Cloud computing, SaaS, big data to fuel software industry growth
Wednesday, December 28, 2011 11:40:13 PM
Cloud computing, Software-as-a-Service and big data will fuel significant growth for software companies in the coming years, and some financial experts believe the industry could outperform the overall market.
Software companies are experiencing healthy growth as businesses are exploring new technology to help manage increasing amounts of data, Barclays analyst Raimo Lenschow said, according to a Marketwatch report.
"Technology as a whole is gaining a greater proportion of the corporate capex spending and software is gaining a larger proportion of the total tech spending," Lenschow said. "The big data theme is a new trend that is expected to impact the industry in the coming years."
Lenschow also cited cloud computing as a major catalyst of IT spending, especially as more businesses decide to implement SaaS solutions, which provide remote application sharing for employees across multiple platforms.
Cloud computing is a rising trend for enterprise IT managers looking to lower costs, improve deployment speeds and decrease the data management burden placed on IT staffs. According to a recent survey, 93 percent of enterprises are working with software companies that provide cloud computing solutions.
-McAfee Cloud Security
