Press release
Enterprise Performance Management Market: Sizing Up Industry Analysis 2024-2033 || Oracle Corporation, IBM Corporation, Infor Inc., SAP AG, Anaplan Inc
Enterprise Performance Management Global Market Report 2024
The Business Research Company presents an extensive market research report on the Enterprise Performance Management Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The enterprise performance management market size has grown strongly in recent years. It will grow from $6.81 billion in 2023 to $7.31 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to operational efficiency goals, demand for performance measurement, adoption of balanced scorecard methodologies , improved data visualization, focus on customer relationship management..
The enterprise performance management market size is expected to see strong growth in the next few years. It will grow to $9.81 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to continues shift to cloud-based solutions, mobile-centric solutions, heightened data security measures, sustainability integration, demand for integrated platforms .. Major trends in the forecast period include integration of advanced analytics, cloud-based solutions adoption, focus on real-time data, integration of business intelligence, strategic planning enhancement..
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Key Market Players:
Major companies operating in the enterprise performance management market report are Oracle Corporation, IBM Corporation, Infor Inc., SAP AG, Anaplan Inc., Workday Inc., Unicom Systems Inc., Planful, Workiva Inc., Unit4, BOARD International SA, Adaptive Insights Inc., Host Analytics Inc., SAS Institute Inc., Epicor Software Corporation, OneStream Software LLC, BearingPoint, Vena, Prophix, Jedox, Planview Enterprise One, Microsoft, Tagetik, Longview Solutions, CCH Tagetik, MicroStrategy, QlikView, Tableau, TIBCO Spotfire, Information Builders
Market Drivers:
The increase in requirements for regulatory compliance and security are driving the enterprise performance management market. Regulatory compliance and security are a continual process of adhering to pertinent local, state, national, and international laws, security protocols, and business regulations. Enterprise performance management helps report compliance to demonstrate that the business complies with the conditions set forth by a governmental or regulatory body under a specific regulation. For instance, in May 2021, according to a report published by Gartner, a management consulting company, spending on security services grew to $72,497 million in 2021. Therefore, increasing regulatory compliance and security requirements will propel the growth of the enterprise performance management market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/enterprise-performance-management-global-market-report
The enterprise performance management market covered in this report is segmented -
1) By Component: Solutions/ Software, Services
2) By Deployment: On-premise, Cloud
3) By Application: Enterprise Planning and Budgeting, Financial Consolidation, Reporting and Compliance, Integrated Performance Management System, Other Applications
4) By Industry Vertical: BFSI, IT and Telecom, Retail, Manufacturing, Healthcare, Energy and Utilities, Other Verticals
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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