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NetSuite fastest-growing FMS vendor

MANILA, Philippines - NetSuite Inc., the industry’s leading provider of cloud-based financials / ERP and omnichannel commerce software suites, announced that it is once again the fastest growing financial management system (FMS) vendor among the top 10 vendors on a global basis for the past year, according to calculations performed by NetSuite with data from the Gartner report, “Market Share: All Software Markets, Worldwide, 2014,” published on March 31.

According to calculations based on the report’s data, NetSuite was the fastest growing FMS within the top 10, globally, both by market share and revenue growth in 2014. NetSuite is also the only pure cloud software provider among the top 20 FMS vendors on a global basis. It is the second year in a row that calculations of Gartner research have found NetSuite to be the fastest growing global top 10 FMS vendor.

NetSuite demonstrated significant market share gains on many metrics, according to Gartner’s latest market share research on Financial Management Systems in 2014. They include:

• On a global basis – NetSuite’s FMS market share growth rate of 46.6 percent was more than six times the rates of its closest competitor within the top 10 by market share.

• NetSuite’s FMS revenue growth on a global basis of 53.5 percent was more than four times the growth of its closest competitors within the top 10 by market share.

• NetSuite significantly outgrew the market for software as a whole, which Gartner estimates grew at 6 percent.

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“Once again, NetSuite has outgrown its competitors by a wide margin,” said NetSuite CEO Zach Nelson. “What’s even better is we’ve only scratched the surface of the worldwide demand for cloud-based financial management systems. Our continued momentum is helping to demonstrate the transformative power of the cloud for businesses everywhere.”




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