Global APAC SaaS Applications Market Worth US$4321 Million By 2015

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MarketsandMarkets Presents
APAC SaaS Applications Market Expected To Reach
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.marketsandmarkets.com/Market-Reports/Sa
  aS-Asia-Pacific-APAC-239.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.

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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. 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.
http//www.marketsandmarkets.com/Market-Reports/Sa
aS-Asia-Pacific-APAC-239.html
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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.
http//www.marketsandmarkets.com/Market-Reports/Sa
aS-Asia-Pacific-APAC-239.html
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SaaS-Asia-Pacific-APAC-239.html
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