Tuesday, July 28, 2020
IFS named a leader in 2020 IDC MarketScape for SaaS and Cloud-Enabled Large Enterprise ERP Applications
Industry analyst validation reveals more reasons why IFS’s business continues to thrive
London, July 28, 2020 – IFS, the global enterprise applications company, has been positioned as a Leader in the IDC MarketScape: SaaS and Cloud-Enabled Large Enterprise ERP Applications*.
IFS has seen sustained growth of its overall business, with H1 2020 software revenues increasing by 26% compared to H1 2019. In addition, the company has seen its cloud revenue grow by a remarkable 56% in the first half of the year compared to the same time period in 2019, further validating its cloud first strategy.
Based on a comprehensive evaluation of IFS’s products and strategies, the IDC MarketScape placed the company in the Leaders Category worldwide, citing the following highlights:
- Customer intimacy: IFS recognizes that deep industry knowledge is key to its customers' success because manufacturing experts have for decades worked closely with customers to perfect their solution, resulting in some customers achieving twice the ROI improvement.
- Flexible product: IFS has multimode manufacturing capabilities, visual drag-and-drop functionality for operational planning and scheduling, integrated eco-footprint functionality, integrated service management, and complete functionality for product life-cycle management.
- Cloud first and innovation: IFS Applications’ strategy is to have a cloud-first mindset. IFS does major investments to adapt and engineer IFS Applications for the cloud. IFS Labs helps by proving out the concepts of today that customers will ask for tomorrow, to make their everyday work more productive, efficient, and inspiring.
“Today's enterprise businesses see a more complicated view of business challenges including the increasing pace of business, the expanding volume of business data, and the growing scope of global commerce”, said IDC VP Mickey North Rizza. “Cloud-deployed, ‘intelligent’ ERP applications are answering the call of this complexity as the new asset enterprises want because they enable more employee insights by automating transactions and bringing more data into the equation so organizations can make better decisions immediately.”
“Our position as a leader in the ERP market has once again been validated by independent research like this IDC MarketScape,” said Antony Bourne, Senior Vice President, Industries and Product Marketing. “IFS has worked tirelessly to make connecting to, and extending, the IFS core easy – which means it is simpler for customers to enjoy a truly open and enabled software platform. We also continue to invest in emerging technologies like robotic process automation (RPA), artificial intelligence (AI), and machine learning. For our customers, this translates into pragmatic ways for customers to interact better across their entire business, allowing them to maximize the value from their IFS solutions.”
Access the IDC MarketScape excerpt here: https://info.ifs.com/IDC-2020-ERP-MScape.html
Learn more about how IFS ERP solutions deliver results: https://www.ifs.com/corp/solutions/enterprise-resource-planning/
*IDC MarketScape: Worldwide SaaS and Cloud-Enabled Large Enterprise ERP Applications 2020 Vendor Assessment, Mickey North Rizza, Kevin Permenter, Frank Della Rosa, July 2020, IDC #US45971820.
About IDC MarketScape
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the circles.
IFS develops and delivers enterprise software for customers around the world who manufacture and distribute goods, build and maintain assets, and manage service-focused operations. The industry expertise of our people and solutions, together with a commitment to delivering value to every one of our customers, has made IFS a recognized leader and the most recommended supplier in our sector. Our team of 4,000 employees and growing ecosystem of partners support more than 10,000 customers around the world challenge the status quo and realize their competitive advantage. Learn more about how our enterprise software solutions can help your business today at ifs.com.
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