterprise Performance Management (EPM) research study:

o What is the market growth rate of Enterprise Performance Management (EPM) Market from 2017-2023?

o What will be the global market size of the market from 2017 to 2023?

o Who are the leading global manufacturing companies in the Enterprise Performance Management (EPM) Market?

o What are the current trends and predicted trends?

o What are the challenges faced in the Enterprise Performance Management (EPM) Market?

o Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?

o Which will be the anticipated growth rates for your own Enterprise Performance Management (EPM) economy altogether and also for every segment inside?

o Which will be the Enterprise Performance Management (EPM) application and types and forecast accompanied closely by producers?

o What are the conclusions of the Enterprise Performance Management (EPM) Market report?

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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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