$4.2 bln spent on software as a service in 2004

$4.2 bln spent on software as a service in 2004

Summary: Worldwide spending on software as a service (SaaS) reached $4.2 bln in 2004, an increase of 39% over 2003 according to IDC.

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TOPICS: Tech Industry
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Worldwide spending on software as a service (SaaS) reached $4.2 bln in 2004, an increase of 39% over 2003 according to IDC. Worldwide spending on SaaS will continue to increase over the next five years at a 21% compound annual growth rate (CAGR), reaching $10.7 bln in 2009.

Topic: Tech Industry

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