Goldman Sachs on SaaS: “One of the most important trends in software”
Ugur Akinci, PhD
November 13, 2007
Goldman Sachs has described Software as a Service (SaaS) model as ” one of the most important trends in software at present, and will become pervasive over the next several years,” as reported by Barron’s.
Totally upbeat about the future of SaaS, Goldman Sachs continued: “We expect SaaS to expand the total addressable market for enterprise application software, with growth in SaaS outpacing growth of the overall software market for the next three to five years. “
All other data point in the same direction.
A Gartner Group report published earlier in March said the same thing in a different way:
SaaS sales soared to $6.3 billion in 2006 and now predicts the market will eclipse the $19 billion threshold by the end of 2011. IDC has similar expectations, pegging annual compound growth of roughly 32 percent for the next four years and total SaaS market of roughly $15 billion by 2011.”
Visit Web2Expense for an online cutting-edge example of Travel and Expense reporting system developed purely with SaaS model.
Totally upbeat about the future of SaaS, Goldman Sachs continued: “We expect SaaS to expand the total addressable market for enterprise application software, with growth in SaaS outpacing growth of the overall software market for the next three to five years. “
All other data point in the same direction.
A Gartner Group report published earlier in March said the same thing in a different way:
SaaS sales soared to $6.3 billion in 2006 and now predicts the market will eclipse the $19 billion threshold by the end of 2011. IDC has similar expectations, pegging annual compound growth of roughly 32 percent for the next four years and total SaaS market of roughly $15 billion by 2011.”
Visit Web2Expense for an online cutting-edge example of Travel and Expense reporting system developed purely with SaaS model.