Oracle’s ERP cloud has been recognized as the industry leader in the Gartner Magic Quadrant report on Cloud ERP for Product-Centric Midsize enterprises. For the report, Gartner evaluated vendors on the capabilities of their cloud ERP suites, as well as their ability to market and sell those solutions to, and implement and support them for, product-centric organizations. Oracle was chosen as the leader amongst 14 different competitors because it has been found to have robust functional capabilities, strong cloud platform and technology, high customer satisfaction scores, and established partner ecosystem for deploying and supporting these applications.
What’s working well
What is really working well for Oracle is that it has a consistent architecture for all segments of its cloud applications, enabling seamless integration of HCM, finance, and operational ERP capabilities. On the other hand, Oracle’s transformation from an on-premise vendor to cloud service provider is ongoing due to which there have been issues reported with respect to performance and complexity of support services. To address these small hiccups in this industry-wide transition from on-premise to cloud, Oracle continues to invest heavily in training its partners and increase the number of trained consultants to provide seamless transition and better support services.
As a ‘Leader’ in this space, Oracle has executed its current vision and strategies very well as compared to its competitors and is in a great position for the future. Most of Oracle’s competitors currently fall in the ‘Visionary’ quadrant. They understand where the market is heading or have a vision for changing market rules, but they do not execute well. Additionally, this market space is currently immature and vendor positions are predicted to shift year by year as cloud ERP solutions become better, innovation and execution progress, and as the market expands to include more and larger business enterprises.
Gartner’s evaluation criteria for analysis of the vendors falls under the following two broad categories:
- Ability to execute – Companies have been assessed on products, technologies, services and operations that enable them to be competitive, efficient, and effective in the marketplace, and that positively impact their revenue, client satisfaction, client retention, and general market reputation.
- Completeness of Vision – Companies have been assessed on their ability to articulate their perspectives on the market’s current and future direction, to anticipate customers’ needs and cloud technology trends, and to address competitive forces. Companies have also been evaluated basis their understanding and articulation of how market forces can be exploited to create new opportunities for themselves and their clients.
Inspirage’s Oracle Cloud Excellence Implementer (CEI) for Oracle Cloud ERP
Inspirage has achieved Oracle Cloud Excellence Implementer (CEI) for Oracle Cloud ERP and SCM applications implementations in North America, Asia Pacific, Europe, Middle East and Africa. The Oracle CEI program recognizes consulting partners that have achieved excellence in the deployment of Oracle Cloud solutions through consulting certifications and proven client success supporting specific regions. Inspirage has delivered customer success with streamlined processes, increased productivity, and improved business decisions and has helped its customers achieve numerous results across various industries and regions during their cloud journey.
Gartner’s view and predictions for this market:
As per Gartner, ERP is the single largest category of enterprise software spending, at $37.3 billion in 2018. Gartner forecasts that this figure will grow at an annual rate of 6.8% through 2022. Gartner predicts that by 2020, nearly 60% of large enterprises with systems up for replacement will switch from on-premise licenses to cloud licenses. It also predicts that by 2025, demand for operational ERP deployments delivered as cloud services will account for more than 65% of total market spending.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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