Enterprise Performance Management (EPM) software is a tool used to evaluate and manage employee performance. Through this software, companies can more efficiently manage employee performance and also gain a more comprehensive understanding of their performance. This type of software generally integrates multiple modules such as finance, human resources, and supply chain. It can set different evaluation standards for different positions, departments, teams, or individuals, record employee performance, analyze their strengths and weaknesses, and develop corresponding improvement plans based on this.
Segmented Market Analysis
According to the different types of servers required, enterprise performance management software can be divided into two categories: cloud-based software and local software. Among them, cloud-based enterprise performance management software holds a significant market share. According to our research data, the global revenue of the cloud-based enterprise performance management software segment was $3860 million in 2023, with a revenue share of 56.18%. In the future, with the further development of cloud computing technology, it is expected that enterprise performance management software will be more inclined towards cloud-based. Because this can not only reduce the IT costs of enterprises but also improve the flexibility and scalability of software.
From the perspective of regional development, North America and Europe are the most important markets in the global enterprise performance management software industry. Data shows that in 2023, the revenue of the North American and European enterprise performance management software markets was $2861 million and $2247 million, with revenue shares of 41.64% and 32.70%, respectively; The Asia Pacific region ranked third with a share of $1344 million and 19.56% and is expected to become the fastest-growing market.
Global EPM Software Market Revenue and Share by Type and Application in 2023
|
|
Market Revenue (Million USD) |
Share |
|
Segmented by Type |
||
|
Cloud-based |
3860 |
56.18% |
|
On-premise |
3011 |
43.82% |
|
Segmented by Application |
||
|
North America |
2861 |
41.64% |
|
Europe |
2247 |
32.70% |
|
Asia Pacific |
1344 |
19.56% |
|
South America |
232 |
3.38% |
|
Middle East & Africa |
186 |
2.71% |
Source: www.globalmarketmonitor.com
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