Report Indicates a Growth in SaaS Market

Springboard research survey has announced the results of its study that surveyed Asia-Pacific SaaS users that specifically consisted of 530 CIOs and decision makers across various enterprises.
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The study revealed that thirty five percent of the respondents were keen on purchasing SaaS-based ERP (enterprise resource planning) in the next 12 months. Around twenty percent of those surveyed were already using SaaS ERP. The report also predicts the market for software-as-a-service (SaaS)-based ERP in the Asia Pacific (excluding Japan) to rise from US$35 million in 2008 to US$193 million by 2012.

Business Development Manager, Indusa Technical Corp, Nandita Nityanandam expects the SaaS market to grow faster in Asia, especially in the markets of China and India than in US or any western market.

Indusa is a CMM Level 4 certified software solutions and consulting company, focused on providing cutting edge technology solutions to clients worldwide. Nityanandam explained that most US based SMBs will prefer to adopt SaaS because the companies with a core team comprising of less than fifty employees don’t want to spend a lot of money on licensed software.

A January 2009 report from Springboard Research also expects the Indian SaaS market to see a compound annual growth rate (CAGR) of 76 percent between 2007 and 2011. These revenues are expected to reach US$260 million in 2011 and during this period, the SaaS ERP and SaaS CRM applications are expected to have the highest demand.

SaaS has helped a number of companies in India, America, and several other countries to control their overall expenditure, said Nandita. This is very important in the ongoing recession and also provides them with option of using applications as per the need and requirement.

“Indusa provides Custom SaaS Application Development services with adroitness because of its strong exposure to the technicalities required and the overall experience in the field,” she added.

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BY Anuradha Shukla, TMCnet Contributor
Source：TMCnet

Anuradha Shukla is a contributing editor for TMCnet. To read more of Anuradha’s article, please visit her columnist page.

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