NetSuite Inc., Workday Among Fastest-Growing ERP Software Vendors According to a 2014 Gartner report, the ERP software market is now worth $25.4 billion. Enterprise resource planning software is one of the more mature enterprise sectors. Top ERP vendors such as Oracle and SAP are already showing worrying signs of stagnation and even declines in revenue from this important sector. However, this does not mean that ERP software is dead — far from it. Upcoming SaaS ERP vendors such as Workday, Cornerstone OnDemand, and NetSuite are proving that the sector is still very much alive. ERP vendors rely to a large extent on maintenance revenue streams to survive. The 3.8% growth of the industry is, unfortunately, not nearly enough to sustain the large and complex cost structures of the existing market leaders. Ironically, young ERP vendors are growing fast, precisely for the same reason. These companies do not typically have heaps of legacy software from which they can reap fat maintenance fees. Thus, they simply have to innovate, or die. Read more at: arthurlawrence.net/netsuite-workday-among-fastest-growing-erp-software-vendors #NetSuite #Workday #ERP #Technology #IT #Solutions #Consulting #Cloud #SaaS
Posted on: Tue, 01 Jul 2014 07:27:29 +0000