In 2021, the top 10 ERP software vendors accounted for nearly 32.9% of the global ERP applications market which grew 9.4% to approach nearly $104.1 billion in ERP license, maintenance and subscription revenues. The ERP applications market includes both ERP Financial Management & ERP Services and Operations applications.
Last year SAP led the pack with a nearly 6.5% market share riding on a 1% jump in ERP license, maintenance and subscription revenues. Intuit was #2, followed by Oracle, Microsoft and FIS Global.
Our team has analyzed all Fortune 1000 and Global 2000 companies and their IT Environments, including ERP, HCM, ATS, CRM, Procurement, Treasury and other apps being used globally, but also on a country level.
| Company | ERP | HCM | ATS |
|---|---|---|---|
| Walmart | SAP S/4 HANA | Workday HCM | Workday Recruiting |
| Exxon Mobil | SAP S/4 HANA | SAP HCM (HR) | SuccessFactors Recruiting |
| Apple | SAP S/4 HANA | SAP HCM (HR) | In-House ATS |
| Berkshire Hathaway | Oracle ERP Cloud | Oracle HCM Cloud | Oracle Taleo |
| Amazon.com | In-House ERP | Workday HCM | In-House ATS |
| UnitedHealth Group | Oracle E-Business Suite | Oracle HCM Cloud | Oracle Taleo |
| McKesson | SAP S/4 HANA | Workday HCM | Workday Recruiting |
| CVS Health | SAP S/4 HANA | Workday HCM | IBM Kenexa BrassRing |
| AT&T | SAP ERP ECC 6.0 | Workday HCM | Oracle Taleo |
| AmerisourceBergen | SAP S/4 HANA | Workday HCM | Oracle Taleo |
| Chevron | SAP S/4 HANA | Workday HCM | SuccessFactors Recruiting |
| Ford Motor | SAP S/4 HANA | Oracle HCM Cloud | IBM Kenexa BrassRing |
| General Motors | SAP S/4 HANA | Workday HCM | Oracle Taleo |
| Costco Wholesale | SAP S/4 HANA | SAP SuccessFactors HCM | Oracle Taleo |
| Alphabet | SAP S/4 HANA | Workday HCM | Google Hire |
Source: Apps Run The World, September 2022
We ask the simple question: Who’s buying 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)
Through our forecast period, the ERP applications market size is expected to reach $112.3 billion by 2026, compared with $104.1 billion in 2021 at a compound annual growth rate of 1.5%.
| Exhibit 2: Worldwide ERP Software Market 2021-2026 Forecast, $M | |||
|---|---|---|---|
| Year | 2021 | 2026 | 2021-2026 CAGR, % |
| Total | 104127 | 112285 | 1.5% |
Source: Apps Run The World, September 2022
Top 10 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 ERP FM 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 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 ERP software vendors in 2021 and their market shares.
| Rank | Vendor | 2020 ERP Apps Revenues, $M | 2021 ERP Apps Revenues, $M | YoY Growth | 2021 ERP Market Share, % | Recent Developments |
|---|---|---|---|---|---|---|
| 1 | SAP | Subscribe | Subscribe | 1.0% | Subscribe | After gaining a critical mass for its ERP upgrade strategy, SAP has turned its attention to S/4 HANA Cloud under RISE with SAP, a rapid deployment program designed to boost cloud adoptions among its customers. In 2021, the vendor made RISE with SAP a centerpiece of its Intelligent Enterprise messaging as it signed up a few hundred customers in a given quarter. |
| 2 | Intuit Inc. | Subscribe | Subscribe | 15.7% | Subscribe | QuickBooks Online accounting revenue grew 34 percent in fiscal Q4 2022, driven mainly by higher effective prices, customer growth, and mix-shift. In fiscal 2022, QuickBooks Online accounting revenue grew 33 percent. |
| 3 | Oracle | Subscribe | Subscribe | 2.8% | Subscribe | NetSuite ERP and Fusion ERP cloud revenues were up 28% and 32%, respectively, in the first quarter of fiscal 2022. Oracle now has 9,000 Oracle Fusion Cloud ERP customers globally, and 31,000 Oracle NetSuite ERP customers trust Oracle to run their mission-critical business functions. |
| 4 | Microsoft | Subscribe | Subscribe | 26.6% | Subscribe | Microsoft goes all in on healthcare with $19.7B Nuance acquisition |
| 5 | FIS Global | Subscribe | Subscribe | 9.7% | Subscribe | During the fourth quarter, FIS acquired Payrix. Payrix specializes in providing embedded payment solutions to SaaS-based platforms serving SMB e-commerce merchants. The acquisition will allow FIS to expand its e-commerce, embedded payments, and finance experiences for SMBs, accelerating the company’s fast-growing e-commerce business. |
