Dynamics 365 Business Central (BC) Growth is Insane(r)- Who is using Dynamics Business Central? A lot of people!
The latest announcement coming out of the Dynamics Business Central (BC) Microsoft virtual event last month was the extremely rapid growth of the software. There are now over 10,000 customers using D365 Business Central cloud-based ERP software with a strong 125k on-premise base. That’s a 250% growth rate! The momentum for this product is amazing! It is no surprise with the amazing ease of use features, monthly subscription fees (not annual), fast implementation, and full integration with Microsoft Office 365 functionality.
To imagine what the software will be 5-10 years from now, let's assume we keep on the same trajectory for a 250% year-over-year growth. What does that look like in terms of numbers of users using BC Cloud? If you look at the graph below, at this current rate, BC will exceed 25,000 customers next year and be well over 100,000 customers by 2023. I believe based on what I am seeing and hearing from the market that this growth rate will continue for at least the next five years.
How does this compare to the current competition?
- Oracle NetSuite: Estimated around 18,000 customers per Oracle
- Sage Intacct: Estimated around 5,000 customers per Sage.
- Acumatica: Estimated at 4,000 per Acumatica.
Microsoft is crushing it. There is truly no limit as we see an increase movement from these platforms above to BC, from SAP to BC, from GP, NAV and SL to BC as well as Quickbooks, Epicor and Peachtree users also making the migration?