Software-as-a-Service worldwide revenues for enterprise applications will reach $10.7bn in 2011, according to Gartner research.
The market generated worldwide revenues of $7.9bn in 2009, and is forecast to reach $9.2bn for 2010, according to the analyst firm. While growth was strong for 2010, with a 15.7-percent jump over 2009 revenues, "the market is projected for stronger growth in 2011," with a 16.2-percent increase over 2010, Gartner said.
The "significant industry buzz" surrounding SaaS and other off-premises models has "shifted" to cloud computing, according to the report. Gartner analysts estimated that 75 percent of the "current" SaaS delivery revenue could be considered cloud services. As the "SaaS model matures and converges with cloud services models," the breakdown could exceed 90 percent by 2014, the analysts said.
