Top 10 Cloud ERP Software Vendors, Market Size and Market Forecast 2020-2025

Worldwide Cloud ERP Applications Market to reach $32.1 billion by 2025, compared with $25.8 billion in 2020 at a compound annual growth rate of 2.8%.

In 2020, the top 10 Cloud ERP software vendors accounted for nearly 44.1% of the global Cloud ERP applications market which grew 10.5% to approach nearly $25.8 billion in Cloud ERP license, maintenance and subscription revenues. The Cloud ERP applications market includes both ERP Financial Management & ERP Services and Operations applications.

Last year Oracle led the pack with nearly 12.2% market share riding on a 32.5% jump in Cloud ERP license, maintenance and subscription revenues. Intuit was #2, followed by athenahealth, RealPage and SAP.

We ask the simple question: Who’s buying Cloud ERP 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 Cloud ERP Software Vendors v1
Exhibit 1 – 2020 Cloud ERP Applications Market Shares Split By Top 10 Cloud ERP Vendors and Others, %

Through our forecast period, the Cloud ERP applications market size is expected to reach $32.1 billion by 2025, compared with $25.8 billion in 2020 at a compound annual growth rate of 2.8%.

Exhibit 2: Worldwide Cloud ERP Software Market 2020-2025 Forecast, $M
Year202020252020-2025 CAGR, %
Total25845320802.8%

Source: Apps Run The World, April 2021

Top 10 Cloud ERP Software Vendors

ERP Financial Management software covers finance-specific business processes such as accounts payable, accounts receivable, general ledger, and fixed asset accounting, as well as online functions such as invoicing, factoring, electronic payments and financial reporting. FM applications revenues represent a major contributor to the Enterprise Resource Planning market as part of our market sizing exercise.

ERP Services and Operations Management covers integrated applications suites designed to automate a range of business processes from back-office operations to financial management and from sales order capture to customer information management. Currently ERP also covers functions not being addressed by other functional markets. Examples include Environment and Health and Safety, Governance, Risk and Compliance, as well as industry-specific applications for 21 verticals.

Buoyed by NetSuite, Workday and Xero, the Cloud ERP Financial Management market has never looked more promising, but incumbents are fighting back with quick conversion toolkits, GL upgrades and embedded analytics for easy reporting.

Industry-specific Cloud ERP applications continue to exert considerable influence over direction of enterprise applications market, but growth remains muted because of entrenched presence of legacy systems.

Here are the rankings of the top 10 Cloud ERP software vendors in 2020 and their market shares.

