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  • Worldwide ERM Software Sales Growing Fast in 2011

    June 27, 2011 Jenny Thomas

    This year has brought a lot of encouraging economic recovery news to the IT market, and here comes another bright spot. According to IDC, the worldwide enterprise resource management (ERM) applications market year-over-year revenue growth of 4.6 percent in the second half of 2010, and that trend is continuing into 2011.

    It’s not unexpected that companies with money to spend would be looking to put it toward integrating disparate systems, which would hopefully free up more dollars for other projects in the long-term. The number of dollars predicted to pour into this market is a little surprising. IDC forecasts that global ERM application revenues will, for the first time, increase by more than $2 billion in 2011, achieving a total market size of $36.2 billion.

    “In this post-recession business environment, companies are investing in automation for competitive advantage, and in tools to help them get closer to their customers, partners and suppliers,” said Michael Fauscette, group vice president for software business solutions at IDC. “While the overall ERM market should produce steady growth for some time, we expect spending to increase in vertical-specific applications, applications that increase social collaboration and community, mobile applications, and applications that facilitate both B2B (Business-to-Business) and B2C (Business-to-Consumer) commerce processes.”

    The IDC tracker provides total market size and vendor share for the following technology areas:

    • Financial accounting applications
    • Human capital management
    • Payroll accounting
    • Procurement
    • Order management
    • Financial performance and strategy management applications
    • Project and portfolio management (PPM)
    • Enterprise asset management

    A total of 351 vendors were included in the latest ERM tracker. The top five vendors–SAP, Oracle, Microsoft, Sage, and Intuit–earned more than $1 billion each in ERM software revenue during 2010. SAP held the top spot with 17 percent market share globally.

    Only SAP, Oracle, and Microsoft managed to outperform the market in terms of growth. Additionally, SAP enjoyed double-digit growth performance in the enterprise asset management space, as did Oracle in the order management and procurement functional markets.

    “While the overall ERM applications market is expected grow 5.9 percent in 2011, five out of its eight functional markets are poised to achieve above average market growth,” said Wilvin Chee, associate vice president for worldwide software trackers at IDC. “These are the human capital management, procurement, financial performance and strategy management applications, order management, and enterprise asset management markets.”

    Additionally, the tracker covers six geographic regions with country-level data for 13 nations. Looking at the map, SAP earned over 20 percent growth in its Asia/Pacific (excluding Japan) and Latin America regions, while Microsoft enjoyed double-digit growth rates in regions outside of North America and Western Europe. Among the top three vendors globally, Oracle experienced the best growth in the North America region.

    In the largest country markets, double-digit growth is expected in Australia, Brazil, China, Russia, and India during 2011. In China, human capital management applications will be the top-performing market, while financial performance and strategy management will be the market leader in Brazil. In Australia, financial accounting applications will be the strongest ERM functional market. Project and portfolio management will be the key growth market in Russia, and order management applications are expected to produce the best growth this year in India.

    For more on the ERM study, visit IDC’s site.

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Volume 20, Number 23 -- June 27, 2011
THIS ISSUE SPONSORED BY:

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Table of Contents

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  • Worldwide ERM Software Sales Growing Fast in 2011
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