Enterprise Performance Management Market
Enterprise Performance Management Market Size, Share & Trends Analysis Report byOffering (Services and Solution), by Deployment (On-premises and Cloud), by Enterprise Size (SMEs and Large Enterprises), by Function (Finance, Human Resources, Supply Chain and Sales and Marketing) and by Vertical Outlook (BFSI, Retail & Consumer, Government & Education, Healthcare, Manufacturing and Telecom and IT) Forecast Period (2024-2031)
Enterprise Performance Management (EPM) market is anticipated to grow at a considerable CAGR of 9.3% during the forecast period (2024-2031). EPM refers to the collective landscape of software, services, and solutions designed to support organizations to manage, analyze, and optimize their performance across various business functions. This market encompasses a wide range of tools and technologies aimed at enhancing performance measurement, strategic planning, financial management, budgeting, forecasting, and reporting processes within organizations of all sizes and across diverse industries.
Market Dynamics
Unlocking the Future: Technological Advancements in Enterprise Performance Management (EPM)
Technological advancements in EPM are revolutionizing how organizations handle and analyze their performance data. These advancements span various areas, including enhanced analytics capabilities, real-time data processing, improved user experience, and seamless integration with other business systems. Modern EPM solutions harness advanced analytics techniques like predictive analytics, machine learning, and artificial intelligence to deliver deeper insights into performance metrics, enabling informed decision-making and the anticipation of future outcomes with precision. By enabling real-time data processing, EPM solutions empower organizations to access up-to-date information instantly, facilitating quicker decision-making and more agile responses to evolving business conditions. For instance, Mesh, Inc., an Indian startup specializing in Performance Management software, secured $11.0 million in funding led by RTL Group in April 2022, aiming to expand its presence across the Asia-Pacific and the US, marking significant growth since its inception.
Embracing Agility: The Rise of Cloud-Based Enterprise Performance Management Solutions
The increasing adoption of cloud-based EPM solutions is propelled by various factors contributing to their appeal and effectiveness such as cloud-based EPM platforms offer scalability and flexibility, allowing organizations to adjust their infrastructure in line with fluctuating business demands without the burden of significant upfront investments in hardware or IT resources. This adaptability enables swift responses to evolving requirements and seasonal variations and also the cost-effectiveness of cloud-based EPM solutions is notable, as they negate the need for organizations to maintain and upgrade on-premises hardware and software, consequently reducing overall IT infrastructure expenses. Subscription-based pricing models further optimize costs by enabling organizations to pay only for the resources they utilize. For instance,JTEKT reported a 25.0% reduction in budgeting time, improved project delivery, and enhanced forecasting capabilities in July 2022, attributing the success to the utilization of Oracle Cloud EPM software across various business functions.
Market Segmentation
Our in-depth analysis of the global enterprise performance management market includes the following segments by type, product, and technology:
- Based on offering, the market is sub-segmented into services and solution.
- Based on deployment, the market is sub-segmented into on-premises and cloud.
- Based on enterprise size, the market is sub-segmented into smes and large enterprises.
- Based on function, the market is sub-segmented into finance, human resources, supply chain and sales and marketing.
- Based on vertical outlook, the market is sub-segmented into BFSI, retail & consumer, government & education, healthcare, manufacturing and telecom and it.
Cloud is Projected to Emerge as the Largest Segment
Based on the deployment, the global enterprise performance management market is sub-segmented into on-premises and cloud. Among these, the cloudsub-segment is expected to hold the largest share of the market. The primary factor supporting the segment's growth include its scalability and flexibility. Cloud-based EPM platforms offer organisations the ability to scale their infrastructure according to fluctuating business demands without the need for significant upfront investments in hardware or IT resources. This adaptability enables swift responses to evolving requirements and seasonal variations, allowing organizations to effectively manage resources and costs.
Supply Chain Sub-segment to Hold a Considerable Market Share
The supply chain sub-segment commands a substantial share due to its critical role in operational efficiency and business success. Supply chain operations are inherently complex, requiring robust EPM solutions to optimize inventory management, logistics, and supplier performance amidst challenges like market volatility and changing customer demands. Integration with overall business strategy ensures alignment with organizational goals, while advanced analytics enable data-driven decision-making. Furthermore, the adoption of emerging technologies like IoT and AI enhances supply chain visibility and automation, driving efficiency and agility.
