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  • SMART WORKPLACE

    Worldwide market for software as a service (SaaS) on the rise

    by Elizabeth Dukes on November 22, 2013
     

    Companies are looking for ways to streamline their operations and draw maximum efficiency from their offices, and increasingly, they're turning to software as a service (SaaS) as a way to make myriad processes more efficient. SaaS helps FMs and other business executives accomplish more with less, and as the world continues to recognize this, the industry rapidly grows. With this growth, the world of facilities management solutions have been turned upside down.SaaS software market on the rise worldwide

    Gartner projected in 2012 that worldwide revenues for SaaS would reach 14.5 million, and by 2015, that number would balloon to $22.1 billion, according to research director Sharon Mertz.

    "After more than a decade of use, adoption of SaaS continues to grow and evolve regionally within the enterprise application markets," Mertz said. "Increasing familiarity with the SaaS model, continued oversight on IT budgets, the growth of platform as a service (PaaS) developer communities and interest in cloud computing are now driving adoption forward."

    The growth of SaaS has had a revolutionary effect on the software industry as a whole. Whereas before, companies relied upon software packages that were rigidly segmented, managers now have applications that help them complete a wider variety of tasks. The news source said that by 2016, SaaS may represent 24 percent of worldwide software revenue, a massive growth from the industry's humble beginnings.

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    Capterra Ratings: ★★★★★ 4.5/5