SaaS, cloud and mobile to reshape software market

Grazed from Computer Business Review. Author: Editorial Staff.

SaaS now accounts for at least 40% of the software revenue for 10 major companies listed Global 100 Software-as-a-service (SaaS), cloud, IT consumerisation and mobile are expected to impact the software industry in the coming days, according to a report by PwC.

PwC’s Global 100 Software Leaders report found that SaaS now accounts for at least 40% of the software revenue for 10 major companies listed Global 100 and out of them nine companies are based in US. PwC US software and Internet leader Patrick Pugh said that software companies and vendors are especially beginning to feel the effects of the software-as-a-service (SaaS) technology on their business models…

"Vendors need to continually evaluate both the changing priorities of customers and the industry because these evolving sentiments are causing deep structural changes and fundamentally shaping business models," Pugh said. In 2011, SaaS accounted for 4.9% of the total software revenue and its share is expected to grow with half of 800 North American companies are planning for cloud based solutions for buying software…

Read more from the source @ http://www.cbronline.com/news/saas-cloud-mobile-to-reshape-software-market-pwc-230513