Enterprise SaaS Surges in 2010: Gartner

Businesses are poised to spend more than $8.5 billion this year on cloud and hosted solutions.

July 23, 2010
By D.H. Kass: More stories by this author:

With everyone from Salesforce to even Microsoft pushing cloud-based services and software, it should come as little surprise that the market for software-as-a-service options is booming.

That's the latest finding from researcher Gartner, which sees a 14-percent jump in enterprise IT spending on SaaS this year, compared to a year ago. And a large part of that is due to businesses increasing transition of their software and infrastructure to the cloud. In particular, Gartner sees project and portfolio management; content, communications and collaboration; and customer relationship management (CRM) software leading the list of enterprise software making the jump to the cloud. IT Channel Planet takes a look.
Global sales of software-as-a-service (SaaS) in the enterprise application segment will jump more than 14 percent to $8.5 billion this year when compared with the $7.5 billion generated in 2009, a spike attributed largely to the business community's growing endorsement of cloud computing, according to data compiled by researcher Gartner Inc.

The researcher said that it expects worldwide SaaS sales in markets such as project and portfolio management (PPM), content, communications and collaboration (CCC), and customer relationship management (CRM) will grow steadily—albeit at varied rates--based on increasing customer demand and the suitability of certain applications.

Read the whole story here.

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