Monday, November 03, 2008

Gartner: SaaS is Hot, Revenue Will Keep Rising

If you were worried about the present and future of SaaS — Gartner says don’t be. Worldwide Software-as-a-Service (SaaS) revenue in the enterprise application markets is going strong.

Gartner predicts it will surpass US$ 6.4 billion in 2008, a 27% increase from 2007 revenue. Moreover, the market is expected to more than double with SaaS revenue reaching US$ 14.8 billion in 2012.

Despite the slumping worldwide economy, the adoption of SaaS is growing and evolving in the enterprise markets. What’s happening you ask? The newbies are challenging the incumbents, SaaS popularity is increasing, and everyone is looking for ways to save money, so the interest for platform as a service grows.

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A few examples of Saas being offered in the area of online review in the litigation support field come from Lexbe, ImageDepot & CaseCentral.

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