Menu
SaaS revenue to exceed $US8.5 billion in 2010: Gartner

SaaS revenue to exceed $US8.5 billion in 2010: Gartner

Popularity due to security, response times improving

SaaS revenue is set to increase 14 per cent this year with a total revenue of $US 8.5 billion worldwide expected.

Market analyst Gartner predicts the market will swell due to the evolution of SaaS in the enterprise market. Sharon Mertz, research director at Gartner, said interest in the cloud is growing.

“After a decade of use, adoption of SaaS continues to grow and evolve within the enterprise application markets. As tighter capital budgets demand leaner alternatives, familiarity with the model increases, and interest in platform as a service and cloud computing grows.”

“Adoption varies between and within markets, and although use is expanding to a wider range of applications and solutions, the most widespread use is still characterized by horizontal applications with common processes, among distributed virtual workforce teams and within Web 2.0 initiatives," Mertz said.

Gartner predicts 75 per cent of current SaaS revenue could be classed as a cloud service and this will increase to 90 per cent by 2014 due to CIO concerns around the cloud diminishing.

“The popularity of SaaS has increased significantly within the past five years and initial concerns about security, response time, and service availability have diminished for many organisations as SaaS business and computing models have matured and adoption has become more widespread,” Mertz said.

The news comes as Commonwealth Bank CIO, Michael Harte, spoke to CIO plans to deploy cloud services.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags cloud computingGartnercloud storageprediction markets2010 predictions

Featured

Slideshows

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

Hundreds of leaders from the New Zealand IT industry gathered at the Hilton in Auckland on 17 November to celebrate the finest female talent in the Kiwi channel and recognise the winners of the Reseller News Women in ICT Awards (WIICTA) 2020.

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards
Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

The leading female front runners of the New Zealand ICT industry joined together for the annual Reseller News Women in ICT Awards event at the Hilton in Auckland, during which hundreds of guests celebrated 13 outstanding individuals who won awards, chosen from more than 50 finalists representing over 30 organisations.

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards
Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Show Comments