Synergy Research: Quarterly Enterprise #SaaS Spending Reaches $20 Billion, Grows 32% Per Year
📅 - The enterprise cloud SaaS market is now generating $20 billion in quarterly revenues for software vendors, according to New Q2 data from Synergy Research Group, a number that is growing by 32% per year. Microsoft has a worldwide market share of over 17% and is now the leading cloud SaaS vendor by some distance, having overtaken Salesforce nine quarters' ago.
In many ways, the enterprise Software-as-a-Service (SaaS) market is now mature, stated Synergy Research. However, SaaS still accounts for less than 15% of total enterprise software spending and therefore remains small compared to on-premise software, meaning that cloud SaaS growth will remain buoyant for many years to come.
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