The SaaS Opportunity
THE SAAS (SOFTWARE AS A SERVICE ) IS A REVOLUTION IN THE IT TECHNOLOGY
In 2012, the SaaS market grew 26 percent to become an $18B market according to market research firm IDC. According to Citi's survey, SaaS has already captured 8 percent of their software wallets so far and firms expect to increase spending to 70 percent of their budget over time — a 9-fold increase.
THE SAAS (SOFTWARE AS A SERVICE ) IS A REVOLUTION IN THE IT TECHNOLOGY
Software-as-a-Service (SaaS) is Internet-based software delivery. Here the consumers can have access to software that otherwise had to be purchased. Google Apps, Microsoft 365 and Amazon web services are already providing SaaS services.
In 2012, the SaaS market grew 26 percent to become an $18B market according to market research firm IDC. According to Citi's survey, SaaS has already captured 8 percent of their software wallets so far and firms expect to increase spending to 70 percent of their budget over time — a 9-fold increase.
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