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SaaS sales, share of IT budgets set to grow

13 Oct, 2016 09:00 am

The Software as a Service (SaaS) market will continue to grow and command an even larger share of IT budgets in the future, according to a new research.

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The current share of SaaS for server, storage, and network management is between five percent and 15 percent, but according to the survey of 195 CIOs and IT managers conducted by EY's technology division, Parthenon-EY, this is expected to rise to up to 50 percent in the near future.  

The majority of the survey participants who worked more closely with business units by meeting their specific needs when adopting SaaS reported a higher rate of satisfaction with the service. This reflected the importance of giving business needs priority when making technology-related investments decisions.

Paradoxically, roughly half of the respondents would have invested less in implementing SaaS for business units, and instead, would have preferred to allocate more money for their IT budgets if given the choice.

Companies that work closely with their business units by meeting their needs when adopting SaaS will see the best return on investments as SaaS' market share continues to grow.  
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