How Has The Enterprise Performance Management Market Size Evolved In Recent Years?
The enterprise performance management market has seen considerable growth due to a variety of factors.
• In the past few years, the enterprise performance management market has seen substantial growth. The market, which was at $7.14 billion in 2024, is predicted to expand to $7.58 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.1%. The historical growth can be linked to goals for operational efficiency, the need for performance evaluation, the uptake of balanced scorecard techniques, enhanced data visualization, and an emphasis on customer relation management.
What Does Future Hold for The Enterprise Performance Management Market Size?
The Enterprise Performance Management market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of enterprise performance management is projected to experience substantial growth in the coming years, increasing to $10.81 billion in 2029 with a compound annual growth rate (CAGR) of 9.3%.
The projected growth during this forecast period is due to the consistent transition towards cloud-based solutions, mobile-focused solutions, increased emphasis on data security, sustainability inclusion, and a demand for unified platforms. Key trends projected during this period encompass the incorporation of advanced analytics, adoption of solutions based on the cloud, emphasis on real-time data, incorporation of business intelligence, and enhancing strategic planning.
What Are The Primary Growth Drivers In The Enterprise Performance Management Market?
The surge in demands for regulatory compliance and security is propelling the growth of the enterprise performance management market. Adhering to relevant local, state, national, and international laws, security measures, and business rules is a consistent process of regulatory compliance and security. Enterprise performance management facilitates compliance reporting, hence proving that the company complies with the directives laid down by a government or regulatory agency under a specific regulation. For instance, the Information Commissioner's Office (ICO) in the UK, which regulates data protection and privacy laws in May 2024, ensures adherence and clarity in information management practices. From 2022 to 2023, cyber-related issues constituted 25.9% of all personal data breaches reported to the ICO, with an increase to 32.5% recorded in the past 12 months. The ICO consistently updates its website with data breach statistics, highlighting the continuous growth in data security risks. Consequently, the heightened need for regulatory compliance and security will spur the expansion of the enterprise performance management market.
What Is The Segmentation Of The Global Enterprise Performance Management Market?
The enterprise performance management market covered in this report is segmented –
1) By Component: Solutions Or Software, Services
2) By Deployment: On-premise, Cloud
3) By Application: Enterprise Planning And Budgeting, Financial Consolidation, Reporting And Compliance, Integrated Performance Management System, Other Applications
4) By Industry Vertical: BFSI, IT And Telecom, Retail, Manufacturing, Healthcare, Energy And Utilities, Other Verticals
Subsegments:
1) By Solutions Or Software: Financial Planning And Analysis Software, Budgeting And Forecasting Software, Consolidation And Reporting Software, Performance Measurement Software, Business Intelligence Tools
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Training And Education Services
Pre-Book The Enterprise Performance Management Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Emerging Trends Are Shaping The Enterprise Performance Management Market Landscape?
The advancement in technology is increasingly becoming a popular trend in the enterprise performance management market. Big player in the industry are harnessing the power of cloud based enterprise performance management to achieve competitive advantage. In May 2023, IBM, a technology firm headquartered in the US launched the IBM Hybrid Cloud Mesh, a new software as a service solution made to help enterprises handle their mixed multicloud frameworks effectively. This product focuses on Application-Centric Connectivity, automating the tasks related to management and visibility of application connectivity across both public and private clouds. The service aims to offer secure, scalable and uninterrupted connections for applications in diverse settings, tackling the complexities inherent in modern enterprise networking. The IBM Hybrid Cloud Mesh leverages DNS traffic steering from NS1 to maximize application performance, minimize costs and maintain availability by ensuring optimal connections between clouds and end users.
Who Are the Key Players In The Enterprise Performance Management Market?
Major companies operating in the enterprise performance management market include:
• Oracle Corporation
• IBM Corporation
• Infor Inc.
• SAP AG
• Anaplan Inc.
• Workday Inc.
• Unicom Systems Inc.
• Planful
• Workiva Inc.
• Unit4
• BOARD International SA
• Adaptive Insights Inc.
• Host Analytics Inc.
• SAS Institute Inc.
• Epicor Software Corporation
• OneStream Software LLC
• BearingPoint
• Vena
• Prophix
• Jedox
• Planview Enterprise One
• Microsoft
• Longview Solutions
• MicroStrategy
• QlikView
• Tableau
• TIBCO Spotfire
What Are The Regional Insights Into The Enterprise Performance Management Market?
North America was the largest region in the enterprise performance management market share in 2024. The regions covered in the enterprise performance management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
