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Increasing adoption of cloud computing solutions and mobile phones, and growth traction in social networking service and big data are likely to play a vital role in market growth for performance management systems. Performance management systems help to filter data speedily and reach organization/company insights and take decisions. Introduction of advanced software solutions has contributed to a surge in demand of performance management systems. Additionally, increased spending on performance management solutions by the IT industry, despite organizational budgetary restrictions is also a key factor fueling the growth of the performance management systems market.