Wednesday, March 14, 2007

SaaS : $19.3 billion by 2011

Check this out

"According to Gartner, the market for SaaS applications grew by 26 percent last year, from $5 billion in 2005 to $6.3 billion in 2006. The consulting firm expects demand for SaaS to continue growing at a 25 percent compound annual rate over the next five years, to $19.3 billion by 2011. Most of those dollars are going to new entrants rather than established software vendors like Oracle (Quote), SAP and Microsoft (Quote)."

For full story - check this out "Vendors Missing the SaaS Wave By Michael Hickins " []

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