This IDC study reviews the market for SaaS ERM software, which grew strongly in 2014 to reach $15.6 billion, a 20.1% increase over 2013's $13.0 billion, driven by demand for public cloud offerings and modern intuitive user experiences. However, the on-premises market remains significant as medium-sized and large enterprises are choosing to maintain existing software rather than disrupt their critical business processes surrounding the management of finance, order management, payroll, procurement, projects, and strategic assets.
"ERM solutions have moved rapidly to the cloud as organizations of all sizes look to modern business applications with intuitive user experiences that can help them drive growth and agility while adapting to rapidly changing business models based on subscriptions and recurring revenue," says Christine Dover, research vice president, Enterprise Applications and Digital Commerce. "However, on-premises solutions remain important as many organizations choose not to disrupt core business functionality in the short term. Eventually, we expect to see many of these core applications move to the cloud."