SaaS Market Raises Nears $15 Billion Per Quarter Milestone

1. 
   
   
   Software-as-a-service (SaaS) businesses generated almost $15 billion in the next quarter (Q2) of 2017, an yearly growth of 31 percent, according to the most recent report published today by Synergy Research Group.
   Microsoft continues to lead the marketplace, using surpassed cloud client relationship management (CRM) giant Salesforce this past year. A mammoth acquisition afterwards, along with the Redmond, Wash. software maker and cloud supplier is yanking at a lively pace.
   "Helped by the LinkedIn purchase, Microsoft further distanced itself from the pursuing bunch of SaaS providers. Long-time market leader Salesforce was overtaken by Microsoft a year ago but remains the number two player," explained John Dinsdale, leader and research manager at Synergy Research Group.
   "These two have been followed closely by Adobe, Oracle and SAP," lasted Dinsdale. "The fastest growing important SaaS providers are Oracle, Microsoft and Google."
   The alliance sector of the marketplace is growing the fastest, '' he added. And Microsoft is in a fantastic position to capitalize on this tendency.
   In the last few decades, the business continues to be sprinkling collaboration capabilities on its cloud-enabled productivity applications package, Office 365. In March, Microsoft released Teams, the organization's response to Slack, a favorite group chat cooperation platform.
   Obviously, Microsoft Teams is closely integrated with the remainder of the Office 365 ecosystem, enabling users to rapidly pull Office-based communications and content in their chat sessions.
   "The Office 365 services and applications that people use daily--such as Word, Excel, PowerPoint, OneNote, SharePoint and Power BI--are all assembled into Microsoft Teams, providing individuals the information and resources that they need," declared Kirk Koenigsbauer, in an blog article announcing the general availability of Microsoft Teams earlier this season. "We've recently added support for open, public groups within a company. We have also enhanced the assembly experience with the addition of scheduling capabilities, including free/busy calendar accessibility for group members, including recurrence, and which makes it much easier to transition out of chat to high quality video and voice."
   The market remains highly fragmented but it does not seem to matter much, at least with respect to overall development. Synergy anticipates S
   aaS suppliers to double their earnings over the next 3 decades, Dinsdale stated, which spells good news to the market as a whole.
   Microsoft, Salesforce as well as the above firms aside, other top SaaS providers include ADP, Cisco, IBM, Intuit, ServiceNow and Workday. The latter two firms, together with additional "born-in-the-cloud" sellers are credited for keeping the business on its feet and helping spur business requirement for SaaS services by Synergy.