Worldwide Enterprise Performance Management Applications Software Forecast, 2018–2022
This IDC study presents the historical view of the worldwide EPM software market for 2013–2017 and the forecast of the market for 2018–2022. The study includes a breakdown of the market by three geographic regions and by public cloud versus on-premises/other software deployment methods. It also includes a discussion of key market drivers and inhibitors as well as guidance to vendors."The EPM software market, which in 2017 reached $3.9 billion worldwide, is expected to grow at a five-year CAGR of 8.9%. There is significant opportunity for growth because of the ubiquity of spreadsheets used in planning as well as aging legacy EPM applications," said Chandana Gopal, research manager, Analytics and Information Management. "Enterprises will have to invest in collaborative, modern EPM to succeed in their digital transformation initiatives."
Please Note: Extended description available upon request.
- IDC Market Forecast Figure
- Executive Summary
- Advice for Technology Suppliers
- Market Forecast
- Market Context
- Drivers and Inhibitors
- Drivers
- Ample Opportunity for Growth Among Enterprises of All Sizes
- Digital Transformation Is Impacting Enterprises of All Sizes
- Data and Analytics Is a Competitive Differentiator
- Inhibitors
- The Alternative to EPM Is the Ubiquitous Spreadsheet
- Cloud Is Not as Sticky and Has Slower Revenue Recognition
- Significant Market Developments
- Changes from Prior Forecast
- Market Definition
- Enterprise Performance Management Applications
- Methodology
- Historical Market Values and Exchange Rates
- Related Research
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