Top 10 Banking and Financial Services Software Vendors, Market Size and Market Forecast 2020-2025

Worldwide Banking and Financial Services Applications Market to reach $35.6 billion by 2025, compared with $32.6 billion in 2020 at a compound annual growth rate of 1.8%.

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In 2020, the top 10 Banking and Financial Services software vendors accounted for nearly 50.9% of the global Banking and Financial Services applications market which grew 2.6% to approach nearly $32.6 billion in license, maintenance and subscription revenues.

Microsoft was the market leader with a 19.8% market share in license, maintenance and subscription revenues. FIS Global was #2, followed by SAP, Oracle, and NCR Corporation.

We ask the simple question: Who’s buying Banking and Financial Services applications from whom and why? And we provide the answers – supported by decades of research – to our clients around the world. (Sample from our Apps Database)

Top 10 Banking and Financial Services Software Vendors, Market Size and Market Forecast 2020-2025
Exhibit 1 – 2020 Banking and Financial Services Applications Market Shares Split By Top 10 Banking and Financial Services Vendors and Others

Through our forecast period, the Banking and Financial Services applications market size is expected to reach $35.6 billion by 2025, compared with $32.6 billion in 2020 at a compound annual growth rate of 1.8%.

Exhibit 2: Worldwide Banking and Financial Services Software Market 2020-2025 Forecast, $M
Year202020252020-2025 CAGR, %
Total32579355921.8%

Source: Apps Run The World, December 2021

Top 10 Banking and Financial Services Software vendors

Banking and Financial Services (Credit, lending, securities institutions) – Hedge fund administration, Core Banking, Cash, treasury, payment, risk management and supply chain finance solutions, Investment management system, Securities transaction and online trading technology, Mortgage, Loan origination and processing solutions, Teller transaction and loan processing, automated loan decisioning, analytical science analysis, workflow management, and sales and service solutions, Financials, HR, Procurement

Here are the rankings of the top 10 Banking and Financial Services software vendors in 2020 and their market shares.

RankVendor2019 Banking and Financial Services Apps Revenues, $M2020 Banking and Financial Services Apps Revenues, $MYoY Growth2020 Banking and Financial Services Market Share, %Recent Developments
1Microsoft Subscribe Subscribe10.0% SubscribeIn February 2021, Microsoft announced the availability of Microsoft Cloud for Financial Services public preview beginning on March 2021, with new capabilities for retail banking and additional new services fit for the broader industry to come. By integrating existing and new capabilities in Microsoft 365, Azure, Dynamics 365, and Microsoft Power Platform, Microsoft Cloud for Financial Services unlocks unprecedented value.
2FIS Global Subscribe Subscribe3.5% SubscribeIn January 2020, FIS acquired a majority interest in Virtus Partners, a provider of high-value managed services and technology to the credit and loan market. That follows the 2019 purchase of Worldpay for its payment processing business in a deal worth $43 billion.
3SAP Subscribe Subscribe2.5% SubscribeIn April 2021, SAP and investment company Dediq GmbH entered into a strategic partnership to form a dedicated Financial Services Industry Unit, which will be jointly owned by the two companies. Both SAP and Dediq will provide the FSI Unit with the funding, technology, and development expertise, as well as a broad ecosystem of partners. More than 80% of the top 1,000 banks and insurers are already SAP customers. The new solutions will be built as part of SAP’s industry cloud solutions, based on SAP technologies and applications such as SAP HANA, SAP S/4HANA, SAP Business Technology Platform and others.
4Oracle Subscribe Subscribe-0.4% SubscribeIn November 2020, Oracle rolled out anti-money laundering services for banks. Oracle Financial Crime and Compliance Management Cloud Services is an application suite designed for mid-sized banks and smaller financial institutions. It offers services for the full anti-money laundering (AML) lifecycle so organisations can quickly identify abnormal customer behavior, and so that they can streamline compliance activities.
5NCR Corporation Subscribe Subscribe-0.9% SubscribeIn April 2021, NCR and Google Cloud announced a global strategic partnership. NCR will expand cloud availability of its Digital Banking software portfolio, including NCR Channel Services for retail banking as well as its card and payments processing platform NCR Authentic. NCR and Google Cloud will collaborate on product development and innovation to further enhance the suite of cloud-based solutions and analytics available to banking customers on Google Cloud. More than 15,000 banks and credit unions are powered by NCR.
6Jack Henry & Associates Subscribe Subscribe1.7% SubscribeIn August 2021, Jack Henry Banking division introduced SecurePort, a Sheltered Harbor solution. SecurePort is available to banks using the SilverLake System core to help provide end users with timely access to their account balances and funds should critical systems and traditional backups fail. Jack Henry Banking currently serves more than 1,000 banks as a single source for integrated, enterprise-wide automation and as a single point of contact and support.
7Temenos Group AG Subscribe Subscribe-7.2% SubscribeIn September 2021, Temenos, Video, a fully cloud-based online banking (BaaS) provider, and Aion Bank, a digital bank and authorized credit institution in Europe, have launched a strategic collaboration aimed at accelerating the deployment of Bank as a Service (BaaS) in Europe. BaaS is emerging as a megatrend within financial services, where licensed banks integrate their digital banking services directly into the products of other non-financial businesses.
8SS&C Technologies Subscribe Subscribe-4.8% SubscribeIn December 2021, SS&C Technologies acquired Hubwise Holdings Limited, a regulated U.K. B2B investment platform serving advisers, discretionary wealth managers, and self-directed digital D2C propositions. The acquisition adds 58 employees serving 51 customers in the U.K.
9Fiserv Subscribe Subscribe-0.5% SubscribeIn January 2021, Fiserv completed its acquisition of the Ondot digital experience platform for financial institutions. The transaction will further expand Fiserv’s digital capabilities, enhancing its suite of integrated solutions to enable clients of all sizes to deliver frictionless, digital-first, and personalized experiences to their consumers. Ondot provides more than 4,500 banks and credit unions with a digital card services platform to drive cardholder engagement.
10Finastra Subscribe Subscribe6.5% SubscribeIn November 2021, Finastra introduced new anti-money laundering compliance capabilities integrated with its Fusion Global PAYplus core payments solution, via Fincom.co and the FusionFabric.cloud open developer platform.
Subtotal Subscribe Subscribe4.2% Subscribe
Other Subscribe Subscribe0.9% Subscribe
Total31768325792.6%100%

