Top 10 EPM Software Vendors, Market Size and Market Forecast 2018-2023

Worldwide EPM Applications Market to reach $4.1 billion by 2023, compared with $3.2 billion in 2018 at a compound annual growth rate of 5.3%.

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In 2018, the top 10 EPM software vendors accounted for nearly 81.7% of the global Enterprise Performance Management (EPM) applications market which grew 14.2% to approach nearly $3.2 billions in EPM license, maintenance and subscription revenues, slightly above our previous projection.

Last year Oracle led the pack with a 27.2% market share riding on a 4.2% jump in EPM license, maintenance and subscription revenues. SAP was #2, followed by IBM, Workiva and Anaplan in that order.

We ask the simple question: Who’s buying EPM applications from whom and why? And we provide the answers – supported by decades of research – to our clients around the world. (Sample from our Apps Database)

Exhibit 1 - 2018 EPM Applications Market Shares Split By Top 10 EPM Vendors and Others
Exhibit 1 – 2018 EPM Applications Market Shares Split By Top 10 EPM Vendors and Others

Through our forecast period, the EPM Applications market size is expected to reach $4.1 billion by 2023, compared with $3.2 billion in 2018 at a compound annual growth rate of 5.3%.

Exhibit 2: Worldwide EPM Applications Market 2018-2023 Forecast, $M
Year201820232018-2023 CAGR, %
Total317341055.3%

Source: Apps Run The World, December 2019

Top 10 EPM Software Vendors

Enterprise Performance Management (EPM) applications are designed for a range of budgeting, forecasting and planning business processes that span multiple functional areas from finance to sales. Specific applications modules include budgeting, planning and forecasting, financial consolidation, capital expenditure planning, activity-based costing, zero-based budgeting as well as sales and revenue forecasting.

EPM applications revenues represent a major contributor to the Enterprise Resource Planning market as part of our market sizing exercise. EPM is moving beyond the finance operations to tackle a full range of budgeting, forecasting and planning challenges with Cloud apps that aim to address Excel-based EPM shortcomings for sales, human resources and operational executives.

Here are the rankings of the Top 10 EPM software vendors and their market shares in 2018.

RankVendor2017 EPM Apps Revenues, $M2018 EPM Apps Revenues, $MYoY Growth2018 EPM Market Share, %Recent Developments
1Oracle Subscribe Subscribe4.2% SubscribeOracle delivers Intelligent Performance Management that includes AI capabilities for hard to spot data patterns to augment its EPM Cloud in 2019. It will also deliver Subscription Management for automated revenue recognition. Thousands of customers have adopted Oracle EPM Cloud.
2SAP Subscribe Subscribe4.0% SubscribeLatest SAP Analytics Cloud updates cover self-service usage analysis and enhancements in Planning and Data Integration. The next phase of development centers around conversational AI after buying Recast.AI as part of its growing portfolio of intelligent software solutions.
3IBM Subscribe Subscribe0.6% SubscribeBuying Red Hat will help IBM Planning Analytics and IBM Cognos customers build next-generation analytics with security in mind.
4Workiva Subscribe Subscribe17.3% SubscribeWorkiva customer count tops 3,400 as Workiva expands reach with partnerships with KPMG and SAP to expand its SI and OEM ecosystem.
5Anaplan Subscribe Subscribe17.6% SubscribeAnaplan completed IPO in 2018 raising $263 million in a strong debut despite market volatility. Customer count tops 1,000 in 3QFY19.
6Microsoft Subscribe Subscribe14.4% SubscribeThe operations part of Microsoft Dynamics 365 is geared toward finance, manufacturing, operations, retail, distribution, procurement, and project management functions.
7Workday Subscribe Subscribe33.4% SubscribeAdaptive Insights was acquired by Workday for $1.6 billion in August 2018 to help shore up its EPM offerings.
8OneStream Software Subscribe Subscribe129.7% SubscribeWith growing momentum especially in new markets like Western Europe, OneStream added hundreds of new customers as its headcount grew to 400 in 2019.
9Wolters Kluwer Subscribe Subscribe-4.3% SubscribeFollowing its acquisition by Wolters Kluwer, Tagetik has become part of CCH tax and accounting unit and it proceeded to scale out its ecosystem with new service provider partners including Hayne Solutions, Inlumi and MHR Analytics.
10Longview Solutions Subscribe Subscribe9.3% SubscribeIn June 2019, Longview made public the general availability of Longview Spring ‘19. Today, Longview has more than 1200 customers in 135 countries.
Subtotal Subscribe Subscribe8.2% Subscribe
Other Subscribe Subscribe52.0% Subscribe
Total Subscribe Subscribe14.2% Subscribe