Regional Outlook
The global EPM market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Rapid Growth in Asia-Pacific Market Driven by Urbanization and Technological Advancements in Enterprise Performance Management
Asia-Pacific is emerging as the fastest-growing market due to theurbanization and technological advancements that have spurred a surge in businesses seeking to optimize their performance management processes to remain competitive. The increasing adoption of cloud computing in the region offers scalability and cost-effectiveness, enabling organizations to access advanced EPM tools without hefty upfront investments. Coupled with a growing emphasis on data-driven decision-making, this has propelled the adoption of EPM solutions among enterprises seeking to leverage insights for strategic initiatives. For instance, The Department of Telecom confirmed in August 2022 that 13 Indian cities would receive high-speed internet services the following month, issuing spectrum assignment letters to bidders for radio wave channels, as reported by gadgets360.com.
Global Enterprise Performance Management Market Growth by Region 2024-2031
North America Holds Major Market Share
Among all the regions, North America holds a significant share due to the region benefits from advanced technological infrastructure, facilitating the seamless integration of sophisticated EPM solutions into organizational operations and also a strong emphasis on data-driven decision-making, driving demand for EPM solutions that provide actionable insights and support agile decision-making processes. Additionally, the focus on financial planning and analysis (FP&A) underscores the importance of EPM tools in optimizing processes, improving financial visibility, and aligning financial strategies with organizational objectives. For instance, UNICOM Systems, Inc. unveiled an updated version of UNICOM Digital Transformation Toolkit (UDTT) 10.2 in April 2021, offering enhanced multichannel application development capabilities, particularly beneficial for the banking sector, with targeted marketing campaigns and robust runtime infrastructure.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the global EPM market includeWorkiva Inc., IBM, Oracle Corp., SAP, Capgemini and others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market.
The Report Covers
- Market value data analysis of 2023and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global enterprise performance management Market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. IBM
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Oracle Corp.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Workiva Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Enterprise Performance Management Market by Offering
4.1.1. Services
4.1.2. Solution
4.2. Global Enterprise Performance Management Market by Deployment
4.2.1. On-premises
4.2.2. Cloud
4.3. Global Enterprise Performance Management Market by Enterprise Size
4.3.1. Small and Medium Enterprises (SMEs)
4.3.2. Large Enterprises
4.4. Global Enterprise Performance Management Market by Function
4.4.1. Finance
4.4.2. Human Resources
4.4.3. Supply Chain
4.4.4. Sales and Marketing
4.5. Global Enterprise Performance Management Market by Vertical Outlook
4.5.1. Banking, Financial Services and Insurance (BFSI)
4.5.2. Retail & Consumer
4.5.3. Government & Education
4.5.4. Healthcare
4.5.5. Manufacturing
4.5.6. Telecom and IT
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. The Middle East & Africa
6. Company Profiles
6.1. Achieveit
6.2. Adaptive Insights Inc. (Workday)
6.3. Anaplan Inc.
6.4. BearingPoint
6.5. Board International
6.6. CA Technologies (Broadcom Inc.)
6.7. Capgemini
6.8. CCH Tagetik (Wolters Kluwer N.V.)
6.9. Centage Corp.
6.10. Corporater AS
6.11. Datarails Ltd.
6.12. deFacto Global, Inc.
