LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global enterprise performance management application market and the market is poised to grow by USD 2.08 billion during 2019-2023, progressing at a CAGR of nearly 9% during the forecast period. Request Free Sample Pages
Read the 132-page research report with TOC on "Enterprise Performance Management Application Market Analysis Report by End-users (BFSI, telecom and IT, manufacturing, healthcare, retail, and other end-users), by Geography (APAC, Europe, MEA, North America, and South America), and Segment Forecasts, 2019 - 2023"
The market is driven by the growing need to comply with changing regulations. In addition, the use of RPA in enterprise performance management is anticipated to further boost the growth of the enterprise performance management application market.
Many end-user industries are focusing on the adoption of RPA to automate their enterprise processes and operations such as data manipulation. It also expedites business tasks such as the creation of metadata, triggering responses, and data cleansing. Moreover, the automation of such tasks helps in minimizing errors, improving process flows, and eliminating risks. Thus, the use of RPA in enterprise performance management is expected to drive market growth during the forecast period.
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Major Five Enterprise Performance Management Application Market Companies:
Anaplan Inc. is headquartered in the US and offers Anaplan for Finance. This solution is used for compiling data across an enterprise and connecting business plans for financial planning. The company is partnering with other companies to automate and simplify core enterprise functions by delivering cloud-based enterprise performance management solutions.
IBM Corp. is headquartered in the US and manufactures and offers products through the following business units: Cognitive solutions, Global Business Services, Technology Services & Cloud Platforms, Systems, and Global Financing. The company provides Financial Planning and Analysis solutions.
Oracle Corp. is headquartered in the US and has business operations under the segments, Cloud and license, Hardware, and Services. The company offers Oracle Enterprise Performance Management (EPM) Cloud solution that comprises of enterprise data management, comprehensive financial close, narrative reporting, and connected planning.
SAP SE is headquartered in Germany and offers products through several business segments including Applications, Technology & Services, SAP Business Network, and Customer Experience. The company offers Collaborative Enterprise Planning solution, which is used for aligning and linking all the business plans of an organization.
Workiva Inc. is headquartered in the US and offers Integrated Financial Planning. This solution is used in financial processing by connecting data across all plans and budgets. The company is focusing on the expansion of its Wdesk platform with Wdata.
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Enterprise Performance Management Application End-users Outlook (Revenue, USD Million, 2019 - 2023)
- Telecom and IT
- Other end-users
Enterprise Performance Management Application Regional Outlook (Revenue, USD Million, 2019 - 2023)
- North America
- South America
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