The Global Corporate Performance Management (CPM) Software Market Is Anticipated To Develop At A Compound Annual Growth Rate (CAGR) Of 6.5% Throughout The Course Of The Forecast, To Reach USD 10,106.4 Million By 2030.

Corporate Performance Management (CPM) Software Market Overview:

This growth is driven by growing interest in adopting business performance measurement tools. Additionally, cost reduction and business efficiencies provided by the software are fueling the global corporate performance management software industry market growth. However, lack of technical expertise and uncertain business requirements leading to business failure are likely to hamper market growth. Furthermore, advancements in AI and BI are helping CFOs and other business leaders to increase organizational performance and effectively manage strategy in a more controlled and transparent manner, which is expected to present an opportunity for the global corporate performance management software industry market.

Enterprise performance management is a type of software that monitors business performance, corporate performance and financial performance. For example, reporting, budgeting, scenario analysis, financial planning, and forecasting are included in enterprise performance management software. CPM meets two requirements. Enterprise performance management software improves financial business and facilitates performance management on an individual organizational basis. CPM software drives individual and project performance that is critical to corporate goals and strategies. Remodeling based on results and new forecasts also defines enterprise performance management software. Vendors are rapidly adopting CMP software to expand their offerings to remain competitive in the enterprise performance management software industry market.

Corporate Performance Management (CPM) Software market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Corporate Performance Management (CPM) Software market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Major Market Segments Covered in Corporate Performance Management (CPM) Software Industry Research:

Market Key Players:
Oracle, SAP, IBM, Microsoft, OneStream Software, Host Analytics, And Others.

By Type:

• Cloud-based Corporate Performance Management
• Browser-based Corporate Performance Management

By Application:

• Small Enterprises
• Medium Enterprises
• Large Enterprises

By Region:

The United States is the largest sales region for corporate performance management (CPM) software in the world. The overall US market accounts for approximately 52% of the global market, with Europe accounting for over 30% and Asia Pacific approximately 11%. North America is one of the lucrative regions for the corporate performance management (CPM) software market. One of the key reasons supporting this market growth is the growing acceptance of advanced technologies among businesses in the region.

In 2020, North America witnessed significant growth in the enterprise performance management software industry market and is expected to register favorable growth in the forecast year. This is due to increased demand, increased competition, and cost optimization strategies adopted by businesses operating in the region. However, China region is expected to witness greater growth in the market. The CPM market in this region has historically experienced significant growth and challenging development as vendors continue to offer a variety of functional and viable solutions based on business requirements. These vendors have extended their offerings with information systems analytics to help customers generate better reporting and stay ahead of the competition. This is a key factor driving the growth of the co-working space management software market in the region.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Market Driver

One of the major drivers fueling the CPM software market growth is the benefits of CPM software. Corporate performance management (CPM) is a part of business intelligence (BI) that monitors and manages an organization's performance based on key performance indicators (KPIs) such as revenue, return on investment (ROI), overhead and operating expenses. . A CPM solution turns useful and meaningful information into structured performance metrics to support an organization's decision-making process. CPM solutions simplify the collection, aggregation, and reporting of data from multiple sources with consistency and improved accuracy, delivering faster results in shorter timeframes. CPM provides trust and confidence in your financial data, along with job traceability and seamless workflow capabilities. This in turn will drive the CPM software market growth over the forecast period.

Market Trend

One of the key enterprise performance management software market trends contributing to the market growth is artificial intelligence-enabled CPM software. AI and ML have the potential to make organizations' plans far more effective and efficient. Ideally, these technologies can help improve the outcome of planning and the planning process itself, achieving more meaningful results faster and reducing the planner's workload. Faster simulations, more accurate predictions, and increased automation of enterprise planning are now within reach of companies using AI, ML, and statistical methods. Many vendors in the market also offer AI-powered CPM software. For example, Jedox EPM solutions help businesses accelerate planning, forecasting and reporting. The solution integrates AI and machine learning to help finance teams create better predictive models. These products will propel the growth of the enterprise performance management software market.

Market Challenge

One of the major challenges hindering the growth of the CPM software market is the need for extensive technical training. While evaluating CPM software, it is important to understand the level of technical expertise required to create reports and dashboards or modify existing ones. Many CPM software products are very complex and require the involvement of IT professionals whenever an organization needs to make changes. This increases the total cost of ownership (TCO). For the finance team, TCO can lead to frustrating delays as it leads to reliance on external departments. Generally. Building and maintaining the necessary competencies and skills and ensuring the availability of financial and human resources are some of the biggest challenges in the market. These issues may limit the growth of the CPM software market over the forecast period.

Corporate Performance Management (CPM) Software Market report scope:

Report Attributes	Details
Growth Rate	CAGR of 6.5% from 2022 to 2030.
By Type	Cloud-based Corporate Performance Management, Browser-based Corporate Performance Management
By Application	Small Enterprises, Medium Enterprises, Large Enterprises
By Companies	Oracle, SAP, IBM, Microsoft, OneStream Software, Host Analytics
Regions and Countries Covered	North America: (US, Canada, Mexico, Rest of North America) Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe) Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific) The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa) Latin America(Brazil, Argentina, Rest of Latin America) Rest Of the World
Base Year	2022
Historical Year	2017 to 2022
Forecast Year	2023 to 2030

Key Takeaways from this Corporate Performance Management (CPM) Software Report

• Estimate Corporate Performance Management (CPM) Software market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Corporate Performance Management (CPM) Software market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.

Frequently Asked Questions-

What is the CAGR of Corporate Performance Management (CPM) Software market?

The Corporate Performance Management (CPM) Software Market is growing at a CAGR of 6.5% During Forecast Period.

 What are the key types of Corporate Performance Management (CPM) Software market?

Cloud-based Corporate Performance Management, Browser-based Corporate Performance Management

What are the key applications of Corporate Performance Management (CPM) Software market?

Small Enterprises, Medium Enterprises, Large Enterprises      

Who are the key players in Corporate Performance Management (CPM) Software market?

Oracle, SAP, IBM, Microsoft, OneStream Software, Host Analytics, And others.