Worldwide Financial Applications Market Shares, 2022: Role of CFO Continues to Expand

This IDC study examines the market for financial applications, which is expected to see solid growth driven, in part, by the sharper focus on financial applications that was a prominent side effect from the COVID-19 pandemic for many businesses. In many ways, the crisis has accelerated the adoption of cloud financial applications relative to on-premises and private cloud deployments."CFOs must be able to effectively communicate not only a business's financial position but also its mission, purpose, and social standing. Vendors choosing to sell tools/platforms into this space must work to support this evolving role," says Kevin Permenter, research director, Financial Applications at IDC.