Enterprise SaaS Adoption is Growing at Rapid Rates
SaaS applications continue to transform how organizations do business. The pandemic has only served to intensify their adoption.
Modern enterprises strive to achieve the highest levels of efficiency and business productivity in the shortest amount of time to maintain their competitive edge and remain relevant. Software-as-a-Service (SaaS) applications built for the modern enterprise make this possible with their unmatched simplicity, intelligence, ubiquitous availability, and ease of use.
It’s no surprise that the valuation of the market for cloud- delivered SaaS products such as Salesforce, Hubspot, Google Apps, Zoom and many others continues to grow. As the first cloud-based service to truly take off and proliferate, SaaS has a significant lead on other cloud services. Gartner estimates that SaaS will continue to maintain its dominance as the largest market segment in worldwide IT spending this year and beyond.
Gartner predicts that worldwide end-user spending on public cloud services is forecast to grow 23.1% in 2021 to total $332.3 billion, up from $270 billion in 2020, according to their latest forecast. Enterprise SaaS is still the largest market segment in worldwide IT spending and is forecast to grow to $145.3B in 2022.