Companies and organizations around the world today benefit greatly from cloud-based services. Not surprising at all because apart from the convenience they provide, they are also cheaper and do not involve software installation.
This is one of the reasons why the software as a service or SaaS model has exploded and is being take advantage of today. With developments in mobile technology and the cloud market, investors and boards are also putting their money in new SaaS companies while at the same time pushing their so-called on-premise companies to pure SaaS models. It is estimated that global spending on SaaS could reach $45.6 billion by 2017 as more organizations utilize the cloud technology in an effort to improve their productivity and meet new market opportunities.
For their part, venture capitalists are now funding SaaS, big data and mobile software while private equity groups are seriously considering funding traditional on-premise software firms in order to transition to the Saas model. Continue reading »