6.13. Epicor Software (Epicor Software Corporation)
6.14. HCL Technologies Ltd.
6.15. Infor
6.16. Infor Inc.
6.17. insight software
6.18. insightsoftware
6.19. Jedox
6.20. Kepion Inc..
1. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENTMARKET RESEARCH AND ANALYSIS BY OFFERING, 2023-2031 ($ MILLION)
2. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
3. GLOBAL SENTERPRISE PERFORMANCE MANAGEMENT SOLUTION MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
4. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2023-2031 ($ MILLION)
5. GLOBAL ON-PREMISES ENTERPRISE PERFORMANCE MANAGEMENTMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
6. GLOBALCLOUD ENTERPRISE PERFORMANCE MANAGEMENTMARKETRESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
7. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT MARKET RESEARCH AND ANALYSIS BY ENTERPRISE SIZE, 2023-2031 ($ MILLION)
8. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT FOR SMALL AND MEDIUM ENTERPRISES (SMES) MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
9. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT FOR LARGE ENTERPRISES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
10. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT MARKET RESEARCH AND ANALYSIS BY FUNCTION, 2023-2031 ($ MILLION)
11. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT FOR FINANCE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
12. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT FOR HUMAN RESOURCE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
13. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT FOR SUPPLY CHAINMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
14. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT FOR SALES AND MARKETINGMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
15. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT MARKET RESEARCH AND ANALYSIS BY VERTICAL OUTLOOK, 2023-2031 ($ MILLION)
16. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT FOR BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
17. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT FOR RETAIL AND CONSUMERMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
18. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT FOR GOVERNMENT AND EDUCATIONMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
19. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT FOR HEALTHCAREMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
20. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT FOR MANUFACTURINGMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
21. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT FOR TELECOM AND ITMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
22. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENTMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
23. NORTH AMERICAN ENTERPRISE PERFORMANCE MANAGEMENTMARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
24. NORTH AMERICAN ENTERPRISE PERFORMANCE MANAGEMENTMARKET RESEARCH AND ANALYSIS BY OFFERING, 2023-2031 ($ MILLION)
25. NORTH AMERICAN ENTERPRISE PERFORMANCE MANAGEMENTMARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2023-2031 ($ MILLION)
26. NORTH AMERICAN ENTERPRISE PERFORMANCE MANAGEMENTMARKET RESEARCH AND ANALYSIS BY ENTERPRISE SIZE,2023-2031 ($ MILLION)
27. NORTH AMERICAN ENTERPRISE PERFORMANCE MANAGEMENT MARKET RESEARCH AND ANALYSIS BY FUNCTION,2023-2031 ($ MILLION)
28. NORTH AMERICAN ENTERPRISE PERFORMANCE MANAGEMENT MARKET RESEARCH AND ANALYSIS BY VERTICAL OUTLOOK,2023-2031 ($ MILLION)
29. EUROPEAN ENTERPRISE PERFORMANCE MANAGEMENTMARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
30. EUROPEAN ENTERPRISE PERFORMANCE MANAGEMENTMARKET RESEARCH AND ANALYSIS BY OFFERING, 2023-2031 ($ MILLION)
31. EUROPEAN ENTERPRISE PERFORMANCE MANAGEMENTMARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2023-2031 ($ MILLION)
32. EUROPEAN ENTERPRISE PERFORMANCE MANAGEMENTMARKET RESEARCH AND ANALYSIS BY ENTERPRISE SIZE, 2023-2031 ($ MILLION)
33. EUROPEAN ENTERPRISE PERFORMANCE MANAGEMENT MARKET RESEARCH AND ANALYSIS BY FUNCTION, 2023-2031 ($ MILLION)
34. EUROPEAN ENTERPRISE PERFORMANCE MANAGEMENT MARKET RESEARCH AND ANALYSIS BY VERTICAL OUTLOOK, 2023-2031 ($ MILLION)
35. ASIA-PACIFIC ENTERPRISE PERFORMANCE MANAGEMENTMARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
36. ASIA-PACIFICENTERPRISE PERFORMANCE MANAGEMENTMARKET RESEARCH AND ANALYSIS BY OFFERING, 2023-2031 ($ MILLION)
37. ASIA-PACIFICENTERPRISE PERFORMANCE MANAGEMENTMARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2023-2031 ($ MILLION)
38. ASIA-PACIFICENTERPRISE PERFORMANCE MANAGEMENTMARKET RESEARCH AND ANALYSIS BY ENTERPRISE SIZE, 2023-2031 ($ MILLION)
