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In-Stat Cites SaaS Demand

SCOTTSDALE, Ariz. -- Demand for software as a service (SaaS) business applications in the US business market is growing at a steady pace across all sizes of business and vertical markets, reports In-Stat . Steadily increasing US hosted application revenues, from $8 billion in 2008 to $16 billion by 2012, are expected, the high-tech market research firm says.

The main benefits of hosted applications that resonate across vertical markets are scalability, Total Cost of Ownership (TCO), and remote accessibility,” says Jeff Jernigan, In-Stat analyst. “Also, the need for IT support for business applications is greatly minimized if not eliminated due to the centralized, vendor-supported management of the application.”