Demand for FP&A software is growing. MGI Research estimates that the market for cloud Financial Planning & Analysis (FP&A) tools among publicly traded companies is projected to reach nearly $8.5 billion in 2026, growing by 28% year over year.
This MGI MarketView™ infographic provides a comprehensive market summary of FP&A. It lays out an overview of factors like the meaning of FP&A, its total addressable market (TAM), growth rate by country and company size, top-spending industries and countries, growth drivers and inhibitors, and more.
What is FP&A?
Financial Planning & Analysis (FP&A) software automates financial planning, reporting, budgeting, modeling, and forecasting processes. It is a key component of the Agile Monetization Platform (AMP).
How big is the FP&A market?
The market for cloud-based FP&A tools among publicly traded companies is projected to reach nearly $8.5 billion in 2026, growing at a 3-year compound annual growth rate (CAGR) of 28%.
Who is buying cloud-based FP&A software?
Small to midsize companies are expected to grow above the industry average in the FP&A market over the next three years. Top-spending countries will include the US, Japan, and China, while Pakistan, India, and the Philippines are home to the fastest-growing FP&A markets worldwide. The retail, consumer services, and transportation industries are spending the most on FP&A software adoption.
Who are the key FP&A software vendors?
Some leading vendors in the FP&A market include Acterys, Anaplan, Board, Insight Software, Jedox, Kepion, OneStream, Oracle, Planful, Prophix, SAP, Syntellis, Vena, Wolters Kluwer, and Workday.
What is an MGI MarketView™?
The MGI MarketView™ is a comprehensive market summary presented in an infographic format. It is intended to help users understand the key characteristics of a given market at a glance. It provides a definition of the market, as well as important data, trends, and insights such as the projected total addressable market, compound annual growth rate, top-spending regions and industries, growth drivers and inhibitors, leading software vendors, and more. MGI MarketViews summarize the key takeaways from MGI Market Forecasts, MGI ICP Notes™, and MGI 360 Ratings™ – all in one quick, digestible, and shareable graphic.
