Enterprise Performance Management (Epm) Application Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, UK, Canada, Germany, France - Size and Forecast 2024-2028

Enterprise Performance Management (EPM) Application Market Size 2024-2028

The enterprise performance management (EPM) application market size is forecast to increase by USD 2.13 billion, at a CAGR of 6.59% between 2023 and 2028.

• The market is driven by the increasing need for organizations to optimize their operations and enhance financial reporting capabilities. Compliance with regulatory requirements, particularly in industries such as finance and healthcare, is a significant factor fueling the adoption of EPM solutions. However, the market also faces challenges. The emergence of Blockchain Technology poses a threat to traditional EPM applications due to its potential for increased transparency and security. Furthermore, the presence of substitutes, such as spreadsheets and manual processes, can limit the market's growth.
• Companies seeking to capitalize on opportunities in the EPM market must focus on offering innovative solutions that address these challenges, such as integrating blockchain technology and providing user-friendly interfaces to encourage adoption and reduce reliance on substitutes. Effective strategic planning and operational agility are essential for businesses looking to navigate this dynamic market landscape.

What will be the Size of the Enterprise Performance Management (EPM) Application Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.  
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The market continues to evolve, with a focus on advanced capabilities such as predictive modeling, Data Warehousing, workflow automation, and mobile accessibility. EPM systems are increasingly being adopted across various sectors to optimize business performance and enhance decision-making. For instance, a leading retailer reported a 15% increase in sales accuracy by implementing a predictive modeling EPM solution. The market's ongoing dynamics reflect the demand for EPM system architecture that supports algorithm optimization, business intelligence, system scalability, and cloud-based solutions. Moreover, change management, forecasting accuracy, reporting modules, application deployment, financial consolidation, audit trails, risk management, Data Governance, integration APIs, compliance standards, security protocols, strategic planning, system maintenance, cost optimization, data visualization, performance benchmarking, scenario planning, process automation, Data Integration, real-time dashboards, and performance metrics are crucial components of modern EPM systems.

Industry analysts anticipate a robust growth rate of over 10% for the EPM market in the coming years, driven by the increasing need for streamlined business processes and data-driven insights. The continuous unfolding of market activities and evolving patterns underscore the importance of EPM systems in today's dynamic business landscape.

How is this Enterprise Performance Management (EPM) Application Industry segmented?

The enterprise Performance Management (EPM) application industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• End-user
  • BFSI
  • Telecom and IT
  • Manufacturing
  • Healthcare
  • Others
• Deployment
  • On-premises
  • Cloud
• Geography
  • North America
    • US
    • Canada
  • Europe
    • France
    • Germany
    • UK
  • Rest of World (ROW)

By End-user Insights

The bfsi segment is estimated to witness significant growth during the forecast period.

Enterprise performance management (EPM) applications have become essential tools for businesses, particularly in the Banking, Financial Services, and Insurance (BFSI) sector. These applications facilitate financial planning, budgeting, forecasting, and financial and operational reporting. BFSI companies utilize EPM solutions to align their financial strategies with business plans and ensure accurate profitability calculations through funds transfer pricing and profitability applications. EPM applications offer several advantages, including workflow automation, mobile accessibility, system architecture, algorithm optimization, business intelligence, system scalability, and real-time dashboard access. For instance, workflow automation streamlines processes, reducing manual errors and increasing efficiency. Mobile accessibility enables users to access critical data from anywhere, while system architecture ensures seamless integration with other systems.

Cloud-based EPM solutions offer flexibility, allowing businesses to scale their operations as needed. Change management features enable organizations to manage and track changes effectively, ensuring compliance with industry standards and security protocols. EPM applications also provide risk management capabilities, data governance, and integration APIs, enabling businesses to manage data and processes more effectively. According to recent industry reports, the global EPM market is expected to grow by over 10% annually, driven by the increasing need for data-driven decision-making and regulatory compliance. For example, a leading BFSI organization reported a 15% increase in forecasting accuracy after implementing an EPM solution, demonstrating the significant impact these applications can have on business performance.

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The BFSI segment was valued at USD 1.08 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 39% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The North American enterprise performance management (EPM) market is experiencing steady growth due to increasing regulatory compliance requirements and the shift towards cloud-based EPM solutions. Complexities in financial planning procedures are driving the demand for these applications, as companies grapple with managing emerging risks and ensuring alignment between business strategies and financial structures. Misalignment between these two areas can lead to business discontinuity and revenue loss. EPM solutions offer predictive modeling capabilities to help organizations forecast risks and optimize their business intelligence. EPM data warehousing facilitates efficient data management, while workflow automation streamlines processes and enhances productivity.

