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What a difference a year makes in the current turbulent environment. The previous Enterprise Software ranking report depicted a sector displaying resilience and recovery in the face of the pandemic. The latest report reveals cautious yet confident suppliers generally thriving on organisations’ digital determination to build resilience to deal with recurrent shockwaves.
Download the latest edition of the Enterprise Software Supplier Ranking report to see what has changed and who has thrived - or not.
The Top 20 suppliers of Enterprise Software to the UK market saw an impressive 10.4% aggregate growth during 2021, double that of the prior year. Over half achieved double digit growth with a handful topping 20%. These growth rates are particularly startling given the low single-digit levels we have become used to. They reflect serial and overlapping disruptions - Brexit, pandemic, broken supply chains, war in Ukraine, energy supply concerns and rising costs, and inflation. The number and range of disruptions starkly illustrate how deep we are into unchartered territory with little visibility into future pathways and timelines. Execs tasked with navigating their organisations through these difficulties are investing in enterprise software as a way to build organisational ‘intelligence’ and be more responsive to change. There is a pressing need to build resilience and with software as an enabler, suppliers are feeling the benefit.
In addition to the ranking data, the report examines the many and diverse market accelerants and suppressants facing buyer and suppliers and the likely impact on software sector performance over the next three years. From motivation and organisational energy levels to the importance of taking care of your people, suppliers and buyers have both multiple levers that can be adjusted and challenges to overcome.
Eligible TechMarketView clients can download the report here. For information about how to access this report and find out about our other content and services please drop Deb Seth an email.
Posted by Angela Eager at '18:22' - Tagged: software rankings