Aug 222011
Last Updated on 22/08/2011
According to consulting firm IDC, as quoted in Accounting Today, the world’s top financial accounting software vendors in 2010, measured according to revenue are, in order, SAP, Oracle and Sage. These three account for 30.3 percent of the market pie, according to a recent IDC report. The world-wide revenue of $13.7 represents a growth of 4.6% following smaller growths in 2009 and 2010 due to the recession.
IDC also believes that financial applications have reached a critical mass and tipping points for migration to SAAS (Software As A Service). Financials are behind other applications given regulatory and privacy issues.