39. ASIA-PACIFICENTERPRISE PERFORMANCE MANAGEMENT MARKET RESEARCH AND ANALYSIS BY FUNCTION, 2023-2031 ($ MILLION)
40. ASIA-PACIFICENTERPRISE PERFORMANCE MANAGEMENT MARKET RESEARCH AND ANALYSIS BY VERTICAL OUTLOOK, 2023-2031 ($ MILLION)
41. REST OF THE WORLD ENTERPRISE PERFORMANCE MANAGEMENTMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
42. REST OF THE WORLD ENTERPRISE PERFORMANCE MANAGEMENTMARKET RESEARCH AND ANALYSIS BY OFFERING, 2023-2031 ($ MILLION)
43. REST OF THE WORLD ENTERPRISE PERFORMANCE MANAGEMENTMARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2023-2031 ($ MILLION)
44. REST OF THE WORLD ENTERPRISE PERFORMANCE MANAGEMENTMARKET RESEARCH AND ANALYSIS BY ENTERPRISE SIZE, 2023-2031 ($ MILLION)
45. REST OF THE WORLD ENTERPRISE PERFORMANCE MANAGEMENT MARKET RESEARCH AND ANALYSIS BY FUNCTION, 2023-2031 ($ MILLION)
46. REST OF THE WORLD ENTERPRISE PERFORMANCE MANAGEMENT MARKET RESEARCH AND ANALYSIS BY VERTICAL OUTLOOK, 2023-2031 ($ MILLION)
1. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENTMARKETSHARE BY OFFERING, 2023 VS 2031 (%)
2. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT SERVICES MARKETSHARE BY REGION, 2023 VS 2031 (%)
3. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT SOLUTIONS MARKET SHARE BY REGION, 2023 VS 2031 (%)
4. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENTMARKET SHAREBY DEPLOYMENT, 2023 VS 2031 (%)
5. GLOBAL ON-PREMISESENTERPRISE PERFORMANCE MANAGEMENTMARKET SHARE BY REGION, 2023 VS 2031 (%)
6. GLOBALCLOUD MARKETENTERPRISE PERFORMANCE MANAGEMENTSHARE BY REGION, 2023 VS 2031 (%)
7. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENTMARKET SHAREBY ENTERPRISE SIZE, 2023 VS 2031 (%)
8. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT FOR SMALL AND MEDIUM ENTERPRISES (SMES) MARKET SHARE BY REGION, 2023 VS 2031 (%)
9. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT FOR LARGE ENTERPRISES MARKET SHARE BY REGION, 2023 VS 2031 (%)
10. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT MARKET SHAREBY FUNCTION, 2023 VS 2031 (%)
11. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT FOR FINANCE MARKET SHARE BY REGION, 2023 VS 2031 (%)
12. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT FOR HUMAN RESOURCE MARKET SHARE BY REGION, 2023 VS 2031 (%)
13. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT FOR SUPPLY CHAINMARKET SHARE BY REGION, 2023 VS 2031 (%)
14. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT FOR SALES AND MARKETINGMARKET SHARE BY REGION, 2023 VS 2031 (%)
15. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT MARKET SHAREBY VERTICAL OUTLOOK, 2023 VS 2031 (%)
16. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT FOR BFSI MARKET SHARE BY REGION, 2023 VS 2031 (%)
17. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT FOR RETAIL AND CONSUMER MARKET SHARE BY REGION, 2023 VS 2031 (%)
18. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT FOR GOVERNMENT AND EDUCATIONMARKET SHARE BY REGION, 2023 VS 2031 (%)
19. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT FOR HEALTHCAREMARKET SHARE BY REGION, 2023 VS 2031 (%)
20. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT FOR MANUFACTURINGMARKET SHARE BY REGION, 2023 VS 2031 (%)
21. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENT FOR TELECOM AND ITMARKET SHARE BY REGION, 2023 VS 2031 (%)
22. GLOBAL ENTERPRISE PERFORMANCE MANAGEMENTMARKETSHARE BY REGION, 2023 VS 2031 (%)
23. US ENTERPRISE PERFORMANCE MANAGEMENTMARKET SIZE, 2023-2031 ($ MILLION)
24. CANADA ENTERPRISE PERFORMANCE MANAGEMENTMARKET SIZE, 2023-2031 ($ MILLION)
25. UK ENTERPRISE PERFORMANCE MANAGEMENTMARKET SIZE, 2023-2031 ($ MILLION)
26. FRANCE ENTERPRISE PERFORMANCE MANAGEMENTMARKET SIZE, 2023-2031 ($ MILLION)
27. GERMANY ENTERPRISE PERFORMANCE MANAGEMENTMARKET SIZE, 2023-2031 ($ MILLION)
28. ITALY ENTERPRISE PERFORMANCE MANAGEMENTMARKET SIZE, 2023-2031 ($ MILLION)
29. SPAIN ENTERPRISE PERFORMANCE MANAGEMENTMARKET SIZE, 2023-2031 ($ MILLION)
30. REST OF EUROPE ENTERPRISE PERFORMANCE MANAGEMENTMARKET SIZE, 2023-2031 ($ MILLION)
31. INDIA ENTERPRISE PERFORMANCE MANAGEMENTMARKET SIZE, 2023-2031 ($ MILLION)
32. CHINA ENTERPRISE PERFORMANCE MANAGEMENTMARKET SIZE, 2023-2031 ($ MILLION)
33. JAPAN ENTERPRISE PERFORMANCE MANAGEMENTMARKET SIZE, 2023-2031 ($ MILLION)
34. SOUTH KOREA ENTERPRISE PERFORMANCE MANAGEMENTMARKET SIZE, 2023-2031 ($ MILLION)
35. REST OF ASIA-PACIFIC ENTERPRISE PERFORMANCE MANAGEMENTMARKET SIZE, 2023-2031 ($ MILLION)
36. LATIN AMERICAENTERPRISE PERFORMANCE MANAGEMENTMARKET SIZE, 2023-2031 ($ MILLION)
37. MIDDLE EAST AND AFRICAENTERPRISE PERFORMANCE MANAGEMENTMARKET SIZE, 2023-2031 ($ MILLION)
