Market analysts have observed a significant growth in the volume of investments made in the cloud computing sector. In recent years, the investments made on the cloud computing sector have exceeded the volume of investments made in the IT sector. SaaS (Software as a Service) systems are responsible for fostering the growth of cloud computing industry.
Over the years, SaaS has gained a stable position in providing CRM (customer relationship management) and ERP (enterprise resource planning) solutions. One of the most attractive and useful feature of SaaS services lies in their ability to integrate. Various SaaS services, including services developed by the vendors, can be mutually integrated. Experts are working in developing an enhanced version of this feature.
Studies suggest that the SaaS services sector will continue to expand in the future. SaaS is also a part of cloud computing. So, the growth in cloud computing sector is directly proportional to the growth in SaaS market.
Factors responsible for the growth of SaaS
Numerous factors have led to the growth of SaaS market. Two already established service providers such as IaaS (Infrastructure as a Service) vendors and traditional enterprise software developers are now focused on expanding their businesses. They are now switching to higher platform services such as SaaS.
SaaS service providers are adding additional features in their services. They are providing a comprehensive set of tools such as Business Intelligence (BI), Business Process Management (BPM), ERP, etc.
With the growth in Cloud/SaaS sector, different models of cloud computing will also be benefited.