Abstract
This IDC study examines the shares of more than 160 vendors in the financial accounting applications market between 2004 and 2006 with strategy analysis of the top 3 players - Oracle, Sage, and SAP - as they start consolidating their gains in a growing number of vertical industries across the large, medium-sized, and small customer segments. It also outlines the industry trends that will help shape the market forecast through 2011.
Amid globalization effects and competitive pressures, enterprises are more intent than ever on improving their financial accounting business processes. "Better corporate governance is another major driving force behind increased investments in financial accounting applications,' ' said Albert Pang, IDC research director for enterprise applications. "The multiplying effect is that the market for financial accounting applications will continue to show strong growth momentum over the next five years because of rising demand for enterprisewide transparency and accountability on matters such as fast financial close, integration of financial supply chain components, and world-class risk management modeling.' '
Table of Contents
- Table of Contents
- IDC Opinion
- In This Study
- Methodology
- Situation Overview
- Table: Worldwide Financial Accounting Applications License and Maintenance Revenue by Vendor, 2004-2006 ($M)
- SAP
- Oracle
- Sage
- Future Outlook
- Multibook Accounting Facilitates System Consolidation
- Financial Applications Take on Mashups
- Consolidation Changes Financial Accounting Market Dynamics
- Forecast and Assumptions
- Table: Worldwide Financial Accounting Applications License and Maintenance Revenue by Region, 2006-2011 ($M)
- Table: Worldwide Financial Accounting Applications License and Maintenance Revenue by Platform, 2006-2011 ($M)
- Table: Key Forecast Assumptions for the Worldwide Financial Accounting Applications Market, 2007-2011
- Market Context
- Table: Worldwide Financial Accounting Applications License and Maintenance Revenue, 2006-2011: Comparison of November 2006 and November 2007 Forecasts ($M)
- Figure: Worldwide Financial Accounting Applications License and Maintenance Revenue, 2006-2011: Comparison of November 2006 and November 2007 Forecasts
- Figure: Worldwide Financial Accounting Applications License and Maintenance Revenue Growth, 2006-2011: Comparison of November 2006 and November 2007 Forecasts
- Essential Guidance
- Consolidating Datacenters to Optimize System Performance
- Overhauling Java Applications
- Learn More
- Related Research
- Methodology
- Definitions of Financial Accounting Applications
- Accounting
- Treasury Management
- Synopsis
