Enterprise Performance Management (EPM) Software Market

The expanding demand for mobility solutions has led to an increase in the adoption of cloud-based EPM software on a large scale. The growing reliance on latest cloud technologies across many applications will prove to be a game-changer for the enterprise performance management (EPM) software market during the assessment period of 2020-2030.

• The ability of reporting results to internal and external shareholders and many other similar features will bring immense growth prospects for the enterprise performance management (EPM) software market. In addition, the need for transparency in developing business strategies will prove to be a good growth generator. All these aspects bode well for the growth of the enterprise performance management (EPM) software market.
• Research and development activities play a vital role in the overall growth of the enterprise performance management (EPM) software market. The players indulge in these activities to upgrade or add novel features that help in attracting a massive consumer base. These factors generally lead to an increase in the revenues, ultimately contributing to the growth of the enterprise performance management (EPM) software market.
• Strategic collaborations are crucial for the enterprise performance management (EPM) software market. The players are always in the process of forging new partnerships for expanding their influence across the enterprise performance management (EPM) software market, eventually increasing the growth rate.

Global Enterprise Performance Management (EPM) Software Market: Snapshot

The global enterprise performance management (EPM) software market is all set to show growth at promising rate during the forecast period of 2020 to 2030. In recent years, companies from various business sectors are inclined toward making their business strategies transparent to all their work force. This factor is pushing companies to incorporate enterprise performance management (EPM) software in their businesses. As a result, the global enterprise performance management (EPM) software market is gaining stupendous demand opportunities from all across the world.

An upcoming research report from TMR on the global enterprise performance management (EPM) software market intends to provide in-depth analysis of various factors such as drivers, restraints, challenges, and opportunities in the market. In addition, this report offers reliable statistics on volume, shares, and revenues of the market for enterprise performance management (EPM) software. Thus, the report works as a valuable guide of the global enterprise performance management (EPM) software market for the forecast period of 2020 to 2030.

The global enterprise performance management (EPM) software market is segmented on the basis of various key factors such as component, deployment, functions, industry verticals, and region. Based on deployment, the market for enterprise performance management (EPM) software is classified into on-premises and cloud.

Global Enterprise Performance Management (EPM) Software Market: Growth Dynamics

In recent years, major worldwide companies, government entities, and nonprofits are inclined toward focusing on their core businesses. As a result, enterprise performance management (EPM) software systems are gaining traction of such organizations. These software assist organizations in various activities such as linking their strategies to their plans and implementation. As a result, organizations from all across the world are growing demand for EPM software. This factor is fueling the growth of the global enterprise performance management (EPM) software market.

Rising inclination among major companies in the world toward the use of cloud-based EPM is boosting the growth of the global enterprise performance management (EPM) software market. However, there are some risks in execution and shifting the workload from on-premise to cloud. This factor is obstructing the growth of the market for enterprise performance management (EPM) software.

Global Enterprise Performance Management (EPM) Software Market: Competitive Analysis

The global enterprise performance management (EPM) software market is fairly fragmented in nature. Presence of many well-established players makes the competition levels high and the entry of new entrants somewhat difficult. Major enterprises working in this market are investing heavily in research and development activities. The main motive of this move is to advance the quality of services and products they offer. This aside, growing number of partnerships, mergers, acquisitions, and collaborations connotes that the global enterprise performance management (EPM) software market is expanding at rapid pace.

The list of key players in the global enterprise performance management (EPM) software market includes:

• Anaplan, Inc.
• Adaptive Insights Inc.
• Host Analytics Inc.
• BOARD International S.A.
• Infor Inc.
• IBM Corporation
• SAP SE
• Oracle

Global Enterprise Performance Management (EPM) Software Market: Regional Assessment

Europe, Asia Pacific, North America, and Latin America, Middle East, and Africa are four key regions of the global enterprise performance management (EPM) software market. Of them, North America is one of the lucrative regions of the market for enterprise performance management (EPM) software. One of the key reasons supporting this market growth is increased acceptance of advanced technologies among companies from this region.