Source: Apps Run The World, December 2019

Other EPM software providers included in the report are: Alfa Financial Software, Alliance Enterprises, Aptos, Bitam, BlackLine, Board International, CAMMS, Centage, Changepoint, Comarch, Corporater, Craneware, Haufe, Host Analytics, Infor, Insightsoftware, International Decision Systems, Jedox, Logibec, MedeAnalytics, Quantrix, River Logic, Roper Technologies, SEAC SPA, Sênior Sistemas, Talentia Software, TechnologyOne, UNIT4, Vena Solutions, Vizient, Yonyou,

Custom data cuts related to the EPM Applications market are available:

  • Top 30+ EPM Applications Vendors and Market Forecast 2018-2023
  • 2018 EPM Applications Market By Industry (21 Verticals)
  • 2018 EPM Applications Market By Functional Market (16 Markets)
  • 2018 EPM Applications Market By Country (USA + 45 countries)
  • 2018 EPM Applications Market By Region (Americas, EMEA, APAC)
  • 2018 EPM Applications Market By Revenue Type (License, Services, Hardware, Support and Maintenance, Cloud)
  • 2018 EPM Applications Market By Customer Size (revenue, employee count, asset)
  • 2018 EPM Applications Market By Channel (Direct vs Direct)
  • 2018 EPM Applications Market By Product

Exhibit 4 shows the enterprise applications market by functional area. The highest growth functional markets revolve around smaller segments like eCommerce, Enterprise Performance Management (EPM), Sales Performance Management (SPM) and Treasury and Risk (TRM), where first movers remain less established than those that for decades have been entrenched in functional areas like ERP, CRM and PLM.

Exhibit 4 - Worldwide Enterprise Applications Market Forecast 2018-2023, By Functional Market, $M
Exhibit 4 – Worldwide Enterprise Applications Market Forecast 2018-2023, By Functional Market, $M

EPM Win/Loss Analysis As Part Of Enterprise Applications Buyer Insight Customer Database

On the buyer side, customers are investing in EPM systems based on new features and capabilities that are expected to replace their existing legacy systems. In many cases, competitive upgrades and replacements that could have a profound impact on future market-share changes will become more widespread.

Since 2010, our global team of researchers have been studying the patterns of the latest EPM software purchases by customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.

Updated continuously, our database features extensive win/loss analysis. Each year our research team identifies tens of thousands of these EPM customer wins and losses from public and proprietary sources.

The research results are being incorporated into regular updates in our Enterprise Applications Buyer Insight Customer Database. You can access the Quarterly Win/Loss Analysis Scoreboard and our Enterprise Applications Buyer Insight Customer Database by becoming a subscriber.

