Enterprise Performance Management Market - Growth by 2031
The Enterprise Performance Management Market is expected to register a CAGR of 8.4% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Component (Software, Services); Deployment Type (On-premise, Cloud); Function Type (Finance, Human Resource, Supply Chain, Others); Industry Vertical (BFSI, IT and Telecom, Retail, Manufacturing, Healthcare, Energy and Utilities, Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Enterprise Performance Management Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Enterprise Performance Management Market Segmentation
Component- Software
- Services
- On-premise
- Cloud
- Finance
- Human Resource
- Supply Chain
- Others
- BFSI
- IT and Telecom
- Retail
- Manufacturing
- Healthcare
- Energy and Utilities
- Others
Strategic Insights
Enterprise Performance Management Market Growth Drivers- Need for Data-Driven Decision Making: As businesses get increasingly complex operating environments, the need for accurate real-time insights into financial and operational performance is growing. EPM solutions help organizations make better decisions by consolidating data from different systems, enable financial forecasting, budgeting, and reporting. These capabilities help executives make informed, strategic decisions that drive business success, and thus EPM is critical for modern enterprises.
- Pressure to Improve Operational Efficiency and Control Cost: In today's competitive business environment, companies are being squeezed to operate in more streamlined and cost-effective manners. EPM solutions enable the business to track and improve its performance by highlighting the inefficient areas and giving a proper view of resource utilization. Thus, this is one of the most important factors that influence companies to implement EPM systems in their organizations.
- Cloud-Based EPM Solutions: Moving towards the Trend of Cloud Computing, that is growing in EPM market. Business organizations gain ease, flexibility, scalability along with cost benefit as against non-cloud-based on-premises EPM solutions. Such solutions facilitate viewing real-time data and access across geographical locations without building IT infrastructures for storing data and accessing. Similarly, cloud services help achieve easier deployment, quicker updates and have easy integration into other enterprise application systems available in cloud-such as ERP, CRM services.
- Integration with Artificial Intelligence (AI) and Machine Learning (ML): There will be a trend to integrate these with EPM systems. Artificial intelligence and machine learning improve predictive analytics, increase accuracy in financial forecasting, identify patterns or anomalies in business performance, etc. It helps the organization move one step ahead of potential threats and optimize its resources toward improving overall decision-making ability based on the depth of insights from its data.
- SMEs Adopting EPM Solutions: Whereas the large enterprises have long used EPM systems, the opportunity is growing in the small and medium-sized enterprise segment. As cloud-based EPM solutions become more affordable, scalable, and easier to implement, more and more SMEs begin to realize the value that these systems can bring for financial planning, performance tracking, and strategic alignment. Thus, this untapped market is really good for vendors providing EPM solutions aligned with the needs and budget of SMEs.
- Integration with Cloud-Based Solutions and AI Technologies: One of the key opportunities in the EPM market lies in the integration of cloud-based solutions and artificial intelligence (AI) capabilities. Cloud-based EPM solutions offer scalability, flexibility, and reduced upfront infrastructure costs, making them attractive for small and medium-sized enterprises (SMEs) as well as large corporations. Additionally, the integration of AI and machine learning (ML) in EPM systems can help automate complex financial processes, such as forecasting, predictive analytics, and anomaly detection. By using AI to enhance decision-making and improve operational efficiencies, businesses can unlock greater value from their EPM systems, driving further market growth.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Enterprise Performance Management Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Enterprise Performance Management Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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Frequently Asked Questions
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility
The major factors driving the enterprise performance management market are:
1. Need for Data-Driven Decision Making.
2.Pressure to Improve Operational Efficiency and Control Cost
Integration with Artificial Intelligence (AI) and Machine Learning (ML) is likely to remain a key trend in the market.
