HTF Market Intelligence released a new research report of 96 pages on title ‘Enterprise Performance Management Market – Global Drivers, Restraints, Opportunities, Trends, and Forecasts to 2025 with detailed analysis, forecast and strategies. The study covers key regions that includes North America, Europe or Asia and Major vendors such as SAP (Germany), IBM (US), Oracle (US), Workiva (US), Adaptive Insights (US), Anaplan(US), Host Analytics (US), Infor (US), Longview (Canada), CCH Tagetik (Italy), Prevero (Germany), Prophix (Canada), Vena (Canada), Kaufman Hall (US), Deloitte (US), BOARD (Switzerland), Corporater (Norway), HCL (India), SAS Institute (US), MicroStrategy (US), Capgemini (France), CA Technologies (US), The Hackett Group (US), Emtec (US), and KPMG (UK).
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The recent evolution of IT and cloud services as a business has changed the entire industry. Improvements in enterprise capacity and performance, container-based service, and flash storage capabilities have further improved the enterprise performance management market. There are numerous factors that redefine the enterprise performance management market. Rapid improvement in the efficiency, the introduction of cloud-based enterprise performance management solutions and services offerings, use of cloud computing, software-define networking (SDN), and virtualization mean that the organizations require new approaches to meet the demands for enterprise performance management.
With cloud computing entering the market, the opinion regarding the future of enterprise performance management has started to change. The market is sending mixed signals with the changing business landscape. Thus, the cloud-based deployment mode will have the highest growth. The cloud service providers will help enterprises of all size in understanding the changing technology and its effect on future demand. Presently, decisions regarding the use of cloud require a structured approach. Organizations need to assess the workloads and identify the applications that can be moved out of the on-premises model into the cloud. The workloads are not cloud-ready, and can be run on on-premises or moved to colocation depending upon the nature and business criticality.
The benefits of cost and efficiency of cloud computing are compelling, fostering business managers to move certain applications to the cloud keeping in mind that this move would not expose the business to risk, increased cost, and disruption. The first stage is the re-platforming of applications, for instance, transitioning them from Unix or mainframe-based architecture to an X86 architecture allowing users to move away from physical infrastructure using virtualization technologies. This process is complex, which requires an integration with cloud partners to undertake cloud migration across heterogenous environment.
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Most of the organizations are running test for cloud commuting. Few have migrated their entire infrastructure to a public or private cloud and many still require on-premises infrastructure to meet the needs of the future. Enterprise performance management on cloud has significant opportunities for organizations to save costs, and become efficient and agile by optimizing the traditional facilities. The aging infrastructure cost makes it difficult to capitalize on the transformational trends such as mobility and cloud.
Research forecasts the global enterprise performance management market to grow at a CAGR of 11.4% during the forecast period. The market is segmented into solutions, services, deployment modes, end-user verticals, and regions.
• The report covers the present scenario and the growth prospects of the enterprise performance management during the period 2019–2025. Moreover, to calculate the market size, the report considers the revenue generated from the below-mentioned segments:
o Solutions: The segment includes the revenue generated from planning, budgeting, and forecasting, financial reporting, strategy and measurement, and analytics
o Services: The segment includes the revenue generated from the consulting services, implementation services, managed services, training and support, and others
• The report covers drivers, restraints, and opportunities affecting the market growth during the forecast period.
• The report gives insight about the application verticals where enterprise performance management products are being used.
• The report covers the adoption and usage of enterprise performance management in different regions. The regions include North America, Europe, Asia Pacific (APAC), and the Latin America, and the Middle East & Africa (MEA).
• It also contains an analysis of the forecast revenues, vendor profiles, companies to watch for, and business strategies, and views.
• It contains an analysis of vendor profiles, which include financial health, business units, geographical revenue, business focus, SWOT, business strategy, and views.
• In the vendor profile section, for companies that are privately held, financial information and revenue of segments will be limited.
• The report covers political, economic, social, and technological (PEST) factors affecting the market growth during the forecast period.
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Table of Contents
1 Industry Outlook 10
1.1 Industry Overview 10
1.2 Industry Trends 10
1.3 PESTLE Analysis 11
2 Report Outline 12
2.1 Report Scope 12
2.2 Report Summary 12
2.3 Research Methodology 14
2.4 Report Assumptions 14
3 Market Snapshot 15
3.1 Total Addressable Market (TAM) 15
3.2 Segmented Addressable Market (SAM) 15
3.3 Related Market 17
3.3.1 Virtualization 17
3.3.2 AI Market 17
3.3.3 Cognitive Analytics 17
3.3.4 mHealth Market 17
4 Market Outlook 18
4.1 Overview 18
4.2 Market Definition – Infoholic Research 18
4.3 Segmentation 19
4.4 Porter 5 (Five) Forces 19
5 Market Characteristics 21
5.1 Market Trends 21
5.2 Market Dynamics 21
5.2.1 Drivers 22
220.127.116.11 Need for reducing the operational cost 22
18.104.22.168 Increased focus on core business and improve scalability 22
22.214.171.124 Need to improve time to market 23
126.96.36.199 Requirement of regulatory compliance and security 23
5.2.2 Restraints 23
188.8.131.52 Shifting of workloads 23
184.108.40.206 Lack of awareness 23
5.2.3 Opportunities 24
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