Dublin, Oct. 11, 2018 (GLOBE NEWSWIRE) -- 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 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 10.0% during the forecast period.

The major factors that are expected to drive the growth of the EPM market include:

• The demand for reducing operational costs.
• Adopting cloud-based solutions
• A need for improvement in business performance
• The adoption of data-driven decision making
• Making business strategies transparent to all employees.

"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.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the EPM market.

• By Company Type: Tier I: 22%, Tier II: 42%, and Tier III: 36%
• By Designation: C-Level: 28%, Director Level: 40%, and Others: 32%
• By Region: North America: 38%, Europe: 27%, APAC: 25%, MEA: 5%, and Latin America: 5%

Research Coverage

The report segments the global Enterprise Performance Management market by application, business function, component, deployment mode, enterprise size, vertical, and region:

By Application:

• Enterprise Planning and Budgeting,
• Financial Consolidation
• Financial Reporting and Compliance
• Supply Chain Performance Management
• Predictive Analytics
• Workforce Planning
• Cost and Profitability Management
• Risk Strategy Management

By Business Function:

• Finance
• HR
• Supply Chain
• Sales and Marketing
• Other (IT, operations, and support and maintenance)

By Component:

• Solutions
• Services

By Deployment:

• Cloud
• On-premises

By Enterprise Size:

• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises

By Vertical:

• Banking, Financial Services, and Insurance (BFSI)
• Retail and eCommerce
• IT and Telecommunications
• Media and Entertainment
• Manufacturing
• Healthcare and Life Sciences

By Region:

• North America
• Europe
• Asia Pacific (APAC)
• Middle East and Africa (MEA)
• Latin America

The report would help the market leaders and new entrants in the global EPM enterprise performance management market in the following ways:

• The report segments the market into various subsegments, hence it covers the market comprehensively.
• It provides the closest approximations of the revenue numbers for the overall market and its subsegments.
• The market numbers are further split across various applications and regions.
• The report helps in understanding the overall growth of the market. It also provides information about on key market drivers, restraints, challenges, and opportunities.
• The report helps stakeholders in understanding their competitors better and gaining more insights to strengthen their positions in the market.
• The study also presents the positioning of the key players based on their product offerings and business strategies.

Companies Mentioned

• 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/8p8h5f/enterprise?w=12

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