Source: Apps Run The World, December 2021

Other Banking and Financial Services software providers included in the report are: ACI Worldwide, Inc., Adobe, ADP, AdviseSoft, Alfa Financial Software Holdings plc, ARCHIBUS, Argo Data Resource Corp., Asseco Group, Atlassian, Avaloq, Axway, Backbase, Banqsoft AS, BIS – Business Integration Services, Bloomberg, Budgetrac, Calypso Technology, Calyx, Capita Software, Cisco Systems, Citrix, Clarifire, Clearwater Analytics, COCC, Constellation Financing Systems Corp, CoStar Group, DATEV, Deloitte, Dileoz, DocuSign, Inc., Dropbox, Ebix, Edgeverve, an Infosys company, eFront, S.A., Ellie Mae, Envestnet, Equifax, ERI Bancaire, Exela Technologies, Inc., FICO, Fraedom, GBST Holdings Limited, Genesys Telecommunications Laboratories, Google, Hexagon, Homnet Leasing, HubSpot, IBM, Imagine Software, Informatica, International Decision Systems (IDS), ION Trading, ISGN Corporation, Jack Henry & Associates, Kofax, KOGER, Inc., Laserfiche, Linedata Services S.A., LoanLogics, LogMeIn, Inc., LRS Retirement Solutions, LTi Technology Solutions, Milliman Marc, MSCI, Murex, NetSol Technologies Inc., Newgen Software, Nice Systems, Nuance Communications Inc., Odessa Technologies, Oleeo, Open Text Corporation, Paycom, Pegasystems, Q2ebanking, Quantrix, Salesforce, Serrala, ServiceNow, SimCorp, SmartStream, Sopra Steria Group SA, Tableau Software, TalentMap, Teradata Corporation, Thomson Reuters Elite, Tieto (Ex EMRIC AB), TotalSoft, Verint Systems Inc., White Clarke Group, Wolters Kluwer, Workday, Workiva, ZenTreasury, Zoom Video Communications, and many others.