RankVendor2019 Cloud ERP Apps Vendors, $M2020 Cloud ERP Apps Vendors, $MGrowth, %2020 Market Share, %Recent Developments
1Oracle Subscribe Subscribe32.5% SubscribeDriven by increased adoptions of its Oracle Fusion Cloud ERP among large enterprises, the vendor is expected to post more than $4 billion in annualized revenues for its back-office apps in 2021. With these next-generation back-office apps, Oracle has surpassed its rivals by quickly converting its installed base of legacy customers, while adding new ones that find new features of Oracle Cloud ERP indispensable for real-time finance. For example, it took an average of 10 business days for Oracle to close its books for the past three quarters after implementing Oracle Cloud ERP for its own use, making Oracle the fastest company in the S&P 500 to do so. Companies of the same size require twice as long to close their books. Among Oracle Cloud ERP’s 1,700 new features are touchless operations, digital assistant to help customers modernize and speed up their financial systems further.
2Intuit Subscribe Subscribe31.2% SubscribeOur Buyer Insight Master Database shows Intuit QuickBooks securing 21 million customers including both Cloud and onpremise accounts out of a total 57 million accounts worldwide in FY20. QuickBooks Online customers total more than 5.1 million worldwide and its revenues have risen 38% aided by accelerated sales of QBO Advanced. Cloud services like payments have also contributed to the top line, despite attrition among QuickBooks Self-Employed customers.
3athenahealth Subscribe Subscribe4.5% SubscribeAthenahealth is used by over 160,000 medical providers and 106 million patients, including over 50,000 physicians working for hospitals, health systems, and emerging care delivery units of University Hospitals, Baptist Health System, Wright State Physicians, Valley Medical Group, Carolina, Health Specialists, Hudson Headwaters Health Network and others.
4RealPage Subscribe Subscribe18.0% SubscribeIn 2020 RealPage was taken private by Thoma Bravo in a $10-billion deal. RealPage currently serves more than 29,800 clients worldwide. Among its customers are Ambling Companies, Brookdale, Pacific West Management, Columbia Property Management, Patrician Military Housing, Yarco, Nolan, WestCorp and others.
5SAP Subscribe Subscribe18.5% SubscribeSAP’s flagship enterprise resource planning (ERP) system S/4HANA now has over 16,000 customers including 3,300 running S/4HANA Cloud, which has a run-rate of €800 million. About 2,000 S/4HANA Cloud customers are already live. The launch of Rise With SAP program in 2020 with best practices and rapid methodologies is expected to boost adoptions and go-lives of S/4 HANA Cloud in 2021.
6Infor Subscribe Subscribe14.6% SubscribeNow a subsidiary of Koch Industries, the largest privately-held US company, Infor is gearing up for another round of Cloud expansion with more than a quarter of its revenues from SaaS subscriptions and 14,000 customers running its Cloud applications and approx. 2,000 choosing to standardize on its Cloud ERP systems around the world.
7Blackbaud Subscribe Subscribe2.3% SubscribeBlackbaud posted 2.3% rise in subscription sales and a 9% drop in professional services in 2020 as a result of the economic downturn that hurt many of its nonprofit customers. Blackbaud has over 45,000 global customers including nonprofits, foundations, companies, education institutions, healthcare organizations and other social good entities. There are millions of users of Blackbaud’s solutions in more than 100 countries.
8Workday Subscribe Subscribe18.4% SubscribeWorkday continues to expand across different Cloud applications segments, now zeroing in on scaling out its financial management customers. As of Workday’s FY4Q21, they reported over 1,050 Workday Financial management customers.
9Visma Subscribe Subscribe31.9% SubscribeVisma’s entry-level ERP solutions including Tripletex, Netvisor, Poweroffice, e-conomic, Dinero, and eAccounting experienced strong organic growth in 2020 and ended the year with close to 450 000 customer contracts. The number of customers on Visma.net Financials, the international cloud-based ERP targeting medium to large customers also experiences strong momentum. Cloud customer contracts now account for over 73% of all the contracts in the SMB Division.
10Xero Subscribe Subscribe18.6% SubscribeXero is used in over 180 countries by 2.38 million paid subscribers and integrates with 800+ add-on apps and 200+ banks and financial services providers. Following strong subscriber growth over the past 12 months, Xero emerges as the leading small-business cloud accounting software vendor in Australia, New Zealand, and the United Kingdom, based on the number of subscriptions. Xero now tracks similar growth trends in other parts of Asia and the Americas.
Subtotal Subscribe Subscribe20.6% Subscribe
Other Subscribe Subscribe3.8% Subscribe
Total Subscribe Subscribe10.5% Subscribe

Source: Apps Run The World, April 2021

Other ERP software providers included in the report are: ACI Worldwide, Active Network, Acumatica, Adobe, Allscripts, Amadeus, Aptean, ARCHIBUS, Asseco Group, athenahealth, Avalara, Blackbaud, BlackLine, Bottomline Technologies, Capita Software, CDK Global, Cegid, CGI Group Inc., Cision, CompuGroup, CoStar Group, Cox Automotive, CSG Systems International, DATEV, Ellie Mae, Ellucian, Epic Systems, Epicor, Ericsson, Exact Holding BV, Exela Technologies, FICO, FinancialForce, Finastra, GE Digital, Greenway Health, Guidewire, HealthStream, IBM, IFS, Jack Henry & Associates, JDA Software Group, Kingdee, LexisNexis, Liscor, Medidata, MYOB, NCR Corporation, NextGen Healthcare, Nuance Communications, OBIC Co. Ltd., RealPage, Reynolds and Reynolds Company, Roper Technologies, SABRE Corp, Sage, Salesforce, SAP, Sapiens, Sopra Steria Group SA, SS&C Technologies, Temenos Group AG, Tieto, TOTVS, Trimble, Tyler Technologies, UNIT4, Vertafore, Visma, Wolters Kluwer, Workday, Works Apps, Xero, Yardi, Yonyou, Zoho Corp., Zuora.

Custom data cuts related to the Cloud ERP Applications market are available:

  • Top 200 Cloud ERP Applications Vendors and Market Forecast 2020-2025
  • 2020 Cloud ERP Applications Market By Industry (21 Verticals)
  • 2020 Cloud ERP Applications Market By Functional Market (16 Markets)
  • 2020 Cloud ERP Applications Market By Country (USA + 45 countries)
  • 2020 Cloud ERP Applications Market By Region (Americas, EMEA, APAC)
  • 2020 Cloud ERP Applications Market By Revenue Type (License, Services, Hardware, Support and Maintenance, Cloud)
  • 2020 Cloud ERP Applications Applications Market By Customer Size (revenue, employee count, asset)
  • 2020 Cloud ERP Applications Market By Channel (Direct vs Direct)
  • 2020 Cloud ERP Applications Market By Product

Exhibit 4 shows the enterprise applications market by functional area. The highest growth functional markets revolve around smaller segments like Analytics and BI, Collaboration, eCommerce, PPM and TRM, where first movers remain less established than those that for decades have been entrenched in functional areas like Content Management and CRM.

