Executive Briefings

Cloud-Based Software Accounts for About 10 Percent of Top Vendors' Revenue

As more and more enterprises give up license-based software in favor of faster, more convenient cloud services, the software industry itself is changing dramatically, according to advisory firm. Although legacy software companies that have moved into the cloud are reaping the benefits of the growing "as-a-service" ecosystem, they are also facing some risks.

Cloud-Based Software Accounts for About 10 Percent of Top Vendors' Revenue

The "PwC Global 100 Software Leaders" report finds that the revenues for the top 100 cloud companies rose by 10 percent between 2012 and 2014, from $247.5bn to $272.2bn. The top five companies providing cloud services globally were, in order, Microsoft, Oracle, IBM, SAP and Symantec.

Since PwC's last "100 Software Leaders" report was released two years ago, cloud adoption has continued to grow to the point where it is now "affecting the climate of every software company." Among the top 50 vendors, cloud-based software now accounts for around 10 percent of their total revenues, according to the latest report.

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The "PwC Global 100 Software Leaders" report finds that the revenues for the top 100 cloud companies rose by 10 percent between 2012 and 2014, from $247.5bn to $272.2bn. The top five companies providing cloud services globally were, in order, Microsoft, Oracle, IBM, SAP and Symantec.

Since PwC's last "100 Software Leaders" report was released two years ago, cloud adoption has continued to grow to the point where it is now "affecting the climate of every software company." Among the top 50 vendors, cloud-based software now accounts for around 10 percent of their total revenues, according to the latest report.

Read Full Article

Cloud-Based Software Accounts for About 10 Percent of Top Vendors' Revenue