Key players in the enterprise performance management market include Oracle, SAP, IBM Corporation, SAS Institute Inc., Anaplan, Inc., Unicorn Systems a.s, Epicor Software Corporation, Workday, Inc., OneStream, and Board International
The Enterprise Performance Management Market is estimated to witness a CAGR of 8.4% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Enterprise Performance Management Market - By Component
1.3.2 Enterprise Performance Management Market - By Deployment Type
1.3.3 Enterprise Performance Management Market - By Function Type
1.3.4 Enterprise Performance Management Market - By Industry Vertical
1.3.5 Enterprise Performance Management Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ENTERPRISE PERFORMANCE MANAGEMENT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER’S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. ENTERPRISE PERFORMANCE MANAGEMENT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ENTERPRISE PERFORMANCE MANAGEMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. ENTERPRISE PERFORMANCE MANAGEMENT - GLOBAL MARKET OVERVIEW
6.2. ENTERPRISE PERFORMANCE MANAGEMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ENTERPRISE PERFORMANCE MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. SOFTWARE
7.3.1. Overview
7.3.2. Software Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
8. ENTERPRISE PERFORMANCE MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT TYPE
8.1. OVERVIEW
8.2. DEPLOYMENT TYPE MARKET FORECASTS AND ANALYSIS
8.3. ON-PREMISE
8.3.1. Overview
8.3.2. On-premise Market Forecast and Analysis
8.4. CLOUD
8.4.1. Overview
8.4.2. Cloud Market Forecast and Analysis
9. ENTERPRISE PERFORMANCE MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 - FUNCTION TYPE
9.1. OVERVIEW
9.2. FUNCTION TYPE MARKET FORECASTS AND ANALYSIS
9.3. FINANCE
9.3.1. Overview
9.3.2. Finance Market Forecast and Analysis
9.4. HUMAN RESOURCE
9.4.1. Overview
9.4.2. Human Resource Market Forecast and Analysis
9.5. SUPPLY CHAIN
9.5.1. Overview
9.5.2. Supply Chain Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. ENTERPRISE PERFORMANCE MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
10.1. OVERVIEW
10.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
10.3. BFSI
10.3.1. Overview
10.3.2. BFSI Market Forecast and Analysis
10.4. IT AND TELECOM
10.4.1. Overview
10.4.2. IT and Telecom Market Forecast and Analysis
10.5. RETAIL
10.5.1. Overview
10.5.2. Retail Market Forecast and Analysis
10.6. MANUFACTURING
10.6.1. Overview
10.6.2. Manufacturing Market Forecast and Analysis
10.7. HEALTHCARE
10.7.1. Overview
10.7.2. Healthcare Market Forecast and Analysis
10.8. ENERGY AND UTILITIES
10.8.1. Overview
10.8.2. Energy and Utilities Market Forecast and Analysis
10.9. OTHERS
10.9.1. Overview
10.9.2. Others Market Forecast and Analysis
11. ENTERPRISE PERFORMANCE MANAGEMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Enterprise Performance Management Market Overview
11.1.2 North America Enterprise Performance Management Market Forecasts and Analysis
11.1.3 North America Enterprise Performance Management Market Forecasts and Analysis - By Component
11.1.4 North America Enterprise Performance Management Market Forecasts and Analysis - By Deployment Type
11.1.5 North America Enterprise Performance Management Market Forecasts and Analysis - By Function Type
11.1.6 North America Enterprise Performance Management Market Forecasts and Analysis - By Industry Vertical
11.1.7 North America Enterprise Performance Management Market Forecasts and Analysis - By Countries
11.1.7.1 United States Enterprise Performance Management Market
11.1.7.1.1 United States Enterprise Performance Management Market by Component
11.1.7.1.2 United States Enterprise Performance Management Market by Deployment Type
11.1.7.1.3 United States Enterprise Performance Management Market by Function Type
11.1.7.1.4 United States Enterprise Performance Management Market by Industry Vertical
11.1.7.2 Canada Enterprise Performance Management Market
11.1.7.2.1 Canada Enterprise Performance Management Market by Component
11.1.7.2.2 Canada Enterprise Performance Management Market by Deployment Type
11.1.7.2.3 Canada Enterprise Performance Management Market by Function Type
11.1.7.2.4 Canada Enterprise Performance Management Market by Industry Vertical
11.1.7.3 Mexico Enterprise Performance Management Market
11.1.7.3.1 Mexico Enterprise Performance Management Market by Component
11.1.7.3.2 Mexico Enterprise Performance Management Market by Deployment Type
11.1.7.3.3 Mexico Enterprise Performance Management Market by Function Type
11.1.7.3.4 Mexico Enterprise Performance Management Market by Industry Vertical
11.2. EUROPE
11.2.1 Europe Enterprise Performance Management Market Overview
11.2.2 Europe Enterprise Performance Management Market Forecasts and Analysis
11.2.3 Europe Enterprise Performance Management Market Forecasts and Analysis - By Component
11.2.4 Europe Enterprise Performance Management Market Forecasts and Analysis - By Deployment Type
11.2.5 Europe Enterprise Performance Management Market Forecasts and Analysis - By Function Type
11.2.6 Europe Enterprise Performance Management Market Forecasts and Analysis - By Industry Vertical
11.2.7 Europe Enterprise Performance Management Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Enterprise Performance Management Market
