TECH SUPPLIER Jun 2019 - Market Share - Doc # US45122419
Worldwide Financial Applications Market Shares, 2018: Digital Transformation Reshaping Competitive Landscape
By: Kevin PermenterResearch Manager, Enterprise Applications, Mickey North RizzaProgram Vice President, Enterprise Applications and Digital Commerce, Jordan JewellResearch Manager, Digital Commerce and Enterprise Applications
This IDC study discusses the worldwide market for financial application software. The worldwide financial applications market increased in 2018 to reach $27.5 billion, with revenue increasing by 10.2% over 2017's $25 billion. The market for financial applications is being driven by the movement to the cloud for more efficient and effective financial management across the enterprise.
"The ground underneath the feet of today's financial professional is rapidly shifting. It will be the companies with the right mix of talent and software tools that will be best able to thrive within these increasingly complicated conditions. Software vendors that prioritize features that provide/enhance visibility, flexibility, and agility will find themselves well positioned for future growth," says Kevin Permenter, research manager, Enterprise Applications.
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