Home : Technology & Innovation : High-tech Manufacturing Industries Embrace SaaS Applications
SaaS will grow from $3 billion today to $30 billion by 2013, says Deutsch Bank.
By Doug Timmel, Director of Manufacturing Industry Solutions, Bluewolf
May 23, 2008 -- The market figures paint a compelling picture. The number of Software as a Service (SaaS) providers, and the capabilities of SaaS applications, continues to grow at an explosive pace. A 2006 Deutsche Bank analyst report states the industry will grow from $3 billion today to $30 billon in annual revenue by the year 2013, representing a ten-fold increase within the next five years. And, while it's true that this is a small portion of the overall software industry, recent trends indicate this number may be conservative.
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