11.2.7.1.1 Germany Enterprise Performance Management Market by Component
11.2.7.1.2 Germany Enterprise Performance Management Market by Deployment Type
11.2.7.1.3 Germany Enterprise Performance Management Market by Function Type
11.2.7.1.4 Germany Enterprise Performance Management Market by Industry Vertical
11.2.7.2 France Enterprise Performance Management Market
11.2.7.2.1 France Enterprise Performance Management Market by Component
11.2.7.2.2 France Enterprise Performance Management Market by Deployment Type
11.2.7.2.3 France Enterprise Performance Management Market by Function Type
11.2.7.2.4 France Enterprise Performance Management Market by Industry Vertical
11.2.7.3 Italy Enterprise Performance Management Market
11.2.7.3.1 Italy Enterprise Performance Management Market by Component
11.2.7.3.2 Italy Enterprise Performance Management Market by Deployment Type
11.2.7.3.3 Italy Enterprise Performance Management Market by Function Type
11.2.7.3.4 Italy Enterprise Performance Management Market by Industry Vertical
11.2.7.4 United Kingdom Enterprise Performance Management Market
11.2.7.4.1 United Kingdom Enterprise Performance Management Market by Component
11.2.7.4.2 United Kingdom Enterprise Performance Management Market by Deployment Type
11.2.7.4.3 United Kingdom Enterprise Performance Management Market by Function Type
11.2.7.4.4 United Kingdom Enterprise Performance Management Market by Industry Vertical
11.2.7.5 Russia Enterprise Performance Management Market
11.2.7.5.1 Russia Enterprise Performance Management Market by Component
11.2.7.5.2 Russia Enterprise Performance Management Market by Deployment Type
11.2.7.5.3 Russia Enterprise Performance Management Market by Function Type
11.2.7.5.4 Russia Enterprise Performance Management Market by Industry Vertical
11.2.7.6 Rest of Europe Enterprise Performance Management Market
11.2.7.6.1 Rest of Europe Enterprise Performance Management Market by Component
11.2.7.6.2 Rest of Europe Enterprise Performance Management Market by Deployment Type
11.2.7.6.3 Rest of Europe Enterprise Performance Management Market by Function Type
11.2.7.6.4 Rest of Europe Enterprise Performance Management Market by Industry Vertical
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Enterprise Performance Management Market Overview
11.3.2 Asia-Pacific Enterprise Performance Management Market Forecasts and Analysis
11.3.3 Asia-Pacific Enterprise Performance Management Market Forecasts and Analysis - By Component
11.3.4 Asia-Pacific Enterprise Performance Management Market Forecasts and Analysis - By Deployment Type
11.3.5 Asia-Pacific Enterprise Performance Management Market Forecasts and Analysis - By Function Type
11.3.6 Asia-Pacific Enterprise Performance Management Market Forecasts and Analysis - By Industry Vertical
11.3.7 Asia-Pacific Enterprise Performance Management Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Enterprise Performance Management Market
11.3.7.1.1 Australia Enterprise Performance Management Market by Component
11.3.7.1.2 Australia Enterprise Performance Management Market by Deployment Type
11.3.7.1.3 Australia Enterprise Performance Management Market by Function Type
11.3.7.1.4 Australia Enterprise Performance Management Market by Industry Vertical
11.3.7.2 China Enterprise Performance Management Market
11.3.7.2.1 China Enterprise Performance Management Market by Component
11.3.7.2.2 China Enterprise Performance Management Market by Deployment Type
11.3.7.2.3 China Enterprise Performance Management Market by Function Type
11.3.7.2.4 China Enterprise Performance Management Market by Industry Vertical
11.3.7.3 India Enterprise Performance Management Market
11.3.7.3.1 India Enterprise Performance Management Market by Component
11.3.7.3.2 India Enterprise Performance Management Market by Deployment Type
11.3.7.3.3 India Enterprise Performance Management Market by Function Type
11.3.7.3.4 India Enterprise Performance Management Market by Industry Vertical
11.3.7.4 Japan Enterprise Performance Management Market
11.3.7.4.1 Japan Enterprise Performance Management Market by Component
11.3.7.4.2 Japan Enterprise Performance Management Market by Deployment Type
11.3.7.4.3 Japan Enterprise Performance Management Market by Function Type
11.3.7.4.4 Japan Enterprise Performance Management Market by Industry Vertical
11.3.7.5 South Korea Enterprise Performance Management Market
11.3.7.5.1 South Korea Enterprise Performance Management Market by Component
11.3.7.5.2 South Korea Enterprise Performance Management Market by Deployment Type
11.3.7.5.3 South Korea Enterprise Performance Management Market by Function Type
11.3.7.5.4 South Korea Enterprise Performance Management Market by Industry Vertical
11.3.7.6 Rest of Asia-Pacific Enterprise Performance Management Market
11.3.7.6.1 Rest of Asia-Pacific Enterprise Performance Management Market by Component
11.3.7.6.2 Rest of Asia-Pacific Enterprise Performance Management Market by Deployment Type
11.3.7.6.3 Rest of Asia-Pacific Enterprise Performance Management Market by Function Type
11.3.7.6.4 Rest of Asia-Pacific Enterprise Performance Management Market by Industry Vertical
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Enterprise Performance Management Market Overview
