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SaaS: Digital Transformation Drives Continued Strong Growth

By Dick Weisinger

The migration from on-premise enterprise applications to Software-as-a-Service equivalents is far from over.  Dramatic growth in SaaS is expected to continue.  SaaS is expected to grow from a $44 billion market in 2017 to more than $94.9 billion by 2022, according to BCC Research.

The number of SaaS apps is keeping pace with this growth.  Blissfully reports that the number of SaaS apps has increased more than 42 percent since Q1 2017.

Eric Newmark, Vice President at IDC, said that “many companies have picked the low-hanging fruit, in terms of apps that could be easily moved to the cloud, and are now evaluating the migration of their next set of larger strategic systems (i.e. ERP, supply chain applications, etc.) to a SaaS model. These projects, coupled with companies’ efforts to embrace digital transformation, will continue to fuel strong SaaS growth.”

 

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