Worldwide Financial Accounting Applications 2010 Vendor Shares

This IDC study provides a sizing of the financial accounting applications market in 2010. A list of vendors' market share and 2010 growth rates is provided along with a discussion of the performance of the market and market drivers in 2010. The financial accounting applications market reached $13.7 billion worldwide in 2010, a 4.6% growth rate over 2009.

"The potential for greatest growth in 2011 and beyond lies with specialized financial applications that automate finance and accounting business processes, such as financial risk and compliance management, travel and expense management, and supporting ecommerce, and that improve end-user experience with business intelligence and collaboration tools surfaced at those key decision points of the business process. In addition, companies will increasingly look at software-as-a-service alternatives for fit with their business requirements," said Scott Guinn, research director, Enterprise Applications.