Software as a service sales up 31% to USD 15 bln in Q2

Thursday 31 August 2017 | 10:55 CET | News

The worldwide enterprise software as a service (SaaS) market reached nearly USD 15 billion in the second quarter, a 31 percent year on year increase in revenues, according to data from Synergy Research Group. Microsoft remained the clear market leader in overall enterprise SaaS revenues, having overtaken long-time market leader Salesforce a year ago, thanks in part to its acquisition of LinkedIn. In terms of overall SaaS market rankings, Microsoft and Salesforce are followed by Adobe, Oracle and SAP, with other leading companies including ADP, IBM, Workday, Intuit, Cisco, Google and ServiceNow.

The report went on to predict that the SaaS market will double in size over the next three years, with strong growth across all segments and all geographic regions, with traditional enterprise software vendors like Microsoft, SAP, Oracle and IBM pushing to aggressively convert their huge base of on-premise software customers to a SaaS-based consumption model. 

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