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Cloud SaaS Growth According to IDC

IDC is predicting Software as a Service (SaaS) segment of cloud computing to be $40.5 Billion by 2014. This reinforces the high growth expectation of cloud computing.

“Figuring out how to find and capitalize on the enormous cloud services transition is the number 1 strategic goal of most IT product vendors,” according to Robert Mahowald, research vice president of IDC’s SaaS and Cloud Services practice. “Cloud represents both a tremendous challenge and potentially an opportunity to align with partners, create new capabilities, move into new markets, and define new leaders.”

The expectation is that most software vendors will be looking to sell a cloud solution first in 2014.
“Worldwide Software as a Service 2010–2014 Forecast: Software Will Never Be the Same” by Robert Mohowald:

http://www.idc.com/getdoc.jsp?containerId=223628