Custom data cuts related to the Banking and Financial Services Applications market are available:

  • Top 500 Banking and Financial Services Applications Vendors and Market Forecast 2020-2025
  • 2020 Banking and Financial Services Applications Market By Functional Market (16 Markets)
  • 2020 Banking and Financial Services Applications Market By Country (USA + 45 countries)
  • 2020 Banking and Financial Services Applications Market By Region (Americas, EMEA, APAC)
  • 2020 Banking and Financial Services Applications Market By Revenue Type (License, Services, Hardware, Support and Maintenance, Cloud)
  • 2020 Banking and Financial Services Applications Market By Customer Size (revenue, employee count, asset)
  • 2020 Banking and Financial Services Applications Market By Channel (Direct vs Direct)
  • 2020 Banking and Financial Services Applications Market By Product

Exhibit 4 shows our projections for the enterprise applications market by vertical segment, based on the buying preferences and the customer propensity to invest in new software within those industries as they continue to upgrade and replace many legacy industry-specific applications that have been identified and tracked in our Buyer Insight Database.

Exhibit 4: Worldwide Enterprise Applications Market Forecast 2019-2024, By Vertical Industry, $M

Exhibit 4 - Worldwide Enterprise Applications Market Forecast 2020-2025, By Vertical Market, $M
Exhibit 4 – Worldwide Enterprise Applications Market Forecast 2020-2025, By Vertical Market, $M

Banking and Financial Services Software Purchases Win/Loss Analysis As Part Of Enterprise Applications Buyer Insight Customer Database

On the buyer side, customers are investing in Banking and Financial Services systems based on new features and capabilities that are expected to replace their existing legacy systems. In many cases, competitive upgrades and replacements that could have a profound impact on future market-share changes will become more widespread.

Since 2010, our global team of researchers have been studying the patterns of the latest Banking and Financial Services software purchases by customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.

Updated continuously, our database features extensive win/loss analysis. Each year our research team identifies tens of thousands of these customer Banking and Financial Services wins and losses from public and proprietary sources.

The research results are being incorporated into regular updates in our Enterprise Applications Buyer Insight Customer Database. You can access the Quarterly Win/Loss Analysis Scoreboard and our Enterprise Applications Buyer Insight Customer Database by becoming a subscriber.

