Global rise of SaaS applications
Software as a service (SaaS) or “on demand software” has become the common delivery model for business applications today. For instance, it serves as the prominent delivery model for business applications like CRM (Customer Relationship Management), MIS (Management Information System), HRM (Human Resource Management), ERP (Enterprise Resource Planning), CM (Content Managing), Service Desk Management etc. According to the IT research and analyst firm, Gartner, SaaS global spending will increase by 17.9% by 2015. This means businesses will increase their spending/investment on SaaS from $14.5 billion in 2012 to $ 22.1 billion in 3 years from now. The SaaS market in the Asia-Pacific zone is also expected to hit $ 934.1 million this year, up from $ 730.9 million last year.
Gartner also predicts that the overall SaaS market growth will be due to pure SaaS vendors (for instance, Salesforce.com) as well as major on-premises applications vendors like SAP and Oracle. In India, the SaaS market mainly addresses CRM, HR Payroll, ERM and Collaborative applications, of which CRM forms 32% and Collaborative applications 38% of the total SaaS revenue.
The rise in SaaS applications is mainly due to people’s familiarity with SaaS offerings, IT budget constraints, and SaaS growth compared to PaaS (Platform as a Service) offerings. SaaS products allow companies to reduce capital investment and licensing fees, and to pay based on actual usage.
As Suyati technologies, both our services and our product is geared take advantage of this growing trend. With flexible delivery models, and wide expertise and experience in technology and domains, our team is ready to create SaaS applications and services for your business needs.