11.4.2 Middle East and Africa Enterprise Performance Management Market Forecasts and Analysis
11.4.3 Middle East and Africa Enterprise Performance Management Market Forecasts and Analysis - By Component
11.4.4 Middle East and Africa Enterprise Performance Management Market Forecasts and Analysis - By Deployment Type
11.4.5 Middle East and Africa Enterprise Performance Management Market Forecasts and Analysis - By Function Type
11.4.6 Middle East and Africa Enterprise Performance Management Market Forecasts and Analysis - By Industry Vertical
11.4.7 Middle East and Africa Enterprise Performance Management Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Enterprise Performance Management Market
11.4.7.1.1 South Africa Enterprise Performance Management Market by Component
11.4.7.1.2 South Africa Enterprise Performance Management Market by Deployment Type
11.4.7.1.3 South Africa Enterprise Performance Management Market by Function Type
11.4.7.1.4 South Africa Enterprise Performance Management Market by Industry Vertical
11.4.7.2 Saudi Arabia Enterprise Performance Management Market
11.4.7.2.1 Saudi Arabia Enterprise Performance Management Market by Component
11.4.7.2.2 Saudi Arabia Enterprise Performance Management Market by Deployment Type
11.4.7.2.3 Saudi Arabia Enterprise Performance Management Market by Function Type
11.4.7.2.4 Saudi Arabia Enterprise Performance Management Market by Industry Vertical
11.4.7.3 U.A.E Enterprise Performance Management Market
11.4.7.3.1 U.A.E Enterprise Performance Management Market by Component
11.4.7.3.2 U.A.E Enterprise Performance Management Market by Deployment Type
11.4.7.3.3 U.A.E Enterprise Performance Management Market by Function Type
11.4.7.3.4 U.A.E Enterprise Performance Management Market by Industry Vertical
11.4.7.4 Rest of Middle East and Africa Enterprise Performance Management Market
11.4.7.4.1 Rest of Middle East and Africa Enterprise Performance Management Market by Component
11.4.7.4.2 Rest of Middle East and Africa Enterprise Performance Management Market by Deployment Type
11.4.7.4.3 Rest of Middle East and Africa Enterprise Performance Management Market by Function Type
11.4.7.4.4 Rest of Middle East and Africa Enterprise Performance Management Market by Industry Vertical
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Enterprise Performance Management Market Overview
11.5.2 South and Central America Enterprise Performance Management Market Forecasts and Analysis
11.5.3 South and Central America Enterprise Performance Management Market Forecasts and Analysis - By Component
11.5.4 South and Central America Enterprise Performance Management Market Forecasts and Analysis - By Deployment Type
11.5.5 South and Central America Enterprise Performance Management Market Forecasts and Analysis - By Function Type
11.5.6 South and Central America Enterprise Performance Management Market Forecasts and Analysis - By Industry Vertical
11.5.7 South and Central America Enterprise Performance Management Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Enterprise Performance Management Market
11.5.7.1.1 Brazil Enterprise Performance Management Market by Component
11.5.7.1.2 Brazil Enterprise Performance Management Market by Deployment Type
11.5.7.1.3 Brazil Enterprise Performance Management Market by Function Type
11.5.7.1.4 Brazil Enterprise Performance Management Market by Industry Vertical
11.5.7.2 Argentina Enterprise Performance Management Market
11.5.7.2.1 Argentina Enterprise Performance Management Market by Component
11.5.7.2.2 Argentina Enterprise Performance Management Market by Deployment Type
11.5.7.2.3 Argentina Enterprise Performance Management Market by Function Type
11.5.7.2.4 Argentina Enterprise Performance Management Market by Industry Vertical
11.5.7.3 Rest of South and Central America Enterprise Performance Management Market
11.5.7.3.1 Rest of South and Central America Enterprise Performance Management Market by Component
11.5.7.3.2 Rest of South and Central America Enterprise Performance Management Market by Deployment Type
11.5.7.3.3 Rest of South and Central America Enterprise Performance Management Market by Function Type
11.5.7.3.4 Rest of South and Central America Enterprise Performance Management Market by Industry Vertical
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. ENTERPRISE PERFORMANCE MANAGEMENT MARKET, KEY COMPANY PROFILES
13.1. ANAPLAN, INC.
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. BROADCOM
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. CAPGEMINI
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. HCL TECHNOLOGIES LIMITED
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. IBM
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. KPMG LLP
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. ORACLE
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. PLANFUL, INC.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. SAS INSTITUTE INC.
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. WORKIVA
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Anaplan, Inc.
2. Broadcom
3. Capgemini
4. HCL Technologies Limited
5. IBM
6. KPMG LLP
7. Oracle
8. Planful, Inc.
9. SAS Institute Inc.
10. Workiva
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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