Exhibit 4 - Worldwide Cloud Based Enterprise Applications Market Forecast 2020-2025, By Functional Market, $M
Exhibit 4 – Worldwide Cloud Based Enterprise Applications Market Forecast 2020-2025, By Functional Market, $M

Cloud ERP Win/Loss Analysis As Part Of Enterprise Applications Buyer Insight Customer Database

On the buyer side, customers are investing in Cloud ERP 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 Cloud ERP 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 ERP customer 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.

List of Cloud ERP Customers

CustomerIndustryEmpl.RevenueCountryNew Product
AlbertsonsRetail270000$62.46BUnited StatesOracle ERP Cloud
Austin Independent School DistrictEducation12000$1.50BUnited StatesOracle ERP Cloud
Bashas’ SupermarketsRetail9000$2.50BUnited StatesOracle ERP Cloud
Bournemouth, Christchurch and PooleGovernment5000$419.0MUnited KingdomOracle ERP Cloud
City of AtlantaGovernment7921$2.62BUnited StatesOracle ERP Cloud
Exterran CorporationOil, Gas and Chemicals4500$1.12BUnited StatesOracle ERP Cloud
Global Eagle Entertainment IncMedia1129$656.0MUnited StatesOracle ERP Cloud
10X Genomics, Inc.Life Sciences700$250.0MUnited StatesOracle NetSuite OneWorld
2C2P Pte. LtdBanking and Financials400$100.0MMalaysiaOracle NetSuite OneWorld
3Pillar GlobalConsumer Packaged Goods600$110.0MUnited StatesOracle NetSuite OneWorld
8×8Professional Services1675$446.0MUnited StatesOracle NetSuite OneWorld
Acclaris CorporationProfessional Services550$110.0MUnited StatesOracle NetSuite OneWorld
Arecont VisionDistribution200$10.0MUnited StatesIntuit QuickBooks Online
Brooklyn Chamber of CommerceNon Profit60$5.0MUnited StatesIntuit QuickBooks Online
Deluxe Delivery SystemsDistribution100$10.0MUnited StatesIntuit QuickBooks Online
Hamshaw Lumber, Inc.Distribution250$30.0MUnited StatesIntuit QuickBooks Online
iAutomationDistribution160$40.0MUnited StatesIntuit QuickBooks Online
Propeller IndustriesBanking and Financial Services200$20.0MUnited StatesIntuit QuickBooks Online
Peachtree OrthopedicsHealthcare350$40.0MUnited StatesathenaOne
Ellenville Regional HospitalHealthcare225$41.0MUnited StatesathenaOne
Coastal OrthopedicsHealthcare100$20.0MUnited StatesathenaOne
LifePoint Health, Inc.Healthcare60000$8.81BUnited StatesathenaCollector
Piedmont Atlanta HospitalHealthcare22000$5.80BUnited StatesathenaCollector
Valley Health SystemHealthcare2000$200.0MUnited StatesathenaCollector
Eight 80 Newport Beach, part of UDR, IncConstruction and Real Estate100$10.0MUnited StatesRealPage OneSite
Cortland at the VillageConstruction and Real Estate1800$1.00BUnited StatesRealPage OneSite
Gateway Apartments, part of The Irvine Company.Construction and Real Estate4120$2.00BUnited StatesRealPage OneSite
Historic Oaks of Allen Parkway, a property of Allied Orion GroupConstruction and Real Estate160$18.0MUnited StatesRealPage OneSite
Legacy Village, part of UDRConstruction and Real Estate1330$1.15BUnited StatesRealPage OneSite
Livorno Square Apartments, part of Woodmont Real Estate ServicesConstruction and Real Estate200$25.0MUnited StatesRealPage OneSite
Providence PlaceConstruction and Real Estate100$10.0MUnited StatesRealPage OneSite
Microsoft CorporationProfessional Services163000$143.02BUnited StatesSAP S/4 HANA
Across International LLCManufacturing100$10.0MUnited StatesSAP Business One
AdstreamProfessional Services650$80.0MUnited KingdomSAP Business One
ait-deutschland GmbHManufacturing500$170.0MGermanySAP Business One
Arriva TrainCareTransportation250$65.0MUnited KingdomSAP Business One
BARTEC Top Holding GmbHManufacturing1800$450.0MGermanySAP Business One
Biocodex USALife Sciences250$30.0MUnited StatesSAP Business One
Blick Rothenberg LtdBanking and Financial Services600$90.0MUnited KingdomSAP Business One
CAMELOT MCProfessional Services320$55.0MGermanySAP Business ByDesign
