Enterprise Performance Management Software Market
Global Market Study on Enterprise Performance Management (EPM) Software: North America to be the Most Lucrative Market During the Period of Assessment (2017 - 2022)
Enterprise Performance Management Software Market Segmented by Product Type which is Software, Services and also Segmented Deployment Cloud, On-Premise
Enterprise Performance Management (EPM) is a kind of software that is designed to help organizations link their strategies to their plans and execution. There are various components of an EPM software that are linked to management processes such as budgeting, planning, forecasting and modelling. EPM software also consists of consolidation of results and closing the books on a time wise basis.
EPM software also has a component of reporting results to internal and external shareholders and analyzing performance and to check whether the performance of the organization is as per the plan and in accordance with the vision and mission of the organization. Other indicators that are used as a yardstick in EPM software are return on investment (ROI), revenue costs, overhead costs and operational costs.
According to the assessment of Persistence Market Research, the global Enterprise Performance Management (EPM) software market is forecasted to reach a figure of about US$ 3,600 Mn in 2022 and is poised to exhibit a robust CAGR in the period of assessment.
Find Out More about the Report Coverage
- Oracle Corporation
- SAP AG
- IBM Corportation
- Wolters Kluwer NV
- Host Analytics
- Adaptive Insights
North America Market Set to Dominate the Global EPM Software Market in Terms of Revenue
The market in North America is set to dominate the global EPM software market in terms of value and this trend is projected to sustain itself throughout the assessment period. North America EPM software market is the most attractive market, growing at a robust CAGR over the forecast period.
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Software Product Type Segment Slated to Touch a Value of About US$ 2,800 Mn in 2022
According to the projections of Persistence Market Research, the software product type segment is expected to reach a value of about US$ 2,800 Mn in the year 2022. This signifies a steady CAGR during the forecast period of 2017-2022. The software product type segment is estimated to account for more than three-fourths of the revenue share of the product type segment by the end of the year 2017 and is expected to lose in market share by 2022 over 2017.
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A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
BFSI End User Segment to Exhibit a CAGR of 4.0% During the Assessment Period
According to the assessment of Persistence Market Research, the BFSI end user segment is poised to touch a figure of about US$ 990 Mn in the year 2022. This signifies a CAGR of 4.0% during the assessment period from 2017 till the year 2022. The BFSI end user segment is estimated to account for nearly one-fourth of the revenue share of the end user segment by the end of the year 2017 and is projected to lose market share by 2022 over 2017.
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The report also profiles companies that are expected to remain active in the expansion of global EPM software market through 2022, which include Oracle Corp., SAP SE, International Business Machines Corp., Anaplan Inc., Wolters Kluwer NV, Host Analytics Inc., Adaptive Insights Inc., Workiva Inc. and Infor Inc.