The Global Corporate Performance Management (CPM) Software Market size was valued at USD 5.9 billion in 2022 and is projected to reach USD 10.1 billion by 2030, growing at a CAGR of 6.50% from 2023 to 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.

The world Corporate Performance Management (CPM) Market will continue to grow over the next few years. Business intelligence is linked to corporate performance management, which is a part of the business planning process. It involves managing and evaluating the performance of a company in order to improve productivity, meet performance goals, and make business processes run more smoothly.

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.

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

• Oracle
• SAP
• IBM
• Microsoft
• OneStream Software
• Host Analytics
• Others.

Key Vendors:

1. Oracle: Oracle Cloud Infrastructure offers higher performance, security, and cost savings. It is designed so businesses can move workloads easily from on-premises systems to the cloud, and between cloud and on-premises and other clouds. Oracle Cloud applications provide business leaders with modern applications that help them innovate, attain sustainable growth, and become more resilient.Specialties in a enterprise, software, applications, database, middleware, fusion, business intelligence, Primavera, PeopleSoft, EPM, BEA, Hyperion, Retek, Utilities, On-Demand, server & storage systems, BPM, solutions for communications industry, ERP, CRM, CRM On Demand, JDE, and Siebel.

2.SAP: It is to help the world run better and improve people’s lives. Our promise is to innovate to help our customers run at their best. SAP is committed to helping every customer become a best-run business. We engineer solutions to fuel innovation, foster equality, and spread opportunity across borders and cultures.Specialties in a ERP, Financials, Business Intelligence, Procurement, HCM, SCM, business, planning, efficiency, sustainability, innovation, analytics, reporting, and dashboarding.

3.IBM: We create. We create as technologists, developers, and engineers. We create with our partners. We create with our competitors. If you're searching for ways to make the world work better through technology and infrastructure, software and consulting, then we want to work with you.Specialties in a Cloud, Mobile, Cognitive, Security, Research, Watson, Analytics, Consulting, Commerce, Experience Design, Internet of Things, Technology support, Industry solutions, Systems services, Resiliency services, Financing, and IT infrastructure.

4.Microsoft:Its believe technology can and should be a force for good and that meaningful innovation contributes to a brighter world in the future and today. Our culture doesn’t just encourage curiosity; it embraces it. Each day we make progress together by showing up as our authentic selves. We show up with a learn-it-all mentality. We show up cheering on others, knowing their success doesn't diminish our own. We show up every day open to learning our own biases, changing our behavior, and inviting in differences.

5.OneStream Software:It is provides an intelligent finance platform built to enable confident decision-making and maximize business impact. OneStream unleashes organizational value by unifying data management, financial close and consolidation, planning, reporting, analytics and machine learning. We empower Finance and Operations teams with AI-enabled insights to make faster and more intelligent decisions every single day. All in a single, modern CPM platform designed to continually evolve and scale with your organization.

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.

Scope of Report :

Conclusion:

Corporate performance management system Managing performance growth by focusing on the underlying drivers of performance such as improvements in processes or the resources that make these processes possible, is becoming more popular. The past fixation on pure performance is fading, and people may be starting to realize that there is now a big tradeoff between getting results today and keeping the skills and abilities that will help companies compete in the future.