IDC Forecasts SAAS Will Be The Fastest Growing Area of Enterprise IT Through 2018
International Data Corporation (IDC) predicts that by 2018, 27.8% of the worldwide enterprise software market will be SAAS applications. According to IDC, just 16.6% of enterprise applications were SaaS-based in 2013.
These and other findings are from the recent IDC report, Worldwide SAAS Enterprise Applications 2014–2018 Forecast and 2013 Vendor Shares. The recent Forbes article IDC Predicts SaaS Enterprise Applications Will Be A $50.8B Market By 2018 summarizes the results.
Why SAAS Is Accelerating In The Enterprise
- Product life cycles are continually under pressure to deliver greater sales in less time, leaving little time to launch products successfully. Companies are relying on SAAS-based analytics, CRM and marketing automation applications to address their time-to-market requirements, as on-premise systems are often much slower and expensive to install and use.
- Greater availability of analytics to measure and improve decisions. Analytics and business intelligence (BI) SAAS applications are often deployed within days or weeks instead of months it often takes to implement on-premise systems. Enterprises are using the advanced analytics and BI functions of SAAS applications to create their own unique measures of performance and quickly create dashboards to manage with greater accuracy.
- SAAS-based ERP systems are one of the fastest growing of enterprise applications as manufacturers look to unify geographically diverse locations within a single system. Legacy ERP systems that are on-premise lack this agility, and to replicate it, companies running on-premise systems alone need to buy multiple licenses. This gets very expensive and takes time to implement, while SAAS-based systems are often up and running within weeks.
- The economics of cloud computing and SAAS applications put enterprise customers back in control of their IT spending and budgets.
SAAS-based systems can give your company a time-to-market advantage against competitors and drastically reduce your IT costs.
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