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Mar 14 2007

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SaaS boom to continue

 

“According to Gartner, the market for SaaS applications grew by 26 percent last year, from $5 billion in 2005 to $6.3 billion in 2006. The consulting firm expects demand for SaaS to continue growing at a 25 percent compound annual rate over the next five years, to $19.3 billion by 2011. Most of those dollars are going to new entrants rather than established software vendors like Oracle, SAP and Microsoft.”

Read the full ASPnews article: Vendors Missing the SaaS Wave.

A similar positive view comes from research by Saugatuck Technology, reported by Phil Wainewright: SaaS hits the hockey stick reports “a huge jump from 18% last year to 49% this year of companies planning to use SaaS for mission-critical applications.”

Permanent link to this article: http://extranetevolution.com/2007/03/saas_boom_to_co/

1 ping

  1. SaaS: the business solution | Extranet Evolution

    […] Springboard research, for example, reflects advice and global trends reported by Mckinsey, Gartner and Saugatuck (among others), indicating greater awareness of SaaS and forecasting dramatic growth […]

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