CustomerIndustryEmpl.RevenueCountryVendorNew ProductCategory
AmBankBanking and Financial Services9600$1.10BMalaysiaFinastraFinasta Misys FusionBanking EquationCore Banking
The United Bank of EgyptBanking and Financial Services1000$500.0MEgyptFinastraFinasta Misys FusionBanking EquationCore Banking
BNP Paribas S.A.Banking and Financial Services193319$52.63BFranceFinastraFinastra Fusion LenderComm BlockchainBlockchain Platform
The Bank of New York Mellon CorporationManufacturing48000$15.51BUnited StatesFinastraFinastra Fusion LenderComm BlockchainBlockchain Platform
Bank of Nova ScotiaBanking and Financial Services92001$31.00BUnited StatesFinastraFinastra Misys BankfusionCore Banking
Student LoansBanking and Financial Services2554$1.90BUnited KingdomFinastraFinastra Misys BankfusionCore Banking
Bank AvalBanking and Financial Services46873$8.09BUkraineFinastraFinastra Misys BankmasterCore Banking
ANZBanking and Financial Services37884$14.19BAustraliaFinastraFinastra Misys FusionBanking Loan IQLoan Management
NORD/LBBanking and Financial Services6400$3.12BGermanyFinastraFinastra Misys FusionBanking Loan IQLoan Management
Credit Agricole CIBBanking and Financial Services18300$4.70BSingaporeFinastraFinastra Misys FusionBanking MidasCore Banking
Société GénéraleBanking and Financial Services146000$28.52BFranceFinastraFinastra Misys FusionBanking MidasCore Banking
Oversea-Chinese BankingBanking and Financial Services29706$7.23BSingaporeFinastraFinastra Misys FusionBanking MidasCore Banking
Citizens Financial Group, Inc.Banking and Financial Services17584$6.91BUnited StatesFIS GlobalFIS Core BankingCore Banking
State Bank of India, CaliforniaBanking and Financial Services222033$3.80BUnited StatesFIS GlobalFIS Core BankingCore Banking
CIT GroupBanking and Financial Services4260$2.34BUnited StatesFIS GlobalFIS Core BankingCore Banking
Bank Leumi USAProfessional Services2000$650.0MUnited StatesFIS GlobalFIS Core BankingCore Banking
Schroder & Co Bank AGBanking and Financial Services5571$3.49BUnited KingdomFIS GlobalFIS Data Integrity Manager (Formerly IntelliMatch)Account Reconciliation
MetLife Alico JapanBanking and Financial Services10111$2.26BJapanFIS GlobalFIS Data Integrity Manager (Formerly IntelliMatch)Account Reconciliation
Landmark BankBanking and Financial Services700$130.0MUnited StatesFIS GlobalFIS Digital OneDigital Banking
Fidelity BankBanking and Financial Services3000$600.0MGhanaFIS GlobalFIS Global HorizonCore Banking
Deutsche Asset & Wealth ManagementBanking and Financial Services87597$26.81BGermanyFIS GlobalFIS Private Capital Suite (Formerly Investran)Portfolio and Investment Management
The Goldman Sachs Group, Inc.Banking and Financial Services10000$3.00BUnited KingdomFIS GlobalFIS Private Capital Suite (Formerly Investran)Portfolio and Investment Management
Amlin Corporate Member, Ltd.Banking and Financial Services57000$64.23BUnited StatesFIS GlobalFIS Treasury and Risk Manager – Integrity EditionTreasury Management
Morgan StanleyBanking and Financial Services74000$45.27BUnited StatesFIS GlobalFIS Sungard InvesTierPortfolio and Investment Management
General Motors Financial Company IncBanking and Financial Services9000$14.02BUnited StatesFIS GlobalFIS Treasury and Risk Manager – Quantum EditionTreasury Management
Thrivent Financial for LutheransBanking and Financial Services7300$3.00BUnited StatesFIS GlobalSunGard Asset ArenaPortfolio and Investment Management
Tesco BankBanking and Financial Services3900$1.02BUnited KingdomFiservFiserv AgilitiCore Banking
Unity Bank PlcBanking and Financial Services2100$600.0MNigeriaFiservFiserv Corillian OnlineCore Banking
Westpac Banking GroupBanking and Financial Services40143$14.98BAustraliaFiservFiserv Corillian OnlineCore Banking
United Nations Federal Credit Union (UNFCU)Banking and Financial Services550$179.0MUnited StatesFiservFiserv DNA PlatformCore Banking
JPMorgan Chase & Co.Banking and Financial Services265790$119.54BUnited StatesFiservFiserv Frontier ReconciliationAccount Reconciliation
Wintrust Financial CorporationBanking and Financial Services4000$1.40BUnited StatesFiservFiserv Frontier ReconciliationAccount Reconciliation
United Comm BanksBanking and Financial Services2480$639.0MUnited StatesFiservFiserv PremierCore Banking
Washington FederalBanking and Financial Services2100$570.0MUnited StatesFiservFiserv PrologueERP Financial
Sainsburys BankBanking and Financial Services1000$500.0MUnited KingdomFiservFiserv PrologueERP Financial
Bank of CeylonBanking and Financial Services8503$1.20BSri LankaFiservFiserv Signature Bank PlatformCore Banking
Lone Star National BankBanking and Financial Services673$91.0MUnited StatesJack Henry & AssociatesJack Henry ArgoKeys DepositKeysCore Banking
South State BankBanking and Financial Services5266$645.0MUnited StatesJack Henry & AssociatesJack Henry Banking SilverLake SystemCore Banking
LendingClubBanking and Financial Services1030$243.0MUnited StatesJack Henry & AssociatesJack Henry EnsentaPayment Processing
Live OakBanking and Financial Services628$215.0MUnited StatesJack Henry & AssociatesJack Henry EnsentaPayment Processing
First Financial BankBanking and Financial Services2026$645.0MUnited StatesJack Henry & AssociatesJHA SmartPayPayment Processing
Erste Group BankBanking and Financial Services45690$5.65BAustriaMicrosoftLinkedIn Talent SolutionsRecruiting
Svenska HandelsbankenBanking and Financial Services12546$5.02BSwedenMicrosoftLinkedIn Talent SolutionsRecruiting
Refinancia S.A.Banking and Financial Services1000$100.0MColombiaMicrosoftMicrosoft 365Collaboration
BanorteBanking and Financial Services3162$5.41BMexicoMicrosoftMicrosoft 365Collaboration
Banco DaviviendaBanking and Financial Services12500$3.80BColombiaMicrosoftMicrosoft 365Collaboration
Woodforest National BankBanking and Financial Services4843$4.88BUnited StatesMicrosoftMicrosoft Dynamics 365 for Finance and OperationsERP Financial
Suncorp Group LimitedBanking and Financial Services13505$8.53BAustraliaMicrosoftMicrosoft Dynamics 365 for Finance and OperationsERP Financial