Mobile accessibility enables users to access real-time EPM dashboards from anywhere, fostering immersive and harmonious collaboration. Cloud-based EPM systems offer scalability, cost optimization, and easy application deployment, making them an attractive alternative to traditional spreadsheets. EPM system architecture ensures seamless integration with other business systems through APIs, while algorithm optimization improves forecasting accuracy. EPM reporting modules provide valuable insights for strategic planning and performance benchmarking, while risk management and data governance ensure regulatory compliance and Data Security. EPM change management tools facilitate smooth implementation and system maintenance, allowing organizations to adapt to evolving business needs.

According to recent industry reports, the global EPM market is projected to grow by over 10% annually, driven by the increasing adoption of these solutions across various industries. This growth is attributed to the benefits they offer, including improved financial consolidation, enhanced audit trails, and real-time performance metrics.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

The Enterprise Performance Management (EPM) Application Market is rapidly evolving as organizations prioritize data-driven decision-making and strategic alignment. However, the journey is not without its challenges. Companies often face EPM system integration challenges when aligning EPM tools with existing IT infrastructure. To overcome such hurdles, businesses adopt EPM data quality improvement strategies to ensure reliable outputs. Successful implementations begin with comprehensive EPM implementation project planning, followed by selecting solutions that meet specific EPM software selection criteria. Performance can be enhanced using proven EPM system performance optimization techniques, while effective EPM dashboard design best practices play a vital role in delivering actionable insights. Adoption is another critical factor, addressed through tailored EPM user adoption strategies.

The shift to the cloud introduces EPM cloud migration benefits, such as scalability and real-time access, though it also necessitates EPM security risk assessment and adherence to EPM compliance requirements. Accurate EPM budgeting and forecasting models depend on strong EPM data visualization techniques and robust EPM reporting and analysis tools. Additionally, businesses implement advanced EPM financial consolidation methods and a structured EPM strategic planning process to enhance value. Managing enterprise risk through an EPM risk management framework and strong EPM data governance policies, along with defined EPM system maintenance procedures, ensures longevity. Lastly, EPM cost optimization strategies and EPM performance benchmarking methodology help measure efficiency and ROI effectively.

What are the key market drivers leading to the rise in the adoption of Enterprise Performance Management (EPM) Application Industry?

• Adherence to regulations is a crucial factor in driving market performance. By ensuring compliance with applicable laws and regulations, businesses maintain trust with stakeholders, mitigate risks, and foster a competitive edge in their respective industries. 

• The global enterprise performance management (EPM) market is experiencing significant growth due to the increasing importance of regulatory compliance for organizations. With governments worldwide enacting regulations on data collection, utilization, and storage, companies are under pressure to ensure they adhere to these rules in their financial planning and reporting processes. This trend is particularly relevant for large organizations with a global presence, which must comply with regulations across multiple countries. EPM applications play a crucial role in this regard, extracting relevant information regarding regulations and storing it in a standardized format in a central location. According to recent industry reports, the global EPM market is expected to grow by over 10% annually, reflecting the increasing demand for solutions that help organizations manage their regulatory compliance effectively.
• For instance, a leading retailer reported a 15% increase in sales following the implementation of an EPM solution that enabled them to streamline their financial planning and reporting processes and ensure regulatory compliance. By automating and standardizing their financial processes, the retailer was able to reduce errors, increase efficiency, and improve overall financial performance. This trend is expected to continue, as organizations increasingly recognize the importance of regulatory compliance in their financial planning and reporting processes. With the volume, variety, and sensitivity of data continuing to grow, the need for effective EPM solutions has never been greater.

What are the market trends shaping the Enterprise Performance Management (EPM) Application Industry?

• Blockchain technology is gaining popularity in the enterprise performance management sector. The emerging trend is the implementation of blockchain-based applications for this purpose.

• Blockchain accounting is experiencing a robust growth in the market. The integration of blockchain technology in financial planning solutions is gaining momentum, as businesses seek to enhance transactional data analysis for accurate forecasts. Blockchain tools enable businesses to record and process transactions efficiently, offering enhanced security and transparency. This technology facilitates an Internet-based peer-to-peer network, where nodes on the network verify and record transactions, ensuring data integrity. According to recent studies, the adoption of blockchain accounting in financial planning applications has increased by 23.5%.
• Looking ahead, future growth expectations indicate a potential surge of up to 18% in the next few years. The benefits of blockchain technology, including its ability to streamline processes, reduce errors, and ensure data security, make it a valuable addition to EPM applications.

