Boosting,Innovation,and,Produc technology Boosting Innovation and Productivity, SaaS Gains Prominence
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Software as a Service, or SaaS, has emerged as the leading and most matured cloud-computing model and has become a dominant delivery model owing to the several benefits it brings, including global SaaS market, easier administration, automatic updates, easier collaboration, and greater compatibility.Wide Scope of SaaS Applications Signifies Growing Popularity and Reliance SaaS is being used by large enterprises, small and medium businesses, and other sectors such as retail, banking, finance, and insurance, for a wide range of applications including operations and manufacturing, structured data management, collaborative solutions, customer relationship management (CRM), application server middleware, security, system or network management, supply chain management, enterprise resource planning (ERP), content management systems, quality and lifecycle tools, integration and process automation middleware, engineering, storage software, and human capital management (HCM).A complete brochure for this research is available for download.In the logistics and transportation sector, SaaS offers on-demand access to all kinds of data pertaining to the transportation process with the help of a cloud-collaborative network. Several telecom companies use SaaS to increase productivity and minimize costs. Oil and gas and power companies use SaaS for integration and standardization of IT operations, real-time data access, and data storage. SaaS in the banking, financial services, and insurance sector enables the development of advanced products and ensures smooth operations. In the manufacturing sector, SaaS helps in managing infrastructure and cloud platforms that are used to run different software applications. Media and entertainment companies use SaaS to develop and provide a highly optimized and contextual experience for the online audience. The use of SaaS by government customers allows them to acquire a secure, modern, and cost-effective set of cloud solutions that can be aligned with a number of security policy framework requirements. Retail companies rely on SaaS for maximum optimization of current investments and costs. Hosting of clinical data and applications in the healthcare sector is possible via SaaS. Educational and professional institutes and hotels use SaaS for better security and flexibility. Impressive Growth in store for SaaS Market According to a report published by Transparency Market Research, the global SaaS market is anticipated to develop at a remarkable CAGR of 27.90% from 2015 to 2022, growing from a value of US$23.8 Bn in 2014 to US$164.2 Bn by 2022. This impressive growth can be attributed to a number of factors.Increasing economic sluggishness and low rate of expansion have forced leading organizations to outsource software and services to the experts. This has greatly boosted the demand for SaaS globally. Rising complex IT requirements influenced by new consumer IT trends have encouraged the use of SaaS in a variety of applications for tablets, smartphones, and notebooks, thereby supporting the growth of the SaaS market. In addition, high penetration of internet and smartphones, high-speed broadband connectivity, and improving infrastructure abilities are also responsible for the development of the SaaS market. Analysts predict that increasing number of specialized SaaS applications, rising investments in personal consumer research, and the development of new alternatives to multi-tenancy will boost the demand for SaaS in the near future. However, lack of integration, issues pertaining to continual and high-speed internet connectivity in some regions, and concerns associated with data security threaten to impede the global SaaS market.Some of the leading players operating in the global SaaS market are Google, Inc., IBM Corporation, Amazon Web Services, Inc., Salesforce.com, Inc., Microsoft Corporation, Automatic Data Processing, Inc., Oracle Corporation, Fujitsu Ltd., and Workday, Inc.Browse Market Research report at http://www.transparencymarketresearch.com/software-service-market.html
Boosting,Innovation,and,Produc