2023 Predictions Puts Enterprise Performance Management Market at $11.72 Billion

The report titled, Enterprise Performance Management Market published by MarketsandMarkets™ would help to give strategic overview of enterprise performance management industry growth and continue to drive by presence of prominent players across the globe.

Logo

Northbrook, IL -- (SBWire) -- 06/14/2019 --According to a new market research report "Enterprise Performance Management Market by Application (Enterprise Planning & Budgeting, Financial Consolidation, Financial Reporting & Compliance), Business Function, Component, Deployment Mode, Vertical, and Region - Global Forecast to 2023", published by MarketsandMarkets™, the Enterprise Performance Management Market to grow from USD 7.28 billion in 2018 to USD 11.72 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 10.0% during the forecast period.

Major growth factors expected to drive the growth of the market include the increasing demand for reducing operational costs and rising adoption of cloud-based solutions among enterprises for improving their business performance.

Browse in-depth TOC on "Enterprise Performance Management Market"
89-Tables
57-Figures
184-Pages

Browse Full Report @ https://www.marketsandmarkets.com/Market-Reports/enterprise-performance-management-market-114295566.html

The enterprise planning and budgeting segment to hold the largest market size during the forecast period

Enterprises use the Enterprise planning and budgeting application for aligning their business strategies with their execution plans. This application helps in developing agile forecasts for all business units and enables organizations to respond faster and effectively to changes in customer needs and preferences. It helps decision makers measure key metrics against Key Performance Indicators (KPIs) and plan for the future using predictive analytics.

The large enterprises segment to grow at a higher CAGR during the forecast period

The Enterprise Performance Management Market by enterprise size has been categorized into 2 segments, namely, SMEs and large enterprises. The large enterprises segment is expected to grow at a higher CAGR during the forecast period. The increasing need to improve business performance and rising adoption of data-driven decision making are expected to drive the adoption of the EPM solutions among large enterprises.

North America to hold the largest market size, while Asia Pacific (APAC) to grow at the highest CAGR during the forecast period

North America is expected to hold the largest market size in the global Enterprise Performance Management Market, while APAC is expected to grow at the highest CAGR during the forecast period. The presence of a maximum number of EPM vendors in North Americaand need to enhance the overall business performance by extracting insights from organizations' internal as well as external data are expected to increase the adoption of EPM solutions in the region. In APAC, the high growth rate can be attributed to various factors, including the adoption of advanced technologies, economic developments, rapid digitalization, and high investments by EPM solution providers.

The Enterprise Performance Management Market report provides the competitive landscape and company profiles of the key vendors. The major vendors in the global Enterprise Performance Management Market include SAP (Germany), IBM (US), Oracle (US), Workiva (US), Adaptive Insights (US), Anaplan(US), Host Analytics (US), Infor (US), Longview (Canada), CCH Tagetik (Italy), Prevero (Germany), Prophix (Canada), Vena (Canada), Kaufman Hall (US), Deloitte (US), BOARD (Switzerland), Corporater (Norway), HCL (India), SAS Institute (US), MicroStrategy (US), Capgemini (France), CA Technologies (US), The Hackett Group (US), Emtec (US), and KPMG (UK).

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com

Media Relations Contact

Mr. Shelly Singh
1-888-600-6441
https://www.marketsandmarkets.com/Market-Reports/enterprise-performance-management-market-114295566.html

View this press release online at: http://rwire.com/1232492