Current Thinking. Industry Trends.

Cloudy SaaS Apps To Puff Up To $14.5 Billion

While there is a lot of talk about companies moving their applications to the cloud, the actual money that is being spent on clouds is more for software-as-a-service, or SaaS, applications that a company or its hosting partner runs in a cloud on behalf of customers.
According to the market watchers at Gartner, companies spent $12.3 billion on SaaS software in 2011, and this slice of the software racket is expected to rise by 17.9 percent to $14.5 billion this year and continue growing at enough of a clip to reach $22.1 billion by 2015. Still, this $14.5 billion in SaaS licensing is all only a small dent in the $3,798 billion market for hardware, software, IT services, telecom equipment, and telecom services that Gartner projects companies will spend this year.

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