Fastest growing financial management system?

Business

Data released by Gartner, a US-based information technology research and advisory company, shows cloud-based software provider Netsuite was the fastest growing financial management system (FMS) vendor on a global basis in 2013.

02 May 2014 • By Staff Reporter • 4 minutes read

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According to Gartner’s report, Market Share: All Software Markets, Worldwide, 2013, NetSuite was the fastest growing FMS within the top 10 by market share and the only pure cloud-based software provider among the top 20 FMS vendors on a global basis.

The report showed NetSuite made significant market share gains in many metrics, including in the APAC region, defined as Australia, New Zealand, Japan and Singapore.

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“We believe this research is clear and concrete evidence of NetSuite’s accelerating global growth and the worldwide demand for cloud ERP," said NetSuite CEO Zach Nelson.

“Our continued momentum in North America, EMEA and APAC is helping to demonstrate the transformative power of the cloud for businesses everywhere," he added.

Gartner is expecting growth of seven percent overall for the financial management systems market in 2014 globally, including on-premise and cloud-based solutions.

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