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Software as a Service, also known as "on-demand software," is making inroads across East Asia as organizations large and small become comfortable enough with Web services and network application delivery to risk using them for a variety of business functions.
In the East Asia market, excluding Japan, SaaS enterprise application revenues amounted to $80m in 2005, growing 82 percent year over year. Moreover, Springboard Research projects usage to expand at an annual rate of 84 percent between 2005 and 2008 according to its May 2006 report.
The regional SaaS market will grow more than 80 percent at a constant annual rate between 2006 and 2010, predicts Springboard Research.
"At that pace, we expect that SaaS applications will account for more than 40 percent of the enterprise software applications market in Asia-Pacific--excluding Japan--by 2010," says Ravi Shekhar, a Springboard software analyst.
Source: CRM Buyer, http://crmbuyer.com
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