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Software-as-a-Service

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In September last year, IDC forecasts that worldwide spending on IT cloud solutions will reach more than USD$40 billion in 2012 alone. It is expected to reach $100 b by 2016 at a CAGR of 24.6%, five times more than the IT industry average. IDC also forecasts that the largest share of public IT cloud services spending will be on SaaS over the next five years. (Source: http://www.idc.com/getdoc.jsp?containerId=prUS23684912)

A similar study by Gartner also shows similar traits where it found that 71% of companies has started using some form of SaaS over the past three years. Moreover, 77% of these companies is likely to increase its spending on the same. Going forward, Gartner estimated the SaaS market to grow to USD$21 billion by 2015. (Source: http://www.gartner.com/newsroom/id/2253215)

Further, a total of 22% of all manufacturing and distribution software was SaaS-based. This number is expected to grow to 45% within the next 10 years given what companies say they would be willing to consider. In contrast, traditional on-premise deployments are far less utilized than they were in the past; a few years ago the percentage of use was in the 90s, while today it stands at just 50%. (Source: http://www.business2community.com/cloud-computing/why-the-manufacturing-industry-is-shifting-to-saas-cloud-hosting-0546338#8LjFHAv1IZSee5RE.99)

We would like to share with you an interesting infographic on SaaS from Profitbricks (http://www.profitbricks.com/de/en/the-iaas-company ) Profitbricks is a cloud computing company that provides infrastructure as a service (IaaS) for companies and IT professionals. Happy reading!

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