SaaS, or Software
as a Service, describes any cloud service where consumers are able to access
software applications over the internet. The applications are hosted in “the
cloud” and can be used for a wide range of tasks for both individuals and
organisations. Salesforce, NetSuite and BravoSolutions are
the best examples of SaaS, with users able to access the services via any
internet enabled device. Enterprise users are able to use applications for a
range of needs, including accounting and invoicing, tracking sales, planning,
performance monitoring and communications.
The Software as a Service (SaaS) market is expected to grow from $390 million in 2008 to $4321 million in 2014, at a CAGR of 41.0% from 2008 to 2014. The demand for software as a service (SaaS) continues to grow rapidly among enterprises in Asia Pacific region. The key applications of SaaS model are Customer Relationship Management (CRM), Web Collaboration, ERP (Enterprise Resource Planning), Supply Chain Management (SCM), On- Demand HR Solution, to some extent Product Life-cycle Management (PLM), and Document Management (DM). Gartner has said the total market of SaaS will top $22 billion through 2015, up from more than $14 billion in 2012. Forrester predicts that software will see the strongest growth rate of any IT category in 2014 at 7.8%. The big contributors to software growth will be software as a service (SaaS), mobile app development, business intelligence, analytics and human-based collaboration software.
The coming year looks like that it will be characterized by growth for cloud
computing in general, with a specific focus on enterprises leveraging the
software-as-a-service (SaaS) model for their application assets. With SaaS,
companies will be able to save costs and gain additional operational
efficiencies with a workforce able to access corporate applications and data
from a cloud-based environment. More data centers will open up all over the
world in 2014, which will lead to wider availability of cloud-based software
for companies based in foreign locales. Application performance will improve as
SaaS vendors which gain access to more Internet peering points around the
world. Stay tune with us to analysis the future market of Cloud Computing (PaaS
and IaaS) in our next blog.
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