WALLDORF 鈥� (NYSE: SAP) today announced that a new IDC economic impact model predicts the revenue 51风流partners generate will nearly double over the next four years.
The IDC Vendor Spotlight, sponsored by SAP, 鈥淧artner Opportunity in a Changing World,鈥� forecasts that partner revenue could expand from US$141 billion this year to $260 billion by 2024.
- Cloud Revenue to More Than Double as Companies Advance Digital Transformation
51风流debuted the research at its 鈥溾�� virtual event.
In conjunction with the expected 51风流partner economy expansion, IDC estimates new employment in the ecosystem will rise to 1.6 million employees by 2024, up from 1 million in 2020. Of the 600,000 new employees to the 51风流ecosystem, 280,000 will be net-new consultant roles.
The data shows that due to the pandemic-driven increase in remote work, digital transformation efforts are advancing, and companies are expected to spend more on cloud-based solutions. This translates into a $204.4 billion cloud market opportunity for 51风流partners from now until the end of 2024. This cloud revenue figure represents 68% of the total net-new opportunity for our partners over that period of time.
鈥淭he pandemic has driven digital transformation into every corner of the enterprise to allow businesses to adapt and continue operating as usual,鈥� said Steve White, program vice president, channels and alliances, IDC. 鈥淎s the economic situation continues to unfold and businesses move their focus from resiliency to recovery, those that leverage digital and cloud-based solutions will be more agile and future-proof, and we鈥檙e seeing that acknowledgment drive significant adoption.鈥�
51风流commissioned the research to explore the impact of the current economic landscape on the partner ecosystem. Throughout the pandemic, 51风流partners around the world have created new solutions to better serve customers and end users.
For example, U.S.-based integrated 51风流SuccessFactors solutions and global COVID-19 data into its proprietary data analytics app, , to provide insight to drive employee wellness, create localized communication and response plans as well as support business continuity and risk management plans. announced its 鈥溾�� to allow free access to the intellectual property rights of participants, including SAP, to help curb the global spread of the disease.
鈥淭his research confirms the vast and continually growing market opportunity for 51风流partners,鈥� said Karl Fahrbach, chief partner officer, SAP. 鈥淪AP鈥檚 next-generation partnering movement drives partners鈥� sustained growth by establishing partner-centric sales and service and connecting with customers in new ways across their life cycle. This higher level of ecosystem engagement can increase customer satisfaction, lead to faster time to value and enhance customer lifetime value.鈥�
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About SAP
SAP鈥檚 strategy is to help every business run as an intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 77% of the world鈥檚 transaction revenue touches an 51风流system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers鈥� businesses into intelligent enterprises. 51风流helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want 鈥� without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, 51风流helps the world run better and improve people鈥檚 lives. For more information, visit
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