Gartner Forecasts SaaS Revenue to Grow 21% in 2011

Gartner Forecasts SaaS Revenue to Grow 21% in 2011

In 2010, customers spent a total of $10 billion on software as a service (SaaS) offerings. However, Gartner predicts that this segment of the cloud computing market could be worth $12.1 billion in 2011, a 21 percent increase. By 2015, SaaS revenue could top $21.3 billion.

Analysts say that customer concerns about the security and availability of cloud computing services are diminishing. “After more than a decade of use, adoption of SaaS continues to grow and evolve within the enterprise application markets,” said Gartner’s Tom Eid. “This is occurring as tighter capital budgets demand leaner alternatives, popularity and familiarity with the model increases, and interest in platform as a service (PaaS) and cloud computing grows.”

View article

Share the Post:
Heading photo, Metadata.

What is Metadata?

What is metadata? Well, It’s an odd concept to wrap your head around. Metadata is essentially the secondary layer of data that tracks details about the “regular” data. The regular

XDR solutions

The Benefits of Using XDR Solutions

Cybercriminals constantly adapt their strategies, developing newer, more powerful, and intelligent ways to attack your network. Since security professionals must innovate as well, more conventional endpoint detection solutions have evolved

AI is revolutionizing fraud detection

How AI is Revolutionizing Fraud Detection

Artificial intelligence – commonly known as AI – means a form of technology with multiple uses. As a result, it has become extremely valuable to a number of businesses across

AI innovation

Companies Leading AI Innovation in 2023

Artificial intelligence (AI) has been transforming industries and revolutionizing business operations. AI’s potential to enhance efficiency and productivity has become crucial to many businesses. As we move into 2023, several