Global Enterprise Performance Management market research 2024, Forecast To 2033

Similarly, the enterprise performance management market has exhibited notable expansion, climbing from$6.81 billion in 2023 to$7.31 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to operational efficiency goals, demand for performance measurement, adoption of balanced scorecard methodologies, improved data visualization, and a focus on customer relationship management. Anticipated growth in the coming years is expected, projecting a size of$9.81 billion in 2028 at a CAGR of 7.6%. The growth in the forecast period can be attributed to continuous shifts to cloud-based solutions, mobile-centric solutions, heightened data security measures, sustainability integration, and demand for integrated platforms. Major trends in the forecast period include integration of advanced analytics, adoption of cloud-based solutions, focus on real-time data, integration of business intelligence, and enhancement of strategic planning.