Business applications reported growth of the order of 4.1 % for 2020, achieving about 205,000 million euros globally. The information was provided in the report of the International Data Corporation Consultant (IDC).
The document also highlights the benefits that the business applications sector obtained due to the Covid-19 pandemic, since they were forced to develop and increase all their digital capabilities in order to be “resilient” and respond to their clients needs amidst the adversities of the environment.
According to IDC: “Modular and intelligent applications are helping companies to take advantage of data and obtain information to better maneuver so that they can remain resilient and capitalize on changes in these conditions.”
Various companies are entering the business applications market. However, the study shows that the five most important, together, concentrated 22.8 % of the world market in 2020.
The German company SAP ranked first, achieving 7.5 % of the market and revenues in the order of 15.37 billion euros. In the second place is Salesforce, with 4.7 % of the segment and revenues of 11.120 million. The third place is held by Oracle, which has a 3 % market share with 6.1 billion revenue.
The fourth and fifth places are occupied by the US companies Intuit and Microsoft. Intuit, like Ocracle, has a 3 % market with 6,100 million revenues, while the giant Microsoft only has 2.2 % of the market and about 4,500 million.
The future of apps
The consulting company IDC considers that the business applications market will continue to grow in the coming years with an average of 6.7 % approximately, achieving revenue “close to 284,000 million in 2025”. Imagine that the growth will be gradual and will depend on the specific evaluations that organizations make to “their current portfolios and many of them choose to customize these applications”.
Likewise, the consultancy IDC estimates that the “demand for cloud-based business applications will reach a compound annual growth rate of 13.6 % in the next five years, above the general market.”
M. Rodríguez
Source: lainformacion.com
