target audience: TECH SUPPLIER Publication date: Jun 2023 - Document type: Market Share - Doc Document number: # US49497523
Worldwide Enterprise Performance Management Applications Market Shares, 2022: Navigating Uncertainty Through Data-Driven Planning, Scenario Evaluation, and Analysis
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Abstract
This IDC study discusses the market sizing and vendor shares of the EPM applications market, including vendor revenue for 2020–2022 and the corresponding shares and growth rates of the largest vendors worldwide. In 2022, the EPM applications market grew 8.7% to reach $6.3 billion. Public cloud deployments grew by 26.5%, while all other deployment options declined by 7.6%.
"We are increasingly seeing more EPM applications vendors respond to client demand by incorporating capabilities like predictive modeling, scenario planning, predictive forecasting, integrated planning, and external intelligence into their software," said Ray Huo, senior research analyst, Business Analytics and Decisioning Software at IDC.