NetSuite rated #1 fastest growing
A Gartner report ‘Market Share: All Software Markets, Worldwide, 2013, published on March 28, 2014 rated NetSuite the fastest growing financial management system (FMS) within the top 10 by market share and the only pure cloud software provider among the top 20 FMS vendors on a global basis.
According to Gartner research, NetSuite demonstrated significant market share gains on many metrics for Financial Management Systems. They include:
On a global basis — NetSuite's market share growth rate of 41.6 percent was nearly four times the rates of its closest competitor within the top 10 by market share.
In the mature APAC region, defined as Australia, New Zealand, Japan and Singapore, NetSuite was named the fastest-growing FMS vendor within the top 10 and the only pure cloud-based FMS in the top 20
NetSuite was the fastest growing and only pure cloud FMS vendor in the top 20 in EMEA
In North America, NetSuite was the fastest growing FMS vendor, the seventh ranked FMS vendor and the only pure cloud vendor in the top 10
Why this growth?
Clearly high growth areas of the ERP market are driven by companies impatient for results and systems that can deliver them.
The customers driving growth see cloud-based systems as more agile and responsive to their changing business model needs. Cloud-based systems enable companies to achieve the entirely new level of performance required to survive and grow in today’s competitive world.
Forbes.com reported on the Gartner research. It identified cloud-based, rapid development and delivery, the ability to scale quickly to changing business models, elastic pricing and resource allocation models as key attributes responsible for growth. It also said there is a need for cloud-based ERP to deliver value to keep subscription revenue streams growing.
The same article identifies that nearly every enterprise software company selling traditional on-premise software relies on revenue from maintenance to survive. It also characterises them as complacent and with a tendency to procrastinate about innovation.
NetSuite: One Integrated Application to Manage Your Entire Business
As the world's #1 cloud business software provider, NetSuite helps thousands of organisations streamline and run their entire business in the cloud. Shop anywhere, pay anywhere and receive merchandise anywhere—that's the omnichannel shopping experience customers are demanding. NetSuite empowers organisations to deliver on those expectations with an end-to end solution that brings together POS, ecommerce, CRM and marketing, inventory and order management, business intelligence and financials on a single platform.
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