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Market Research Report
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1020586

Worldwide Financial Applications Forecast, 2022-2026: CFOs Moving Beyond the Numbers

Published: | IDC | 17 Pages | Delivery time: 1-2 business days

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Worldwide Financial Applications Forecast, 2022-2026: CFOs Moving Beyond the Numbers
Published: June 28, 2022
IDC
Content info: 17 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents

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.

Product Code: US49194023

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

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