| 6 | Constellation Software Inc. | Subscribe | Subscribe | 28.8% | Subscribe | Revenue grew 29% to $5,106 million compared to $3,969 million in 2020. In May 2022, Constellation Software’s subsidiary, N. Harris Computer Corporation completed the purchase from Allscripts Healthcare Solutions of Allscripts’ Hospitals and Large Physician Practices business segment. The Hospitals and Large Physician Practices business segment includes Sunrise, Paragon, Allscripts TouchWorks, Allscripts Opal, and dbMotion solutions. |
| 7 | IQVIA | Subscribe | Subscribe | 10.3% | Subscribe | IQVIA’s revenue of $13,874 million for the full year of 2021 grew 22.1 percent on a reported basis and 21.1 percent at constant currency, compared to 2020. |
| 8 | Cox Automotive | Subscribe | Subscribe | 2.7% | Subscribe | In July 2022, Cox Automotive acquired Trudell, expanding its offering within the medium and heavy-duty fleet parts and service, as well as adding direct parts sales and semi-trailer sales to the Cox Automotive Mobility Fleet Services portfolio. |
| 9 | Infor | Subscribe | Subscribe | 0.4% | Subscribe | In 2022 Infor continues to experience significant growth in hospitality. Infor Hospitality delivers end-to-end functionality in the cloud, serving every tier of the industry: from hotels of all sizes to casinos and specialty resorts. Infor supports more than 73,000 customers. |
| 10 | Sage | Subscribe | Subscribe | -8.6% | Subscribe | In August 2022, Sage agreed to acquire Lockstep, a provider of cloud-native technology that automates accounting workflows between companies. The acquisition is aligned with Sage’s ambition to be the trusted network for SMBs. |
| Subtotal | Subscribe | Subscribe | 9.2% | Subscribe | ||
| Other | Subscribe | Subscribe | 9.4% | Subscribe | ||
| Total | 95222 | 104127 | 9.4% | 100% |
Source: Apps Run The World, September 2022
Other ERP software providers included in the report are: ACI Worldwide, 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, Ellucian, Epic Systems, Epicor, Ericsson, Exact Holding BV, Exela Technologies, FICO, FinancialForce, Finastra, GE Digital, Greenway Health, Guidewire, HealthStream, IBM, IFS, Jack Henry & Associates, Blue Yonder, Kingdee, LexisNexis, MYOB, NCR Corporation, NextGen Healthcare, Nuance Communications, OBIC Co. Ltd., RealPage, Reynolds and Reynolds, Roper Technologies, SABRE Corp, Salesforce, Sapiens, Sopra Steria Group SA, SS&C Technologies, Temenos Group AG, TietoEVRY, TOTVS, Trimble, Tyler Technologies, UNIT4, Visma, Wolters Kluwer, Workday, Xero, Yardi, Yonyou, Zoho Corp., Zuora, and many others.
Custom data cuts related to the ERP Applications market are available:
- Top 500 ERP Applications Vendors and Market Forecast 2021-2026
- 2021 ERP Applications Market By Industry (21 Verticals)
- 2021 ERP Applications Market By ERP Segments and Categories
- 2021 ERP Applications Market By Country (USA + 45 countries)
- 2021 ERP Applications Market By Region (Americas, EMEA, APAC)
- 2021 ERP Applications Market By Revenue Type (License, Services, Hardware, Support and Maintenance, Cloud)
- 2021 ERP Applications Applications Market By Customer Size (revenue, employee count, asset)
- 2021 ERP Applications Market By Channel (Direct vs Direct)
- 2021 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 eCommerce, Enterprise Performance Management, Sales Performance Management and Treasury and Risk, where first movers remain less established than those that for decades have been entrenched in functional areas like ERP, CRM and PLM.
ERP Win/Loss Analysis As Part Of Enterprise Applications Buyer Insight Customer Database
On the buyer side, customers are investing in 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 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.
Source: Apps Run The World, September 2022
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 2015-2021 product revenues.
Their 2021 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.