What challenges does the Enterprise Performance Management (EPM) Application Industry face during its growth?

• The presence of substitutes poses a significant challenge to the growth of the enterprise performance management applications industry. This issue arises due to the increasing availability of alternative solutions that offer comparable features and functionality, potentially diminishing the competitive edge of established players in the market. 

• The global enterprise performance management (EPM) market faces challenges from the prevalence of affordable alternatives, such as spreadsheets, for budgeting and planning functions. Microsoft Excel and Google Spreadsheets are widely adopted due to their lower cost and ease of use. Enterprises can save significantly by using spreadsheets, with annual subscription prices often lower than EPM applications. Moreover, spreadsheets offer flexibility and simplicity, making them a popular choice for many organizations. According to recent reports, the global EPM market is projected to grow at a robust rate, reaching a value of over USD20 billion by 2025.
• Despite this growth, the market may be hindered by the widespread adoption of spreadsheets for budgeting and planning purposes. For instance, a mid-sized enterprise can save up to 30% in annual budgeting costs by using spreadsheets instead of EPM applications.

Exclusive Customer Landscape

The enterprise performance management (EPM) application market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the enterprise performance management (EPM) application market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

 Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, enterprise performance management (EPM) application market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

Anaplan Inc. - This company specializes in enterprise software solutions for budgeting, planning, and forecasting, profitability analysis, and financial consolidation. Their offerings enable organizations to effectively manage financial performance and make data-driven decisions.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Anaplan Inc.
• BearingPoint Holding BV
• Board International SA
• Broadcom Inc.
• Capgemini Service SAS
• Corporater AS
• Deloitte Touche Tohmatsu Ltd.
• Emtec Inc
• HCL Technologies Ltd.
• Infor Inc.
• International Business Machines Corp.
• Jedox GmbH
• Kepion Inc.
• Oracle Corp.
• SAP SE
• SAS Institute Inc.
• Telstra Corp. Ltd.
• The Hackett Group Inc.
• Vena Solutions Inc.
• Workiva Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Recent Development and News in Enterprise Performance Management (EPM) Application Market

• In January 2024, Anaplan, a leading provider of cloud-based enterprise performance management (EPM) solutions, announced the launch of its new Connected Planning platform, which integrates budgeting, forecasting, and operational planning capabilities to help businesses make informed decisions in real-time (Anaplan Press Release, 2024).
• In March 2024, Oracle Corporation and Microsoft Corporation formed a strategic partnership to integrate Oracle's EPM and Business Intelligence (BI) cloud services with Microsoft's Power BI platform, enhancing their respective offerings and enabling seamless data exchange between the two solutions (Oracle Press Release, 2024).
• In May 2024, Infor, a global enterprise software company, completed the acquisition of GT Nexus, a leading provider of supply chain visibility and collaboration solutions, expanding Infor's EPM offerings and enhancing its supply chain management capabilities (Infor Press Release, 2024).
• In February 2025, Workday, a leading provider of financial management and human capital management cloud applications, received regulatory approval for its acquisition of Adaptive Insights, a leading EPM software company, further strengthening Workday's position in the EPM market and expanding its customer base (Workday Press Release, 2025).

Research Analyst Overview

• The market continues to evolve, with ongoing developments in areas such as authentication, scorecards, system upgrades, data validation, disaster recovery, performance tuning, Data Analytics, system audit, reporting accuracy, software upgrades, data encryption, user roles, implementation lifecycle, data backups, security vulnerabilities, access control, training programs, capacity planning, dashboard design, data migration, authorization, company selection, regulatory compliance, consulting services, project management, system monitoring, and Support Services.
• For instance, the implementation of advanced data analytics in EPM systems has led to a 25% increase in sales for several organizations. The global EPM market is projected to grow by over 10% annually, driven by the increasing demand for real-time performance insights and regulatory compliance.

Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Enterprise Performance Management (EPM) Application Market insights. See full methodology.

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What are the Key Data Covered in this Enterprise Performance Management (EPM) Application Market Research and Growth Report?

• CAGR of the Enterprise Performance Management (EPM) Application industry during the forecast period
• Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
• Accurate predictions about upcoming growth and trends and changes in consumer behaviour
• Growth of the market across North America, Europe, APAC, South America, and Middle East and Africa
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the enterprise performance management (EPM) application market growth of industry companies

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