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Gartner says Worldwide SaaS Revenue to Grow 22 Percent in 2009

Friday, May 08, 2009

The market for software as a service (SaaS) is forecast to reach $9.6 billion in 2009, a 21.9 percent increase from 2008 revenue of $6.6 billion, according to Gartner, Inc. The market will show consistent growth through 2013 when worldwide SaaS revenue will total $16 billion for the enterprise application markets.

"The adoption of SaaS continues to grow and evolve within the enterprise application markets as tighter capital budgets in the current economic environment demand leaner alternatives, popularity increases, and interest for platform as a service and cloud computing grows,” said Sharon Mertz, research director at Gartner.

Article sourced from www.gartner.com, click here to read full story.

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