By Freya Purnell
SAP AG has been named a market share leader in IDC’s Worldwide Financial Performance, Strategy Management and GRC Applications 2011 Vendor Shares report.
SAP leads the financial performance, strategy management (FPSM) and governance, risk and compliance (GRC) applications market with combined 2011 revenues of US$778.4 million, and is ranked the joint leader with 26.1 per cent market share. Together SAP, IBM and Oracle accounted for 62.5 per cent of the market total.
The FPSM applications market was $3 billion in 2011, representing growth of 16.3 per cent. With almost 50 per cent greater growth than the overall market, SAP’s market share increased the most out of the top three vendors surveyed from 2010 to 2011.
In the report, IDC said that SAP’s marketing, expansion in product functionality and the extension of FPSM into cross-functional GRC to be key drivers of its growth. IDC also said SAP innovations in enterprise mobility and in-memory technology have been extended to the FPSM market, with the SAP HANA platform positioned as a key growth accelerator.
IDC expects to see a contested and competitive market in 2012 as Oracle and SAP strive for leadership within the FPSM applications market. While Oracle has historically been stronger in the consolidation and close segment, SAP has performed well in risk management, budgeting and profitability management. In 2012, IDC expects SAP and Oracle to focus on bolstering capabilities to offer high-performance applications.
The report follows SAP’s announcement that Sybase has received the Open Compliance and Ethics Group (OCEG) 2012 GRC Achievement Award and Principled Performance Prize for implementing SAP governance, risk and compliance (GRC) solutions. OCEG recognised the company’s multi-year undertaking to make risk management, regulatory compliance and safe, productive operations more efficient by with these solutions.
