The Cloud ERP market continues to grow and live up to its growth predictions. In tandem, we see that competition remains healthy and strong between the vendors, which is exactly as it should be to better support the market requirements. For customers, however, the different ERP cloud vendors communications, messages and claims can be challenging to decipher and relate back to their own business needs, both now and in the future.
This is where independent IT analyst firms come in to help customers filter out some of the market noise and hype. Through independent research and direct access to the vendors the analyst firms offer an invaluable service.
This brings me to two recently published reports from well-known and respected independent IT analyst firm IDC. IDC undertook two IDC MarketScape vendor analysis reports looking at the Cloud ERP markets for both the mid-market and Large Enterprises (IDC MarketScape: Worldwide SaaS and Cloud-Enabled Midmarket ERP Applications 2017 Vendor Assessment (doc #US42216017, September 2017) / IDC MarketScape: Worldwide SaaS and Cloud-Enabled Large Enterprise ERP Applications 2017 Vendor Assessment (doc #US42219217, October 2017).
To provide some details on the level of research involved by the analysts, each IDC MarketScapeis designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the icons.
From my perspective, both IDC MarketScape reports show a fair analysis of the current ERP cloud market today. Since IDC rightly take their independence very seriously, I am not allowed to share any of my own opinions which may cloud their analysis, so I will simple share a link to both reports for you to read and digest on your own.