Misco Cookie Policy
We use cookies to give you the best possible experience on our website. To find out more, view our cookie policy. By closing this message and continued use of our website means that you give your consent to our use of cookies.

SaaS Sees Fastest Growth In Cloud Computing

SaaS Sees Fastest Growth In Cloud Computing
Date: 17th August 2012

by Russell Dickinson

Cloud computing in the Software as a Service (SaaS) form is growing at faster rates globally than the other cloud models, according to accounting firm KPMG. The global SaaS market generated revenues of $12.3 billion in 2011, an increase from $10 billion in 2010. And it is projected to expand further this year - by some $2.2 billion, KPMG says.

In the SaaS model, also known as on-demand software, organisations can access software online, which spares them the requirement to maintain applications internally.

In its "Embracing the Cloud - KPMG's 2011 Global Cloud Survey" report, the accounting firm reveals that 46% of end-users in a poll, which included over 900 executives in 15 countries, would most likely invest in cloud-delivered SaaS. The Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) models lagged behind, being the top choice for likely investment of 35% and 34% of the respondents, respectively.

According to KPMG, the growth registered in the cloud computing market worldwide is driven by companies' need to trim costs. In the SaaS segment, in particular, belt-tightening is one of the three main drivers, alongside the ease and speed of deployment of the model and its rising adoption overall by small and medium-sized enterprises (SMEs).

Region-wise, North America accounted for the lion's share of the global SaaS market in 2011 - 63.4%, on the back of a 20% year-on-year increase in revenues to $7.8 billion, data provided by Gartner shows. Western Europe saw SaaS revenues grow 23.3% to $2.7 billion, while Asia Pacific bumped up its figure by 21.5% to $730.9 million.


Join our mailing list

IT News Archive