Enterprise performance management (EPM) is a business process that helps organizations to monitor and manage their performance. EPM involves setting goals and objectives, measuring progress, and making adjustments to ensure that the organization is meeting its goals. EPM can be used to improve financial performance, operational performance, and employee performance.
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The Enterprise Performance Management Market size was USD 5.7 Billion in 2022 and is anticipated to reach USD 12.7 Billion in 2032, growing at a rate of 8.3% from 2023 to 2032.
Key Trends
There are several key trends in Enterprise Performance Management (EPM) technology. One is the move towards cloud-based solutions. This is in response to the needs of organizations for more flexibility and scalability in their EPM systems. Another trend is the use of artificial intelligence (AI) and machine learning to help organizations automate and improve their EPM processes.
Key Drivers
The key drivers of enterprise performance management (EPM) are the organizational goals and objectives that need to be achieved. EPM is a process that helps organizations to plan, monitor, and optimize their performance. It is a tool that can be used to improve decision making, communication, and accountability.
The benefits of EPM are:
- Helps organizations to focus on their goals and objectives
- Enables organizations to track their progress
- Helps organizations to identify and correct problems
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Market Segmentation
The Enterprise Performance Management Market is segmented by component, deployment, function, and region. By component, the market is divided into software and service. By deployment, the market is divided into on-premise and cloud based. By function, the market is divided into finance, human resource, supply chain and others. Region-wise the market is segmented into North America, Europe, Asia-Pacific and rest of the world.
Key Players
The Enterprise Performance Management market is dominated by key players such as 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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