TechNavio recognizes the following companies as the key players in Global SaaS-based Enterprise Applications Software Market: IBM Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., and SAP AG.
Commenting on the report, an analyst from TechNavio’s team said: “In recent years, the market has witnessed an increased demand for big data applications. This is an emerging trend witnessed in the Global SaaS-based Enterprise Applications Software market in 2013. Big data applications use a massive amount of information from enterprises to deliver better and intelligent results. As SaaS has leveraged the use of software and services at a reduced integration cost, big data applications will provide an extension to the SaaS model and help in the transformation of resources into services. For instance, Salesforce.com has started using big data applications with the acquisition of Jigsaw, a provider of social listening software. Salesforce recognized the combination of social networking and big data applications for brands, which will provide more intelligent data and analysis to clients. This in turn increases the benefits offered by big data analytics and cloud computing, thereby propelling the growth of the market during the forecast period.”
According to the report, one of the major drivers in this market is the increasing focus on real-time decision-making. With the rapid globalization being witnessed in enterprises, decision makers need business applications for automation and strategic real-time decision-making. Given this scenario, the deployment of business applications through the SaaS model offers them ease of usage and quick upgrading of business applications.
Further, the report states that one of the major challenges in this market is the need for dedicated high-speed internet connections. For the proper functioning of the SaaS-based applications, organizations require a reliable internet connection. High-speed internet connection comes with an additional charge, thereby increasing the total operational cost.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-saas-based-enterprise-application…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report – Global SaaS-based Enterprise Applications Software Market 2014-2018