CustomerIndustryEmpl.RevenueCountryVendorNew Product
The Leukemia & Lymphoma SocietyHealthcare2200$400.0MUnited StatesAdaptive InsightsAdaptive Suite
BarclaycardBanking and Financial Services11000$2.57BUnited KingdomAnaplanAnaplan
Booking.comProfessional Services15000$2.20BNetherlandsAnaplanAnaplan
Circle K EuropeRetail90000$40.00BNorwayAnaplanAnaplan
Del MonteRetail5600$1.60BSingaporeAnaplanAnaplan
United AirlinesAerospace and Defense88400$37.74BUnited StatesAnaplanAnaplan
Quorn FoodsConsumer Packaged Goods650$100.0MUnited KingdomBoard InternationalBOARD
Bloomin’ BrandsRetail100000$4.34BUnited StatesHost AnalyticsHost Analytics Cloud EPM Suite
GenpactProfessional services78000$2.74BBermudaIBMIBM Planning Analytics
Laura AshleyRetail1000$257.0MUnited KingdomIBMIBM Cognos Controller
London South Bank UniversityEducation1700$188.0MUnited KingdomIBMIBM Planning Analytics
RAC InsuranceAutomotive4000$649.0MAustraliaIBMIBM Planning Analytics
Kempinski HotelsLeisure and Hospitality24000$1.70BSwitzerlandInforInfor d/EPM
Metropolitan Transportation AuthorityTransportation45000$21.45BUnited StatesInforInfor d/EPM
ValmetProfessional Services12300$3.30BFinlandInforInfor d/EPM
Adventist HealthHealthcare35000$3.60BUnited StatesOracleOracle EPM Cloud
Lorain County Community CollegeEducation1000$105.0MUnited StatesOracleOracle EPM Cloud
Office DepotRetail24067$14.50BUnited StatesOracleOracle EPM Cloud
Ricoh IT SolutionsProfessional Services958$100.0MJapanOracleOracle EPM Cloud
UW HealthHealthcare18000$2.90BUnited StatesOracleOracle EPM Cloud
YMCA NSWUtility2000$32.0MAustraliaOracleOracle EPM Cloud
British American TobaccoConsumer Packaged Goods57000$26.38BUnited KingdomSAPSAP Business Planning and Consolidation
Delaware InternationalProfessional services1800$263.0MBelgiumSAPSAP Analytics Cloud
Hunt Consolidated Inc.Consumer Packaged Goods4500$2.70BUnited StatesSAPSAP Business Planning and Consolidation
Johnsonville Sausage LLCBanking and Financial Services1600$1.00BUnited StatesSAPSAP Business Planning and Consolidation
JTIConsumer Packaged Goods40000$10.50BSwitzerlandSAPSAP Business Planning and Consolidation
Manna Pro Products LLCUtility250$250.0MUnited StatesSAPSAP Business Planning and Consolidation
Stanford UniversityEducation11500$4.10BUnited StatesTidemarkTidemark EPM
Aqualisa Products LimitedRetail300$40.0MUnited KingdomUNIT4Unit4 Prevero
GoCompareCommunication200$20.0MUnited KingdomUNIT4Unit4 Prevero
APCOA PARKING HoldingsUtility5000$800.0MGermanyWolters KluwerCCH Tagetik
Metro AGProfessional Services135890$42.72BGermanyWolters KluwerCCH Tagetik
Randstad GroupConsumer Packaged Goods38590$26.77BNetherlandsWolters KluwerCCH Tagetik
TimexConsumer Packaged Goods5500$2.00BUnited StatesWolters KluwerCCH Tagetik
Vaillant GroupRetail13000$2.76BGermanyWolters KluwerCCH Tagetik
City of Rochester, N.YBanking and Financial Services2747$648.0MUnited StatesWorkivaWdesk
KeyBankConstruction and Real Estate18540$6.30BUnited StatesWorkivaWdesk
BDO CanadaBanking and Financial Services64300$6.37BCanadaAdaptive InsightsAdaptive Suite
Gentiva Health ServicesHealthcare15000$2.00BUnited StatesAdaptive InsightsAdaptive Suite
Planned ParenthoodHealthcare4200$1.30BUnited StatesAdaptive InsightsAdaptive Suite
Aviva plcBanking and Financial Services30000$21.00BUnited KingdomAnaplanAnaplan
British AirwaysTransportation45000$15.17BUnited KingdomAnaplanAnaplan
BritvicConsumer Packaged Goods3000$1.35BUnited KingdomAnaplanAnaplan
Kimberly-ClarkHealthcare43000$18.40BUnited StatesAnaplanAnaplan
MotorolaCommunication13000$5.66BUnited StatesAnaplanAnaplan
Tableau SoftwareProfessional Services3500$660.0MUnited StatesAnaplanAnaplan
Dixons CarphoneRetail43000$14.00BUnited KingdomBlackLineBlackLine Finance Controls & Automation Platform
Scotts Miracle-Gro CompanyConsumer Packaged Goods5500$2.80BUnited KingdomBlackLineBlackLine Finance Controls & Automation Platform
23andMeLife Sciences305$85.0MUnited StatesHost AnalyticsHost Analytics Cloud EPM Suite
DemandbaseMedia240$50.0MUnited StatesHost AnalyticsHost Analytics Cloud EPM Suite
Haggar Clothing Co.Consumer Packaged Goods1100$220.0MUnited StatesHost AnalyticsHost Analytics Cloud EPM Suite
Hilcorp Energy CompanyOil and Gas1350$500.0MUnited StatesHost AnalyticsHost Analytics Cloud EPM Suite
McKinley IrvinProfessional Services180$25.0MUnited StatesHost AnalyticsHost Analytics Cloud EPM Suite
MedroboticsAerospace and Defense120$15.0MUnited StatesHost AnalyticsHost Analytics Cloud EPM Suite
Mesa AirlinesTransportation2800$1.40BUnited StatesHost AnalyticsHost Analytics Cloud EPM Suite
PercolateMedia293$20.0MUnited StatesHost AnalyticsHost Analytics Cloud EPM Suite
