Software as a Service or SaaS has emerged as the most promising horizon to replace enterprise IT infrastructure. But in spite of the meteoric rise and overwhelming influence of SaaS, we cannot predict an end-of-the-road situation for the on-premise, licensed software presently in use across business environments. We can only predict more growth for SaaS in the prevailing enterprise IT. Some statistics conform to our findings.
A recent Forrester report said that the budget for on-premise software across diverse enterprises experienced a steady drop of 13 percent between the year 2012 and 2013. In the same time span, the budgetary spending for SaaS experienced a great increase amounting 53 percent. By the time we reach 2026 the market for SaaS solutions will reach a whopping $55 billion. Why are SaaS solutions experiencing this tremendous increase in enterprise adoption? Well, SaaS is actually creating more value for the business process than on-premise solutions.
