Latest News- Enterprise Performance Management (Epm) Application Market: BFSI is expected to lead the End-user segment during 2024-2028

The Enterprise Performance Management (Epm) Application Market is being driven by Compliance of regulations

The Enterprise Performance Management (Epm) Application Market is expected to grow at a CAGR of 6.59% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2132.6 million. In the realm of Enterprise Performance Management (EPM), blockchain accounting is emerging as a game-changer. The convergence of financial planning IT solutions and blockchain technology is noteworthy. The volume of transactional data utilized in financial planning and forecasting is escalating. Blockchain tools offer businesses an efficient means to record and process transactions. Underlying this technology is an Internet-based peer-to-peer network, secured through computer-powered cryptography, enabling the secure exchange of transactions. Nodes on the network validate and record transactions, while blocks serve as immutable records, timestamped and linked to the previous block. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • BFSI
  • Telecom and IT
  • Manufacturing
  • Healthcare
  • Others
• Deployment
  • On-premises
  • Cloud
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • APAC
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Compliance of regulations
• Increased demand for cloud-based enterprise performance management applications
• Increasing need for performance visibility

However, the market also witnesses some limitations, which are as follows:

• Presence of substitutes in enterprise performance management applications
• Data security issues associated with enterprise performance management applications
• Implementation issues associated with enterprise performance management applications

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Market Scope in Enterprise Performance Management (Epm) Application Market Research Report

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Research Analysis Overview

The Enterprise Performance Management (EPM) application market encompasses various aspects, including EPM software upgrades, vendor selection, training programs, implementation lifecycle, system upgrades, data migration, project management, consulting services, support services, regulatory compliance, data analytics, scorecards, dashboard design, reporting accuracy, data validation, system monitoring, capacity planning, performance tuning, security vulnerabilities, data backups, disaster recovery, data encryption, access control, authorization, authentication, and system audit. These elements ensure effective EPM system management, data security, user access, and regulatory adherence.

Market Research Overview

Enterprise Performance Management (EPM) applications are a specialized segment of the global application software market. These solutions enable businesses to manage and optimize their performance by integrating data from various sources, employing predictive modeling techniques, and providing real-time insights through interactive dashboards. Technavio's market analysis covers EPM vendors offering on-premises, cloud-based, or hybrid solutions, with a focus on their revenue generation. Our research encompasses the architecture of these systems, including data integration mechanisms and predictive modeling capabilities, as well as the user experience delivered via real-time, interactive dashboards.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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