Security News > 2021 > September > SaaS subscriptions bouncing back as enterprises seek innovation

Enterprises worldwide continue to migrate from proprietary, licensed software to software-as-a-service subscriptions as they seek innovation, better user experience and lower cost, according to a report published by Information Services Group.

The report on the global market finds enterprise SaaS demand rebounding from a slowdown caused by the COVID-19 crisis.

Companies are expected to increase their spending on core enterprise applications such as enterprise resource planning, human capital management and customer relationship management, which increasingly are being delivered and billed as SaaS subscriptions, the report says.

Demand is surging for vertical SaaS solutions aimed at specific industries.

The pandemic has sparked especially strong demand for vertical SaaS solutions for supply chain management and ERP, the report says.

While the SaaS market has a growing number of players, including small niche providers, industry consolidation to increase scale is expected to continue, the report says.

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