Bank of QueenslandBanking and Financial Services2021$800.0MAustraliaMicrosoftMicrosoft Dynamics 365 for Customer ServiceCustomer Support
Western Alliance BancorporationBanking and Financial Services1915$1.21BUnited StatesMicrosoftMicrosoft Dynamics 365 Customer EngagementCRM
Federal Home Loan Mortgage CorporationBanking and Financial Services6905$16.70BUnited StatesMicrosoftMicrosoft Power BIAnalytics and BI
Wintrust Financial CorporationBanking and Financial Services4000$1.40BUnited StatesMicrosoftMicrosoft Power BIAnalytics and BI
BDO CanadaBanking and Financial Services80087$9.00BCanadaMicrosoftMicrosoft SharePointContent Management
SAFE Credit UnionBanking and Financial Services700$147.0MUnited StatesNCR CorporationNCR Digital BankingDigital Banking
Allegacy Federal Credit UnionBanking and Financial Services400$70.0MUnited StatesNCR CorporationNCR Digital BankingDigital Banking
Thrivent Financial for LutheransBanking and Financial Services7300$3.00BUnited StatesNCR CorporationNCR D3Digital Banking
Wells Fargo & CompanyBanking and Financial Services253871$72.34BUnited StatesNCR CorporationNCR Authentic PlatformPayment Processing
Banco do BrasilBanking and Financial Services93190$89.14BBrazilOracleOracle FlexcubeCore Banking
Citigroup Inc.Banking and Financial Services210153$88.84BUnited StatesOracleOracle FlexcubeCore Banking
Wells Fargo & CompanyBanking and Financial Services253871$72.34BUnited StatesOracleOracle FlexcubeCore Banking
HSBC Bank plcBanking and Financial Services223448$50.23BUnited KingdomOracleOracle FlexcubeCore Banking
Lloyds Banking GroupBanking and Financial Services65000$20.52BUnited KingdomOracleOracle FlexcubeCore Banking
Federal Deposit InsuranceBanking and Financial Services5538$6.53BUnited StatesOracleOracle Cloud ERPERP Financial
Ocwen Financial CorporationBanking and Financial Services5200$960.0MUnited StatesOracleOracle Cloud ERPERP Financial
Bank of America CorporationBanking and Financial Services209000$86.27BUnited StatesOracleOracle Cloud ERPERP Financial
FS InvestmentsBanking and Financial Services300$538.0MUnited StatesOracleOracle Cloud HCMCore HR
ING GroupBanking and Financial Services55452$19.54BNetherlandsOracleOracle Cloud HCMCore HR
BlackRock, Inc.Banking and Financial Services16500$16.21BUnited StatesOracleOracle Cloud HCMCore HR
Radian Group IncBanking and Financial Services2000$1.44BUnited StatesOracleOracle Cloud EPMEPM
Freedom Mortgage CorporationBanking and Financial Services10000$1.40BUnited StatesOracleOracle Cloud EPMEPM
Franz Haniel & Cie.Banking and Financial Services20400$3.70BGermanySAPSAP Treasury and Risk ManagementTreasury Management
Standard Chartered Bank SingaporeBanking and Financial Services8000$1.29BSingaporeSAPSAP AribaProcurement
United Overseas BankBanking and Financial Services26827$7.09BSingaporeSAPSAP SuccessFactors Employee CentralCore HR
Arvato Financial Solutions UKBanking and Financial Services68463$4.58BGermanySAPSAP SuccessFactors Employee CentralCore HR
Deutsche Bank ItaliaBanking and Financial Services3600$387.0MItalySAPSAP Core BankingCore Banking
DZ BANK AGBanking and Financial Services31410$6.97BGermanySAPSAP Core BankingCore Banking
Standard Bank / ICBCBanking and Financial Services380000$80.00BUnited KingdomSAPSAP Core BankingCore Banking
DZ BANK AGBanking and Financial Services31410$6.97BGermanySAPSAP Core BankingCore Banking
CommerzbankBanking and Financial Services49174$10.10BGermanySAPSAP IS BankingDigital Banking
Commonwealth BankBanking and Financial Services46189$17.51BAustraliaSAPSAP IS BankingDigital Banking
Nationwide Building SocietyBanking and Financial Services18644$4.64BUnited KingdomSAPSAP IS BankingDigital Banking
Royal Bank of ScotlandBanking and Financial Services59900$13.10BUnited KingdomSAPSAP IS BankingDigital Banking
APG Groep N.V.Banking and Financial Services4000$1.20BNetherlandsSAPSAP S/4 HANAERP Financial
Bausparkasse Schwaebisch Hall AGBanking and Financial Services6500$1.74BGermanySAPSAP S/4 HANAERP Financial
Ittihad International InvestmentBanking and Financial Services10000$1.60BUnited Arab EmiratesSAPSAP S/4 HANAERP Financial
DZ BANK AGBanking and Financial Services31410$6.97BGermanySAPSAP Analytics CloudAnalytics and BI
Emirates NBD BankBanking and Financial Services26000$6.31BUnited Arab EmiratesSAPSAP Analytics CloudAnalytics and BI
Citigroup Inc.Banking and Financial Services210153$88.84BUnited StatesSS&C TechnologiesAdvent GenevaPortfolio and Investment Management
Credit Suisse GroupBanking and Financial Services49950$20.64BSwitzerlandSS&C TechnologiesAdvent GenevaPortfolio and Investment Management
Renaissance Technologies, New YorkBanking and Financial Services26813$4.87BUnited StatesSS&C TechnologiesAdvent GenevaPortfolio and Investment Management
Stonehage FlemingBanking and Financial Services600$110.0MUnited KingdomSS&C TechnologiesAdvent GenesisPortfolio and Investment Management
Rand Merchant BankBanking and Financial Services3000$450.0MSouth AfricaSS&C TechnologiesAdvent Revenue CenterPortfolio and Investment Management
Emirates NBD BankBanking and Financial Services26000$6.31BUnited Arab EmiratesSS&C TechnologiesAdvent TradeXPortfolio and Investment Management
Agricultural Bank of ChinaBanking and Financial Services473691$95.55BChinaTemenosTemenos T24Core Banking
Bank of MontrealBanking and Financial Services43360$23.32BCanadaTemenosTemenos T24Core Banking
Credit Suisse GroupBanking and Financial Services49950$20.64BSwitzerlandTemenosTemenos T24Core Banking
Commerzbank AGBanking and Financial Services32800$12.31BGermanyTemenosTemenos T24Core Banking
Credit Suisse GroupBanking and Financial Services49950$20.64BSwitzerlandTemenosTemenos FundSuiteWealth Management
ABN AMRO Bank NVBanking and Financial Services19700$8.51BNetherlandsTemenosTemenos Infinity Wealth (ex WealthSuite)Wealth Management
Banchile InversionesBanking and Financial Services15000$900.0MChileTemenosTemenos Infinity Wealth (ex WealthSuite)Wealth Management

