Gartner Research Report on ERP market share

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From my linkedin Article :: Posted on 20/10/2023

According to Gartner’s 2022 Magic Quadrant for Cloud ERP for Product-Centric Enterprises, the top 5 ERP vendors by market share are:
1. SAP (30.1%)
2. Oracle (19.8%)
3. Workday (19.1%)
4. Microsoft (11.2%)
5. Infor (5.0%)

SAP remains the market leader in ERP, with a significant market share advantage over its competitors. However, Oracle and Workday are gaining ground, and Microsoft is also a major player in the market. Infor is a smaller vendor, but it is a leader in the ERP market for certain industries, such as manufacturing and distribution.

Gartner’s Magic Quadrant is a research report that evaluates software vendors and products based on their completeness of vision and ability to execute.

It is important to note that the ERP market is constantly evolving, and new vendors are emerging all the time. As a result, market shares can change rapidly. However, the top 5 vendors listed above are well-established and have a strong track record of success.

*How the ERP market share is changing

The ERP market is shifting towards cloud-based solutions, as businesses increasingly seek to reduce IT costs and improve agility. Gartner predicts that by 2024, 60% of businesses will have implemented cloud ERP.

This shift is being driven by a number of factors, including:

* The increasing affordability and reliability of cloud computing
* The ease of deployment and use of cloud ERP solutions
* The benefits of cloud ERP, such as scalability, flexibility, and security

As the ERP market continues to shift towards clouds, it is likely that the market share of the top vendors will change. Vendors that are able to successfully transition to the cloud are likely to gain market share, while vendors that are slow to adapt may lose market share.

Overall, the ERP market is a large and growing market. There are a number of vendors to choose from, each with its own strengths and weaknesses. Businesses should carefully evaluate their needs before choosing an ERP solution.

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