US now account for 60 percent of global Software as a Service (SaaS) market revenue, according SaaS report by summer 2013 Siemers & Associates. With growth of 24.4 percent in 2012 compared to 2011, the US also shows the highest growth rates for the adoption of the SaaS model.
The strongest overall growth of SaaS revenue in the US is due to the strength of its Internet infrastructure and a positive outlook for growth in the US technology market . With a rate of 23.4 percent growth, Asia has seen increased growth due to a need for advanced software solutions. European markets are stagnating due to the recent economic recession.
SaaS Software Solutions USA, Europe, Asia
The global SaaS market is expected to grow 16.8 percent from $ 14.4 billion in 2012 to $ 16.7 billion in 2013, with projections of $ 21.3 billion in 2015. SaaS European market to slow, while the United States should be the primary market growth. SaaS software categories prevalent in the United States are expense management, financial services, e-mail, office suites and web conferencing. There is a growing demand in the US for collaboration software.
In Europe, purchasing software, CRM and collaboration software are among the principal of the SaaS application development engines. Financial administration, human resources, project portfolio, and business intelligence SaaS categories are expected to generate an increasing demand in Europe in the coming period. Japan is the largest SaaS market in Asia, CRM, e-mail and groupware are the main categories. financial and accounting services are very popular SaaS solutions in China and India, while ERP, office suites, CRM and e-mail are categories of popular software in the Asian market in general.
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