According to a recent report by Grand View Research, Inc., the global enterprise performance management (EPM) market is projected to reach a value of USD 10.99 billion by 2030. The market is expected to expand at a compound annual growth rate (CAGR) of 8.5% during the forecast period from 2024 to 2030. This anticipated growth is largely driven by the increasing emphasis on digital transformation initiatives, the escalating volume and complexity of business data, the need to meet regulatory compliance standards, and a growing organizational demand for strategic planning, agility, and performance optimization.

The COVID-19 pandemic had a positive influence on the EPM market, primarily by highlighting the crucial need for resilient and agile supply chains. In response to pandemic-related disruptions, organizations have turned to EPM solutions to improve visibility and responsiveness across their operations. These solutions have evolved to deliver real-time insights into key performance indicators such as inventory levels, production capacity, and supplier performance, enabling companies to manage supply chain risks more effectively and make faster, informed decisions during volatile conditions.

One of the notable trends shaping the EPM landscape is the increasing adoption of cloud-based EPM platforms. Organizations are progressively shifting their data infrastructure to the cloud in pursuit of benefits such as scalability, flexibility, cost-efficiency, and ease of access. This shift has fueled demand for cloud-native EPM solutions that not only integrate seamlessly into cloud ecosystems but also offer centralized data management, enhanced security, and compliance features across hybrid and multi-cloud environments. These platforms support more agile performance monitoring and strategic decision-making.

Moreover, there is a rising recognition of enterprise performance management as a strategic function rather than merely an operational tool. Businesses increasingly view EPM systems as essential for aligning corporate objectives with performance metrics, driving measurable outcomes, and enabling data-driven decision-making at all levels of the organization. In this context, EPM solutions are also fostering cross-departmental collaboration and innovation, helping enterprises stay competitive in a rapidly changing business environment.

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Frequently Asked Questions (FAQs) About the Enterprise Performance Management Market

1. What is the current size of the EPM market, and what is its growth forecast?

As of 2023, the global EPM market was valued at approximately USD 6.37 billion. It is projected to reach USD 10.99 billion by 2030, expanding at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2030 .

2. What factors are driving the growth of the EPM market?

Key drivers include:

• Digital Transformation Initiatives: Organizations are increasingly adopting digital technologies to enhance operational efficiency and competitiveness.

• Rising Volume and Complexity of Business Data: The proliferation of data necessitates advanced tools for analysis and decision-making.

• Regulatory Compliance: EPM solutions assist organizations in adhering to evolving regulatory requirements.

• Need for Strategic Planning and Agility: Businesses require agile systems to respond swiftly to market changes and strategic goals.

3. What are the current trends in the EPM market?

• Cloud-Based Solutions: Organizations are migrating their data infrastructure to the cloud to leverage scalability, flexibility, and cost-effectiveness.

• Strategic Role of EPM: EPM is increasingly viewed as a strategic business function that drives business outcomes, enables data-driven decision-making, and fosters innovation and collaboration.

4. Which deployment model is dominating the EPM market?

The on-premises deployment model held the largest revenue share in 2023. However, the cloud-based deployment model is expected to witness the fastest growth during the forecast period, driven by factors such as scalability and cost-efficiency .

5. Who are the leading players in the EPM market?

Prominent companies in the EPM market include:

• Oracle Corporation

• SAP SE

• IBM Corporation

• SAS Institute Inc.

• Anaplan, Inc.

• Workday, Inc.

• OneStream

• Board International

• Wolters Kluwer N.V.

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