Enterprise Performance Management Market Growth Analysis by Drivers, Restraints, Application & Region – Global Forecast 2023

November 02 15:25 2017

Enterprise Performance Management Market – Global Drivers, Restraints, Opportunities, Trends, and Forecasts to 2023
A new independent 96 page research with title ‘Enterprise Performance Management Market – Global Drivers, Restraints, Opportunities, Trends, and Forecasts to 2023’ guarantees you will remain better informed than your competition.

The need for reducing the operational cost, increased focus on core business, and the need to improve scalability are expected to shape the global enterprise performance management market to grow at a CAGR of 11.4% to aggregate $9.86 billion by 2023

The deployment model, such as on-premises and on-cloud, is boosting the global enterprise performance management market. Additionally, the rising demand from SMEs and various industry verticals, economic growth, and scalable resources are the prime factors driving the growth of the market.

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According to the Research, the global enterprise performance management market will experience significant growth during the forecast period due to the need for reducing the operational cost, increased focus on core business, the need to improve scalability and time to market, and the requirement of regulatory compliance and security. The market is expected to grow at a CAGR of 11.4% during the forecast period 2017–2023 to touch an aggregate of $9.86 billion by 2023.
 

In the new digital connected world, the enterprise performance management market has reported significant growth and is presenting ample opportunities to the industry players. Enterprise performance management solutions and services are used by organizations of all sizes from small, medium, to large, across various industry verticals such as manufacturing, telecom and IT, healthcare, retail, banking, financial services, and insurance, and others.
The enterprise performance management market is evolving with a shift toward the cloud model. Workloads will consolidate in the largest and most efficient facilities. Established network hubs will assume a central role in the evolution of the cloud, connecting enterprises to their data and applications in third-party server providers. For large technology companies, enterprise performance management will be the engine driving the growth of their digital empire.

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TABLE 1 ENTERPRISE PERFORMANCE MANAGEMENT REVENUE BY END-USER VERTICALS, 2017-2023 ($BILLION)
End-user verticals 2017 2018 2019 2020 2021 2022 2023 CAGR (%)
Telecom & IT 1.52 xx xx xx xx xx 2.94 xx
BFSI xx xx xx xx xx xx xx xx
Healthcare xx xx xx xx xx 1.46 xx xx
Retail xx xx xx xx xx 1.35 xx xx
Manufacturing 0.48 xx xx xx xx xx 0.94 xx
Others xx xx xx xx xx xx 0.84 xx
Total  5.15 xx xx xx xx xx 9.86 11.4

“The enterprise performance management market is an attractive space for technology providers, investors, service providers, application providers, and content providers to expand their business in the core enterprise operations. The enterprise application segment holds enormous opportunities in the next 5–6 years due to the rising penetration of cloud-based service adoption, digital technology, IoT, and advanced technologies

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyzes the global enterprise performance management market according to the solutions, services, deployment modes, end-user verticals, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key trends (current and future) of the market

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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
5.2.1.1 Need for reducing the operational cost 22
5.2.1.2 Increased focus on core business and improve scalability 22
5.2.1.3 Need to improve time to market 23
5.2.1.4 Requirement of regulatory compliance and security 23
5.2.2 Restraints 23
5.2.2.1 Shifting of workloads 23
5.2.2.2 Lack of awareness 23
5.2.3 Opportunities 24
5.2.3.1 High adoption of third IT platform 24
5.2.3.2 Demand for developing economies 24
5.3 DRO – Impact Analysis 24
5.4 Key Stakeholders 25
6 Solution: Market Size and Analysis 26


….Continued

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