APAC SaaS Applications Market Worth US$4321 Million By 2015

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MarketsandMarkets Presents
APAC SaaS Applications Market Worth US4321
Million By 2015
http//www.marketsandmarkets.com/Market-Reports/Sa
aS-Asia-Pacific-APAC-239.html
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According to a new market research report,
Software-as-a-Service (SaaS) in Asia-Pacific
(APAC) (2010 2015), published by
MarketsandMarkets (www.marketsandmarkets.com),
the APAC Software as a Service (SaaS) market is
expected to grow from 390 million in 2008 to
4321 million in 2015, at an estimated CAGR of
41.0 from 2008 to 2015. http//www.marketsandma
rkets.com/Market-Reports/SaaS-Asia-Pacific-APAC-23
9.html With the advent of internet,
organizations now have the option to use
application on demand rather than buying the
complete license of the application. Initial low
cost of implementation and flexibility of usage,
coupled with a growing mindset among enterprises
and business users to try web-based applications
are among the key factors that have contributed
to a dynamic regional SaaS market. Request to
Download Free PDF Brochure _at_
http//www.marketsandmarkets.com/pdfdownload.asp
?id239
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The APAC Software as a Service (SaaS) market is
expected to grow from 390 million in 2008 to
4321 million in 2015, at an estimated CAGR of
41.0 from 2008 to 2015. The appeal and reach of
software as a service (SaaS) continue to grow
rapidly among enterprises in Asia Pacific.
Australia New Zealand (ANZ) is the largest
regional SaaS market in Asia Pacific. SAAS is
gaining momentum in ANZ because of the markets
resemblance to the North American market with
better broadband penetration, availability of
applications getting delivered in SaaS mode and
overall greater adoption of IT in general.
Developing economies like India and China are
expected to register a higher growth rate
compared to the entire APAC in the coming years.
The other nations like Hong Kong and Singapore
shall follow the trend as the number of
applications offered in SaaS mode will
increase. Inquire Before Buying _at_
http//www.marketsandmarkets.com/Enquiry_Before_Bu
ying.asp?id239
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Currently, Customer Relationship Management
(CRM), ERP and collaboration are widely used
applications in SaaS mode with high uptake across
verticals. As the market matures, end-users are
gradually showing increasing interest towards
applications like HRM, e-learning and
e-procurement platforms. Among the various
verticals in the industry, SaaS awareness is high
in the telecom sector, which results in
comparatively higher adoption. This trend is
expected to continue in the coming years. If we
look from the perspective of the size of the
organizations, small and medium size enterprises
are showing more interest towards adopting this
technology as the initial cost of implementation
is low. Ease of usage with low capital
investments is the major reason why SaaS
applications are increasingly finding favors with
SMBs.
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