Enterprise Performance Management (EPM) Market Statistics 2020: Record high Growth, due to rise in Work from Home Scenario in COVID-19 Pandemic Situation

According to the report published by Allied Market Research, the 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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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.

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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.

Chief reasons for market fluctuations:

The need for making business strategy transparent to all employeesIncreased focus on core business and improved scalabilityNeed to improve business performance

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.

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.

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Key Advantages of the Enterprise Performance Management Market Study:

• 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.

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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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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