North America Enterprise Performance Management Market Size, Share & Trends Analysis Report By Deployment (On-premise and Cloud), By Offering (Solution and Services), By Function, By Enterprise Size, By Vertical, By Country and Growth Forecast, 2024 - 2031

The North America Enterprise Performance Management Market is expected to witness market growth of 7.8% CAGR during the forecast period (2024-2031).

The US market dominated the North America Enterprise Performance Management Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $2.87 billion by 2031. The Canada market is experiencing a CAGR of 10% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 9.2% during 2024-2031.

 



Enterprise Performance Management (EPM) refers to processes, methodologies, and software tools to help organizations manage and optimize their overall performance. EPM focuses on aligning an organization’s strategies, plans, and execution to achieve its goals effectively and efficiently. It encompasses various activities, including financial planning, budgeting, forecasting, reporting, analysis, and performance monitoring. EPM enables businesses to make informed decisions, improve resource allocation, and enhance operational efficiency by offering an integrated approach to managing data and insights. The enterprise performance management market is evolving rapidly. It is shaped by the increasing need for sophisticated tools to parse vast and varied data sets, helping businesses optimize their operations and strategic decision-making.

In the current business landscape, the proliferation of data from diverse sources such as social media, transactional systems, and IoT devices presents both an opportunity and a challenge. The sheer volume of data available offers rich insights into customer behavior, operational efficiencies, and market trends, but it also requires sophisticated tools to capture, analyze, and interpret this information effectively. EPM systems meet this need by providing integrated platforms that can collect and aggregate this data and analyze it to provide actionable insights.

Mexico's rapid digital transformation and the expansion of its retail and e-commerce sectors have fueled the demand for EPM solutions. In 2022, Mexico's domestic eCommerce industry reached a value of USD 26.2 billion, marking a 23% growth from 2021, as the Mexican Online Sales Association reported. Businesses are being compelled to adopt sophisticated EPM tools to enhance operational efficiency, optimize resources, and manage performance as a result of the increasing consumer adoption of online platforms and the widespread penetration of the Internet. This growth is being driven by these factors. Thus, the rising complexity of data across industries underscores the critical role of EPM solutions in driving informed decision-making and improving organizational agility in North America.

List of Key Companies Profiled

• IBM Corporation
• SAP SE
• Oracle Corporation
• Workday, Inc.
• Anaplan, Inc. (Thoma Bravo, L.P.)
• Wolters Kluwer N.V.
• Infor, Inc.
• Board International S.A.
• Workiva, Inc.
• Prophix Software Inc. 

Market Report Segmentation

By Deployment

• On-premise
• Cloud

By Offering

• Solution
• Services

By Function

• Supply Chain
• Sales & Marketing
• Finance
• Human Resources
• Other Function

By Enterprise Size

• Large Enterprise
• Small & Medium Enterprise

By Vertical

• IT & Telecom
• BFSI
• Retail & Consumer
• Government
• Healthcare
• Manufacturing
• Other Vertical

By Country

• US
• Canada
• Mexico
• Rest of North America