WALLDORF — SAP SE (NYSE: SAP) today announced that the company has maintained its position as global market share leader, with 26.7 percent market ownership, nearly twice that of its closest competitor, based on 2017 worldwide market share revenue according to Gartner’s “Market Share Analysis: Supply Chain Management and Procurement Software, Worldwide, 2017.”
SAP believes the success and rapid growth of the SAP Integrated Business Planning solution contributed to the company’s consistent market leadership and an 11.2 percent yearly revenue increase.
Gartner’s market analysis notes that “the $12.2 billion supply chain management (SCM) applications market grew at a healthy annual rate of 13.9% during 2017.” The market analysis also notes that “SCM continues to exhibit strong growth as technologies align with enterprise digital business strategies to improve shareholder and customer value, by optimizing the flow of products, services and related information from source-to-customer and from customer-to-source.”
“Supply chain digitalization is becoming mission critical for businesses to remain competitive today, so it’s no surprise that technology innovation is driving market growth across the board,” said Hala Zeine, president of Digital Supply Chain and Manufacturing, SAP. “Gartner confirming our position as the top supply chain management vendor validates what we’re hearing from our customers and partners — SAP enables streamlined, intelligent supply chains from source to customer.”
For a full summary of recent analyst recognition, view the series of awards in the SAP News Center. For more information, visit the SAP News Center. Follow SAP on Twitter at @sapnews.
Jim Dever, SAP, +1 (610) 661-2161, email@example.com, ET
Erin Nordloh, PAN Communications, +1 (617) 503-4300, firstname.lastname@example.org, ET
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
© 2018 SAP SE. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see http://www.sap.com/corporate-en/legal/copyright/index.epx#trademark for additional trademark information and notices.