InterCloud Systems Inc. (ICLD)

[stockzillla]

"The global software as a service market (SaaS) is projected to rise at a spectacular CAGR of 27.90% from 2015 to 2022. The market stood at US$23.8 bn in 2014 and the opportunities in the market is projected to surge to US$164.3 bn by the end of the forecast period.

Based on deployment method, the market is segmented into public cloud, private cloud, and hybrid cloud. Of these, the public cloud segment leads the market and is forecast to remain so in the forthcoming years. The growth of the segment is likely to be fueled by their vast uptake of cloud-based products and services offered through this model. Regionally, the Asia Pacific market is predicted to rise at the leading CAGR of 32.10% during the forecast period and is forecast to offer abundant lucrative avenues for market players.

Adoption of Subscription-Based Models of Purchasing Software Bolstering Uptake

The rising demand for subscription-based model of purchasing software among businesses and private consumers is a key factor driving the SaaS market. The growing uptake of applications that are hosted remotely by a software or service provider on the cloud among enterprises is boosting the market. A substantial number of enterprises in various developing and developed economies have shifted away from on-premises infrastructure and IT applications to gain agility and save large upfront cost. This is a key factor bolstering the demand for SaaS. The increasing use of social media tools across enterprises has also accentuated the market in recent years.

The soaring popularity of pay-as-you-go model of service delivery is catalyzing the market growth. With the adoption of SaaS model, an increasing number of end users are gaining the twin benefits of universal accessibility of software and services and the remarkable flexibility in pricing. In addition, the notable benefit of scalability associated the SaaS has boosted their demand across enterprises. The implementation of SaaS method of delivery has helped several small and medium enterprises/businesses (SMEs/SMBs) reap competitive benefits of accessing expensive and high-functionality software. This is vastly propelling the demand for SaaS in various regions. The benefits of automatic updates and low cost of maintenance is further fueling the uptake among small subscribers."
http://www.editiontruth.com/software-service-saas-market-adoption-subscription-based-models-purchasing-software-bolstering-uptake/