Posts Tagged ‘Software’
Software-as-a-service (SaaS) is an important new set of capabilities and engagement models in the IT industry, particularly in the emerging world of cloud computing.
Forrester Research projects that SaaS offerings will grow from 7% of total software revenues in 2010 to 17% in 2013. But is SaaS a truly disruptive technology, i.e., one that allows new market entrants to overtake existing vendors?
Many SaaS vendors say yes. But Forrester’s analysis of 123 software market segments shows that SaaS will have little or no effect on many of them. Moreover, some new and emerging software products like blog and wiki platforms began as SaaS products with no disruption of existing vendors.
2010 is ending with debt worries and questions about the future of the euro in Europe, doubts about the strength of the US recovery, and worries about overheated economies and higher inflation in China and Latin America. Despite these uncertainties, the global economy should continue to grow in 2011 and 2012, according to Forrester Research, though with different areas of strength and weakness. Similarly, the global IT market will grow by 7.1% in 2011, down just a tad from 7.2% growth in 2010; our first look at the 2012 outlook is for acceleration to 8.7% growth.