In 2024, Oracle surpassed SAP as the largest ERP provider, reporting $8.7 billion in revenue and a 6.63% market share. This shift is largely due to the growth of Oracle Fusion Cloud ERP, tailored for sectors like healthcare and banking. Strategic acquisitions, including Cerner, have expanded Oracle's offerings and market reach. Oracle's competitive journey against SAP has been ongoing since the 1980s, with significant investments in application development fueling its success, particularly after major acquisitions in the 2000s and beyond.
Oracle's ascent to the top of the ERP market in 2024 marks a significant shift, fueled by its Fusion Cloud ERP products specifically catering to various industry needs.
With revenues of $8.7 billion and a 6.63% market share, Oracle has overtaken SAP, which has dominated the ERP landscape since the 1980s.
The strategic acquisitions, like Cerner, have allowed Oracle to broaden its ERP offerings, demonstrating its commitment to innovative and relevant solutions across sectors.
Oracle's founder Larry Ellison's vision and investment in application development paved the way for Oracle's competitive edge against SAP and its longstanding dominance.
Collection
[
|
...
]