Frequently Asked Questions
The global enterprise performance management market was valued at USD 5.8 Billion in 2022.
The enterprise performance management market is expected to grow at a CAGR of 7.5% between 2023 and 2030, reaching USD 9.6 Billion in 2030.
Software is the leading segment by component, holding over 70% share in value in 2022.
The cloud governs the global demand for enterprise performance management, holding a massive share of over 70% in 2022.
The Finance segment is expected to post the highest CAGR during the forecast period.
North America is fueling the growth of the enterprise performance management industry, with an over one-third share in 2022.
The top players include INFOR INC, HOST ANALYTICS INC, WORKIVA, CCH TAGETIK (WOLTERS KLUWER NV), IBM, and ANAPLAN, INC.
The major market drivers are the increasing need for data-driven decision-making, growing focus on performance optimization, and adopting cloud-based epm solutions.
The major market restraints include challenges of data integration and ensuring data accuracy and consistency and complexity and time-consuming implementation processes.
Adoption of cloud-based EPM solutions, integration of advanced analytics and artificial intelligence (AI) technologies, and industry-specific EPM solutions catering to unique sector requirements.