Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report on Software as a Service (SaaS) in Asia which finds that the market for SaaS is expected to reach US$165 million by 2010 in the Indian subcontinent.
“Software As A Service in Asia - 2007” forecasts that the Indian SaaS market will grow at a compound annual growth rate (CAGR) of 77% from 2006 to 2010, to reach US$165 million in the next three years.
The report finds that the growing SaaS market is aided by a buoyant Indian economy, expanding broadband infrastructure, and increased internet penetration among small and medium businesses (SMBs). The market shows great potential for growth in India as there is a low penetration of software applications among Indian enterprises, especially in the SMB segment.
Analysts say that ease of use and management are among the key reasons for the increasing adoption of SaaS. They say the challenge for SaaS vendors who are aiming to expand the market, is to continue educating the market and raising awareness about the benefits that the service can provide end users.
Authors of the report find that while most SaaS applications are purchased directly from the vendor, there is also an emerging channel for SaaS in India for more complex SaaS applications which focus on enterprise resource management (ERP), customer relationship management (CRM), and human resources (HR).
The study examines key trends in the Asian Enterprise SaaS market and provides data on market size and growth forecasts for key application segments in the region, excluding Japan. The report also profiles leading SaaS vendors in Asia and highlights their offerings and business strategies.
“Software As A Service in Asia- 2007” is available from Report Buyer.
Report Buyer product ID: SBR00007
About Report Buyer
Report Buyer is a UK-based independent online store supplying business information on major industry sectors. These include the Automotive Industry, Banking & Finance, Energy & Utilities, Food & Drink, Telecoms and Pharma & Healthcare. The website now carries over 40,000 business information products, including market reports, studies and books. Report Buyer is the intelligent way to buy market research making it an essential resource for executives and information buyers worldwide. Subscribers receive a free monthly newsletter and email alerts on new titles in their areas of interest. A regularly updated blog provides information on the latest market trends.