TECH SUPPLIER Jul 2018 - Market Share - Doc # US43265818
Worldwide Enterprise Resource Management Applications Market Shares, 2017: The Shift to Cloud Is Here
By: Mickey North RizzaProgram Vice President, Enterprise Applications and Digital Commerce, Jordan JewellResearch Manager, Digital Commerce and Enterprise Applications, Kevin PermenterResearch Manager, Enterprise Applications
This IDC study reviews the market for ERM software, which was up in 2017 at $61.4 billion, an increase over 2016's $56.6 billion. IDC finds digital transformation initiatives are driving growth in ERM solutions as more than two-thirds of CEOs of Global 2000 enterprises have digital transformation at the center of their corporate strategy.
Mickey North Rizza, program VP for Enterprise Applications, says, "Digital transformation initiatives are driving ERM solution vendors to build ERM solutions in the cloud because businesses want to deploy faster and quickly capitalize on new innovation as it is introduced."
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