EPM market share research by applications and regions for 2018-2024

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Enterprise Performance Management (EPM) market
share research by applications and regions for
2018-2024 Global Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Overview of Enterprise Performance Management
(EPM) Market

• Asia Pacific EPM market is anticipated to observe
  a lucrative growth from 2018 to 2024 due to the
  widespread adoption of these solutions by the
  BFSI sector. For instance, China International
  Finance Group streamlines planning and budgeting
  to accelerate profitability and support its
  international business with Oracle ERP and the
  Oracle EPM Cloud. A rise in the number of SMEs
  will also accelerate the adoption of solutions as
  these solutions help finance and IT executives
  improve business predictability and allocate
  resources more efficiently. The growth of the
  retail sector in countries including China and
  India is expected to drive the massive uptake of
  solutions to manage the huge amount of data
  generated through several marketing
  distributional channels. The profound growth of
  the retail sector in this region will also fuel
  the market growth.
• Enterprise Performance Management (EPM) Market
  size is expected to grow rapidly in the coming
  years driven by growing need to integrate and
  analyze heterogeneous business data from various
  sources, including e-commerce systems,
  front-office back-office applications, data
  warehouses, and external data sources. The
  valuable information generated is used by
  companies to make decisions in areas such as
  strategic planning, forecasting, budgeting,
  financial reporting, and workforce planning. As
  the performance management tools often leverage
  BI technologies for processing the data, the
  software is rapidly being used by executives and
  the management, ensuring that the company is
  translating its strategy into measurable
  indicators and monitoring its performance.

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• The implementation of cloud technology is also
  accelerating the adoption of cloud-based EPM
  software that makes it easier to deploy, lowers
  the cost of ownership, and enhances collaboration
  across the enterprise. Another factor
  accelerating the growth of the market is the use
  of next-generation technologies such as AI and
  machine learning, enhancing the existing
  capabilities of EPM solutions.
• The BFSI segment is expected to hold a major
  share of the EPM market due to the implementation
  of cloud technology by finance departments across
  a broad spectrum of the growing SMBs. To avoid
  on-premise upgrades that involve high operating
  costs and consume more time, organizations are
  adopting a cloud-model where the functionality
  can be easily updated, eliminating the need for
  hardware maintenance. The software complies all
  performance metrics to gauge potential outcomes
  and allow organizations to improve the accuracy
  of forecast and budgets.
• The demand for cloud-based EPMs is projected to
  increase over the forecast timeline as the model
  offers a more affordable and hassle-free option
  for the companies to measure past performances
  while offering ways to reduce inefficiencies and
  streamline workflows. The cloud EPM modules
  enable the automatic upgrades, eliminating the
  need for costly internal resources consuming
  upgrades.

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• North America is expected to witness a surge in
  the adoption of EPM solutions due to an increase
  in the adoption of cloud technology. The
  healthcare industry in the region is embracing
  cloud solutions to manage its existing
  infrastructure. For instance, in November 2017,
  healthcare organizations across the U.S. selected
  Oracle EPM Cloud to deliver high-quality patient
  care while controlling costs. This solution
  enabled organizations to modernize operations by
  increasing visibility control and providing
  real-time business insights to improve financial
  decision making.
• The market is dominated by the prominent
  companies such as BOARD International, Adaptive
  Insights, Host Analytics, HPE, Mesosphere,
  Oracle, IBM., Infor, SAP, Wolters Kluwer NV,
  Workiva, Cisco Systems, Datavail, Microsoft.,
  Dell, Nimboxx, and Stratoscale. The companies in
  the market are entering into strategic
  partnerships to offer custom EPM solutions to the
  clients globally. For instance, in September
  2018, Wipro and Anaplan entered into a strategic
  partnership to deliver cloud EPM solutions. The
  company leveraged its expertise to implement
  Anaplans Connected Planning platform across the
  customers business functions. In October 2018,
  Infor teamed up with Donnelley Financial LLC to
  improve the compliance offering around Infor
  Dynamic EPM (d/EPM). Infors d/EPM, along with
  Active Disclosure from Donnelley helps
  organizations to systemize and streamline
  regulatory reporting while maintaining data
  lineage.

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Methodology

• Market
  research reports Key analytical components

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