QuickenBanking and Financial Services13000$2.70BUnited StatesHost AnalyticsHost Analytics Cloud EPM Suite
RelypsaLife Sciences400$90.0MUnited StatesHost AnalyticsHost Analytics Cloud EPM Suite
Columbia SportswearRetail6188$2.47BUnited StatesIBMIBM Cognos TM1
Dorel JuvenileRetail10000$2.58BCanadaIBMIBM Cognos Controller
Dorel JuvenileRetail10000$2.58BCanadaIBMIBM Planning Analytics
Fraser Property AustraliaConstruction and Real Estate700$1.64BAustraliaIBMIBM Planning Analytics
Laura AshleyRetail1000$257.0MUnited KingdomIBMIBM Planning Analytics
Bukhatir GroupConstruction and Real Estate5000$820.0MUnited Arab EmiratesOracleOracle EPM Cloud
Faculdade SumaréEducation650$135.0MBrazilOracleOracle EPM Cloud
GenpactProfessional services78000$2.74BBermudaOracleOracle EPM Cloud
Hertz CorporationLeisure and Hospitality37000$8.80BUnited StatesOracleOracle EPM Cloud
SunEdisonUtility7300$2.50BUnited StatesOracleOracle EPM Cloud
The Kraft Heinz CompanyConsumer Packaged Goods42000$22.43BUnited StatesOracleOracle EPM Cloud
Transit WirelessCommunication150$25.0MUnited StatesOracleOracle EPM Cloud
Western Alliance BancorpBanking and Financial Services1464$1.60BUnited StatesOracleOracle EPM Cloud
ConchoOil and Gas2100$1.80BUnited StatesSAPSAP Business Planning and Consolidation
De La RueDistribution3500$603.0MUnited KingdomSAPSAP Business Planning and Consolidation
Dwr Cymru Welsh WaterUtility3000$400.0MUnited KingdomSAPSAP Business Planning and Consolidation
Easa Saleh Al Gurg Group (ESAG)Construction and Real Estate700$1.50BUnited Arab EmiratesSAPSAP Business Planning and Consolidation
LexmarkProfessional Services14000$3.51BUnited StatesSAPSAP Business Planning and Consolidation
New York Life Insurance CompanyInsurance13000$28.00BUnited StatesSAPSAP Business Planning and Consolidation
Pratt IndustriesConstruction and Real Estate4000$825.0MUnited StatesSAPSAP Business Planning and Consolidation
Princes GroupConsumer Packaged Goods8000$2.39BUnited KingdomSAPSAP Business Planning and Consolidation
SABMillerConsumer Packaged Goods69000$22.13BUnited KingdomSAPSAP Business Planning and Consolidation
Groupe WelcoopHealthcare1870$900.0MFranceTalentia SoftwareTalentia CPM
Scott Bader CoRetail600$150.0MUnited KingdomTalentia SoftwareTalentia CPM
SerfimProfessional Services4000$1.20BFranceTalentia SoftwareTalentia CPM
SomdiaaConsumer Packaged Goods15000$4.00BFranceTalentia SoftwareTalentia CPM
Air FranceTransportation1100$300.0MFranceTidemarkTidemark EPM
Dominion EnterprisesMedia3000$1.20BUnited StatesTidemarkTidemark EPM
G6 HospitalityLeisure and Hospitality10000$1.20BUnited StatesTidemarkTidemark EPM
VeoliaOil and Gas179000$24.96BFranceTidemarkTidemark EPM
CarboniteProfessional Services611$152.0MUnited StatesWolters KluwerCCH Tagetik
China Life Insurance Company LimitedBanking and Financial Services102297$93.79BChinaWolters KluwerCCH Tagetik
DamianiConsumer Packaged Goods620$155.0MItalyWolters KluwerCCH Tagetik
Dolce & GabbanaConsumer Packaged Goods3300$1.07BItalyWolters KluwerCCH Tagetik
Liu Jo S.p.AConsumer Packaged Goods520$130.0MItalyWolters KluwerCCH Tagetik
National General InsuranceInsurance7570$4.43BUnited StatesWolters KluwerCCH Tagetik
Nature’s WayConsumer Packaged Goods400$50.0MAustraliaWolters KluwerCCH Tagetik
Poste VitaInsurance350$65.0MItalyWolters KluwerCCH Tagetik
RepsolOil and Gas24000$50.00BSpainWolters KluwerCCH Tagetik
Severn Trent plcUtility5500$1.80BUnited KingdomWolters KluwerCCH Tagetik
TeamViewerProfessional Services300$55.0MGermanyWolters KluwerCCH Tagetik
The Rockefeller FoundationNon Profit250$35.0MUnited StatesWolters KluwerCCH Tagetik
TOM FORDConsumer Packaged Goods600$130.0MUnited StatesWolters KluwerCCH Tagetik
City of OrlandoGovernment1750$401.0MUnited StatesWorkdayWorkday Planning
CityMD Urgent Care NYCHealthcare1000$400.0MUnited StatesWorkdayWorkday Planning
NetflixProfessional Services3114$6.78BUnited StatesWorkdayWorkday Planning
AonProfessional Services72000$11.61BUnited KingdomWorkivaWdesk
Bel FuseProfessional Services7970$545.0MUnited StatesWorkivaWdesk
ClouderaProfessional Services2500$850.0MUnited StatesWorkivaWdesk
Donegal Insurance GroupInsurance900$650.0MUnited StatesWorkivaWdesk
Hawaiian Electric IndustriesOil and Gas3900$2.52BUnited StatesWorkivaWdesk
JLL Income Property TrustBanking and Financial Services60000$6.00BUnited StatesWorkivaWdesk
New York Life Insurance CompanyInsurance13000$28.00BUnited StatesWorkivaWdesk
Pioneer Energy ServicesOil and Gas1300$541.0MUnited StatesWorkivaWdesk
Republic Airways HoldingsTransportation6000$1.35BUnited StatesWorkivaWdesk
Upland SoftwareProfessional Services342$70.0MUnited StatesWorkivaWdesk

