SaaS continues to dominate enterprise cloud computing market

Grazed from IT World Canada. Author: Andrew Brooks.

While there are security, compliance and portability concerns with “as-a-service” models, SaaS, PaaS and IaaS look set for further growth While the Software-as-a-Service (SaaS) model remains dominant in terms of market share, growth and breadth of coverage, a new research report says other cloud computing models have established themselves as contenders and are themselves undergoing rapid growth despite some issues.

Worldwide SaaS revenues will reach US$53 billion by 2018, or 59 per cent of the enterprise public cloud computing market, says a new report from U.K.-based Juniper Research. SaaS brought in US$23.2 billion last year. The report, titled “Cloud Computing – Enterprise Markets: SaaS, PaaS & IaaS, 2014-2018,” SaaS will remain the dominant cloud model, thanks in part to its relative maturity and widespread acceptance, and broad recognition of the comparative benefits and risks of commissioning cloud-based software…

Juniper expects the overall enterprise cloud computing market to reach US$90.7 billion by 2018, with both Platform-as-a-Service (PaaS) and Infrastructure-as-a-Service (PaaS) also showing growth. This is in spite of concerns over the data security, compliance and portability of both models…

Read more from the source @ http://www.itworldcanada.com/article/saas-continues-to-dominate-enterprise-cloud-computing-market/92729#ixzz30qJaBP89

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