1. FC NürnbergLeisure and Hospitality100$10.0MGermanySAP Business ByDesign
De La RueProfessional Services2364$600.0MUnited KingdomSAP Business ByDesign
OROLIACommunications400$80.0MFranceSAP Business ByDesign
SkullcandyRetail500$300.0MUnited StatesSAP Business ByDesign
Automotive Components Floby ABAutomotive600$300.0MSwedenInfor CloudSuite Automotive
T I AutomotiveLeisure and Hospitality23000$3.00BUnited KingdomInfor CloudSuite Automotive
Topre CorporationProfessional Services3856$1.78BJapanInfor CloudSuite Automotive
Vari-Form CorporationAutomotive400$100.0MCanadaInfor CloudSuite Automotive
Scott County, MinnesotaGovernment500$431.0MUnited StatesInfor CloudSuite Corporate
Cellnet Group LimitedDistribution100$75.0MAustraliaInfor CloudSuite Distribution Enterprise
Mattex GroupManufacturing800$120.0MUnited Arab EmiratesInfor CloudSuite Fashion
Wayne FarmsManufacturing9800$2.10BUnited StatesInfor CloudSuite Food and Beverage
CHRISTUS HealthNon Profit30000$4.30BUnited StatesInfor CloudSuite Healthcare
Virgin HotelsLeisure and Hospitality300$30.0MUnited StatesInfor CloudSuite Hospitality
Harsco Rail CoConstruction and Real Estate600$100.0MUnited StatesInfor CloudSuite Industrial (Enterprise Edition)
ABECManufacturing375$50.0MUnited StatesInfor CloudSuite Industrial (Syteline)
EDAC TechnologiesManufacturing630$150.0MUnited StatesInfor CloudSuite Industrial (Syteline)
JBT CorporationManufacturing6200$1.95BUnited StatesInfor CloudSuite Industrial (Syteline)
The Community Health Center of LubbockHealthcare140$15.0MUnited StatesBlackbaud Financial Edge NXT
The Vista SchoolEducation110$10.0MUnited StatesBlackbaud Financial Edge NXT
Girl Scouts of ConnecticutProfessional Services130$13.0MUnited StatesBlackbaud Financial Edge NXT
Acero SchoolsEducation500$96.0MUnited StatesBlackbaud Financial Edge NXT
Carnegie Museums of PittsburghNon Profit1000$85.0MUnited StatesBlackbaud Raiser Edge NXT
Fellowship of Catholic University StudentsHealthcare500$45.0MUnited StatesBlackbaud Raiser Edge NXT
Royal Hospital for Neuro-disabilityHealthcare700$70.0MUnited KingdomBlackbaud Raiser Edge NXT
2UEducation5519$574.0MUnited StatesWorkday Financial Management
Accuray IncorporatedManufacturing944$38.3MUnited StatesWorkday Financial Management
AcxiomProfessional Services3380$917.0MUnited StatesWorkday Financial Management
Airbnb SingaporeProfessional Services5465$4.81BUnited StatesWorkday Financial Management
Babson CollegeEducation306$40.0MUnited StatesWorkday Financial Management
Broadridge Financial Solutions, Inc.Manufacturing11000$4.36BUnited StatesWorkday Financial Management
Bruce Power L.P.Utilities4200$2.50BCanadaWorkday Financial Management
Caliber CollisionAutomotive13000$3.50BUnited StatesWorkday Financial Management
EnovaBanking and Financial Services1300$330.0MUnited StatesWorkday Financial Management
Evonik IndustriesOil, Gas and Chemicals32000$14.26BGermanyWorkday Financial Management
Florida Atlantic UniversityEducation3000$300.0MUnited StatesWorkday Financial Management
dormakaba AustraliaManufacturing1000$200.0MUnited StatesVisma Mamut One
JN Data A/SBanking and Financial Services563$93.3MDenmarkVisma Mamut One
WallenstamConstruction and Real Estate203$310.0MSwedenVisma Mamut One
90 SecondsProfessional Services200$23.0MSingaporeXero
99 Pte LtdConstruction and Real Estate100$10.0MSingaporeXero
Barramundi Asia Pte LtdRetail90$10.0MSingaporeXero
ChopeProfessional Services200$15.0MSingaporeXero

Source: Apps Run The World, April 2021

Further Readings

An expanded version of this report covers the top 500+ ERP Financial Management Software Vendors and ERP Services and Operations Management 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 2019xer 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.

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