PUBLISHER: Grand View Research | PRODUCT CODE: 1789972
PUBLISHER: Grand View Research | PRODUCT CODE: 1789972
Enterprise Performance Management Market Summary
The global enterprise performance management market size was estimated at USD 6.73 billion in 2024 and is projected to reach USD 15.35 billion by 2033, growing at a CAGR of 10.0% from 2025 to 2033. The increasing adoption of digital transformation initiatives and the rising volume and complexity of business data are the key factors driving market growth.
Enterprise performance management (EPM) helps effectively plan, measure, and manage an organization's performance to achieve its strategic goals. EPM's integrated approach combines various functional areas involving financial planning, budgeting, forecasting, performance reporting, and analytics to provide a holistic view of an organization's performance. For instance, in November 2023, Jedox, a globally renowned adaptable planning and performance management platform provider, entered into a strategic partnership with Fincons Group. The collaboration between both companies is expected to deliver innovative solutions to finance teams in countries such as Italy, Switzerland, France, Germany, Belgium, the UK, and the U.S. by fostering growth and profitability in these regions.
By aligning an organization's strategic objectives with its operational activities, EPM helps businesses make informed decisions, allocate resources optimally, and monitor performance against predefined targets. The other key offerings of enterprise performance management that are mainly considered are risk management and workforce planning.
Companies worldwide embrace digital transformation initiatives to enhance operational efficiency, streamline business processes, and gain a competitive edge. EPM solutions play a crucial role in this transformation by providing organizations with better visibility, control, and optimization of their financial and operational performance. The increasing volume and complexity of business data have led to a higher demand for advanced analytics capabilities in EPM solutions.
These capabilities help organizations make data-driven decisions, improve forecasting accuracy, and identify areas for optimization and cost reduction. Further, businesses operating in highly regulated industries such as finance and IT & Telecom need robust EPM solutions to ensure compliance with various regulatory requirements. EPM systems help organizations maintain regulatory compliance by automating processes, providing real-time monitoring, and generating accurate reports.
Moreover, EPM relies heavily on accurate and reliable data. In case the data used for performance measurement and decision-making needs to be completed, consistent, or accurate, the insights generated are expected to be misleading, leading to incorrect decisions and poor performance outcomes. The EPM often involves collecting, storing, and analyzing sensitive data, which probablyincreases the risk of cyber threats involving data breaches or cyberattacks. Inadequate security measures are expected to compromise the confidentiality, integrity, and availability of critical data, potentially leading to severe consequences for the organization.
Cloud adoption is also fueling market growth by making EPM solutions more accessible, scalable, and cost-effective for businesses of all sizes. Traditional on-premise EPM systems were often expensive, complex to implement, and difficult to update. Cloud-based EPM platforms, in contrast, offer lower upfront costs, faster deployment, and seamless upgrades, which make them particularly attractive to small and medium-sized enterprises (SMEs) as well as large corporations. These platforms also provide advanced capabilities such as artificial intelligence, machine learning, and natural language processing, which help improve forecasting accuracy, automate repetitive tasks, and enhance user experience. As businesses look to modernize their financial systems and become more agile, cloud-native EPM solutions are becoming the preferred choice.
Furthermore, the increased emphasis on performance transparency and accountability within organizations is reinforcing the demand for EPM solutions. Stakeholders, including investors, board members, and internal management, are seeking greater visibility into how resources are being allocated and how performance aligns with long-term goals. EPM tools provide dashboards, scorecards, and customizable reports that help track KPIs and link operational actions to strategic outcomes. This visibility is essential not only for internal governance but also for engaging external stakeholders and building trust. By fostering a performance-driven culture, EPM solutions help organizations improve alignment, accountability, and strategic execution across all levels of the business.
Global Enterprise Performance Management Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global enterprise performance management market report based on offering, function, deployment, enterprise size, end use, and region.