Chinese SaaS set for growth (19/11/2009)
A new report has predicted growth for the Chinese Software-as-a-Service (SaaS) sector.
Springboard Research has suggested an increase in revenues of 56 per cent for the industry by the end of 2010.
This would take money generated in the country from SaaS to $171 million (£102 million).
According to the study, growth in the sector will continue over the next three years and will outstrip that of traditional IT services.
Devin Wang, business analyst for emerging software at Springboard Research, said: "The appeal and growth of SaaS in China are based on the advantages of SaaS applications compared to traditional software such as lower upfront costs, easier maintenance and quick roll-outs."
He added that his firm envisages "aggressive demand" for SaaS in China over the coming months.
Earlier this week, Wael Mohamed, an industry expert, commented at a Sydney conference that SaaS solutions are "essential" for many companies, CRN.com reported.