Source: Apps Run The World, December 2021

Further Readings

An expanded version of this report covers the top 750+ Banking and Financial Services Software Vendors, offering in-depth analysis of the market dynamics, vendors’ Strengths, Customers, Opportunities, Risks and Ecosystems as well as their ability to gain Shares(SCORES) within their respective space. We also offer win-loss analysis of the quarterly wins of these top vendors and whether incumbents and upstarts pose any real threat to their standing amid shifting market requirements and user preferences.

More Enterprise Applications Research Findings

Based on the latest annual survey of 3,000+ enterprise software vendors, Apps Run The World is releasing a number of dedicated reports, which profile the world’s 500 largest Enterprise Applications Vendors (Apps Top 500) and the world’s 500 largest Cloud Applications Vendors (Cloud Top 500) ranked by their 2015-2020 product revenues.

Their 2020 results are being broken down, sorted and ranked across 16 functional areas (from Analytics to Treasury and Risk Management) and by 21 vertical industries(from Aerospace to Utility), as shown in our Taxonomy. Further breakdowns by subvertical, country, company size, etc. are available as custom data cuts per special request.

Research Methodology

Each year our global team of researchers conduct an annual survey of thousands of enterprise software vendors by contacting them directly on their latest quarterly and annual revenues by country, functional area, and vertical market. We supplement their written responses with our own primary research to determine quarterly and yearly growth rates, In addition to customer wins to ascertain whether these are net new purchases or expansions of existing implementations.

Another dimension of our proactive research process is through continuous improvement of our customer database, which stores more than one million records on the enterprise software landscape of over 100,000 organizations around the world.

The database provides customer insight and contextual information on what types of enterprise software systems and other relevant technologies are they running and their propensity to invest further with their current or new suppliers as part of their overall IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.

The result is a combination of supply-side data and demand-generation customer insight that allows our clients to better position themselves in anticipation of the next wave that will reshape the enterprise software marketplace for years to come.