Source: Apps Run The World, January 2019

Further Readings

An expanded version of this report covers the top 40+ EPM Software vendors, offering in-depth analysis of the market dynamics, vendors’ Strengths, Customers, Opportunities, Risks and Ecosystems as well as their ability to gain Shares (SCORES) within their respective space.

We also offer win-loss analysis of the quarterly EPM wins of these top 10 EPM vendors and whether incumbents and upstarts pose any real threat to their standing amid shifting market requirements and user preferences.

More Enterprise Applications Research Findings

Based on the latest annual survey of 3,000+ enterprise software vendors, Apps Run The World is releasing a number of dedicated reports, which profile the world’s 500 largest Enterprise Applications Vendors (Apps Top 500) and the world’s 500 largest Cloud Applications Vendors (Cloud Top 500) ranked by their 2015-2018 product revenues.

Their 2018 results are being broken down, sorted and ranked across 16 functional areas (from Analytics to Treasury and Risk Management) and by 21 vertical industries(from Aerospace to Utility), as shown in our Taxonomy. Further breakdowns by subvertical, country, company size, etc. are available as custom data cuts per special request.

Research Methodology

Each year our global team of researchers conduct an annual survey of thousands of enterprise software vendors by contacting them directly on their latest quarterly and annual revenues by country, functional area, and vertical market.

We supplement their written responses with our own primary research to determine quarterly and yearly growth rates, In addition to customer wins to ascertain whether these are net new purchases or expansions of existing implementations.

Another dimension of our proactive research process is through continuous improvement of our customer database, which stores more than one million records on the enterprise software landscape of over 100,000 organizations around the world.

The database provides customer insight and contextual information on what types of enterprise software systems and other relevant technologies are they running and their propensity to invest further with their current or new suppliers as part of their overall IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.

The result is a combination of supply-side data and demand-generation customer insight that allows our clients to better position themselves in anticipation of the next wave that will reshape the enterprise software marketplace for years to come.

1 COMMENT

  1. […] Under the new leadership, Host Analytics will expect to thrive. It posted strong results at the end of 2018 and has recently expanded its channel. There is little in Halloran’s statement to infer how he will accelerate growth. However, the company is well poised to take advantage of a market that is expected to reach $3.1 billion by 2022. […]

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