Global Software as a Service (SaaS) Market to hit $53.6 billion by 2015

The study ‘Worldwide Software as a Service 2011 - 2015 Forecast and 2010 Vendor Shares’ provides a global view of SaaS software performance, by vendor in 2010, and expected performance to 2015. The SaaS market reached $16.6 billion in revenue in 2010 and will grow to $53.6 billion by 2015 at a compound yearly growth rate of 26.4%. SaaS delivery will considerably outpace traditional software product delivery, growing nearly five times quicker than the software market as a whole and becoming the large growth driver to all functional software markets. By 2015, the SaaS model will account for nearly $1 of every $6 spent on software.

According to the report’s researchers, Figuring out how to find and benefit from the huge cloud services transition is the number 1 strategic goal of all major IT product vendors. SaaS, and wider public cloud opportunities, represents both a tremendous challenge to meet change head-on and a huge opportunity to realign with partners, create new capabilities, move into new markets, and identify new leaders.

View the report: ‘Worldwide Software as a Service 2011 - 2015 Forecast and 2010 Vendor Shares’

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