Abstract

This IDC study discusses the worldwide market for financial applications. The worldwide financial applications market increased in 2019 to reach $30.3 billion, with revenue increasing by 7.5% over 2018's $28.2 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 to digital. It will be the companies with the right mix of talent and software tools that will be best able to thrive in these changing 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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