DUBLIN--(BUSINESS WIRE)--The "Enterprise Performance Management Market by Application (Enterprise Planning & Budgeting, Financial Consolidation, Financial Reporting & Compliance), Business Function, Component, Deployment Mode, Vertical, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The report forecasts the global EPM (enterprise performance management) market size to grow from USD 7.28 billion in 2018 to USD 11.72 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 10% during the forecast period.
"The Human Resource (HR) business function segment to grow at the highest CAGR during the forecast period"
It is expected that the Human Resources (HR) business function will grow at the highest CAGR as a result of the HR department needs to maximizing the potential of their workforce while increasing efficiency. EPM solutions offer better insights into human capital performance and streamline HR processes, right from recruitment to retirement.
"The Retail and eCommerce vertical to grow at the highest CAGR during the forecast period"
Retailers face immense pressure to balance their inventory levels, sales performance, vendor management, conversion rates, transactions, and potential stock. They require EPM solutions to extract real-time insights into their sales and operational performance, to allow them to make better decisions.
Market Dynamics
Drivers
- Demand for Reducing Operational Costs and Adoption of Cloud-Based Solutions
- Need to Improve Business Performance and Adoption of Data-Driven Decision-Making
- Need to Make Business Strategies Transparent to All Employees
Restraints
- Lack of Awareness and Knowledge Among Enterprises
- Competition from Big EPM Software Vendors
Opportunities
- Higher Adoption by SMEs
- Higher Adoption of Third-Party IT Platforms
Challenges
- Lack of Skilled Workforce
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Enterprise Performance Management Market, By Application
7 Enterprise Performance Management Market, By Business Function
8 Enterprise Performance Management Market, By Component
9 Enterprise Performance Management Market, By Deployment Mode
10 Enterprise Performance Management Market, By Enterprise Size
11 Enterprise Performance Management Market, By Vertical
12 Enterprise Performance Management Market, By Region
13 Competitive Landscape
14 Company Profiles
- IBM
- SAP
- Oracle
- Workiva
- SAS Institute
- Capgemini
- CA Technologies
- HCL Technologies
- KPMG
- Microstrategy
- The Hackett Group
- Emtec
- Adaptive Insights
- Anaplan
- Host Analytics
- Infor
- Longview
- CCH Tagetik
- Prevero
- Prophix
- Vena
- Kaufman Hall
- Deloitte
- Board
- Corporater
For more information about this report visit https://www.researchandmarkets.com/research/wb9bxs/global_enterprise?w=4
