According to a new market research study titled ‘Software as a Service Market to 2025 – Global Analysis and Forecasts by Deployment Model, Applications and End-user’, the value of global software as a service market in 2015 was US$ 34.78 Bn and is estimated to reach US$ 418.92 Bn by 2025. The report brings to light the factors prevalent in the global SaaS market and the factors boosting the market along with the restraining factors for the same.
Browse Complete TOC on Software as a Service (SaaS) Market to 2025 @ http://www.theinsightpartners.com/reports/software-as-a-service-saas-market
The global software as a service market was estimated at US$ 34.78 Bn in 2015. This market is expected to grow at a CAGR of 28.3% between 2016 and 2025, to reach US$ 418.92 Bn in the year 2025.
Using applications via a web browser and handling it remotely reduces the concerns of maintenance and other costs but it transfers the control of applications to the third party vendor. In Software as a Service model, any organization who wants to use an application, uses it on a third party basis. Sometimes security concerns are raised by organizations with the power being in the hands of the SaaS vendor especially in cases of mission critical applications. This totally depends on the comfort level of the organization whether it is willing to use software which are controlled by a third party vendor or deploy an on-premise software model. Security concerns are always a troublesome for an organization. Identity and access management always become a critical issue while entrusting control to a third party vendor for company sensitive data and business processes.
Inquire for Free Sample @ http://www.theinsightpartners.com/sample/TIPTE100000113
Concerns regarding the privacy and security of data have been one of the biggest factor that has refrained organizations from adopting the SaaS solutions. Companies with mission critical data have preferred the traditional on-premise...