Microsoft outdoes Salesforce as the global SaaS leader
The Nevada, Washington based cloud research company Synergy Research Group points out in its recent survey that Microsoft has surpassed Salesforce to become world’s leading Software as a Service (SaaS) provider in the Q2 of 2016. In the Q1, both finished equally marking 14% revenue share. But Microsoft came up with 15% share of global enterprise SaaS pushing Salesforce to the second place in Q2.
Salesforce still continues to be the leader in CRM, while Microsoft is ranked number one in terms of collaboration tools, second in CRM, and third in enterprise SaaS products.
When compared to Salesforce, Microsoft offers stronger products in the collaboration segment of the highly scattered SaaS market (first being SharePoint followed by Office 365 that has a high growth rate currently). Next to Oracle, Microsoft is the second fastest growing SaaS Company.
Worldwide enterprise SaaS market is witnessing a big boom with a 33% yearly growth to register $11 billion plus in quarterly revenues. With this incredible growth rate, the SaaS market is expected to post a growth of $44- $48 billion by the end of 2016. Over the next 5 years, the SaaS sector will grow triple the size of what it is today; says the Synergy Group- Chief Analyst and Research Director John Dinsdale.
Microsoft CEO Satya Nadella seems to attribute the credit to the tech giant’s growth in the cloud services area. We can hope that the coming days will witness more eventful news from the war of the tech titans.