Worldwide Financial Applications Forecast, 2022–2026: CFOs Moving Beyond the Numbers
This IDC study discusses the worldwide market for financial applications. The worldwide financial applications market increased in 2021 to reach $37.5 billion, with revenue increasing by 11% over 2020's $33.8 billion. The market for financial applications is being driven by the movement to the cloud for more efficient and effective financial management across the enterprise."The role of the CFO continues to change to include more challenges beyond accounting and finance. Environmental, social, and governance (ESG); hybrid working; and talent retention are all moving rapidly into focus for today's CFO. Going forward, software vendors looking to gain market share must enhance/highlight the elements within their solution that support CFOs as their challenges evolve beyond finance and accounting," says Kevin Permenter, research director, Financial Applications at IDC.
Please Note: Extended description available upon request.
- IDC Market Forecast Figure
- Executive Summary
- Advice for Technology Suppliers
- Market Forecast
- Market Context
- Drivers and Inhibitors
- Drivers
- Digital Transformation
- Convergence
- Automation
- Inhibitors
- Supply Chain
- COVID-19 Pandemic
- Significant Market Developments
- Scenarios/Use Cases
- Procure-to-Pay Workflow
- Quote-to-Cash Workflow
- Record-to-Report Workflow
- Changes from Prior Forecast
- Market Definition
- Financial Applications
- Financial and Accounting
- Accounts Payable
- Accounts Receivable
- Treasury and Risk Management
- Travel and Expense Management
- Corporate Tax Management
- Methodology
- Historical and Forecast Market Values and Exchange Rates
- Related Research
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