Enterprise Performance Management Software Market
The market study for business performance management software, which is based on current trends and data from the previous year, appears to provide a thorough picture. The first section's market overview seeks to provide the reader with sufficient information about the product and services. Along with product applications and end-user industries, it focuses on market definition. The report's time frame ranges from 2022 to 2027. The core component of the paper provides a detailed research that covers competitive evaluations and significant market developments.
The Enterprise Performance Management (EPM) software market is soaring due to an increasing demand for upgrading the strategy of organizations. The involvement of cloud based EPM software builds on the benefits of the traditional EPM software, making it faster and easier to implement, increase the speed of innovation across the organizations, reduce the operating costs of entities using the EPM software and supporting increased collaboration and teamwork in the entire organization. EPM software also helps in automating tasks that are manual in nature and increase the implementation speed of key finance processes. The EPM software is designed to help in the implementation of the strategic plans and goals that enterprises have set for themselves and help in the attainment of such goals as per the broader vision and mission of the enterprises.
BFSI End User Segment to Exhibit a CAGR of 4.0% During the Assessment Period
According to the assessment of Persistence Market Research, the BFSI end user segment is poised to touch a figure of about US$ 990 Mn in the year 2022. This signifies a CAGR of 4.0% during the assessment period from 2017 till the year 2022. The BFSI end user segment is estimated to account for nearly one-fourth of the revenue share of the end user segment by the end of the year 2017 and is projected to lose market share by 2022 over 2017.
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