The global corporate mobile Software-as-a-Service (SaaS) market will reach $1.2bn in 2011 and grow to $3.7bn by 2016, with a 5-year compound growth rate (CAGR) of 25.8%, according to the latest Strategy Analytics Wireless Enterprise Strategies forecast.
The forecast report titled, ‘Corporate Mobile SaaS Forecast, 2010-2016’, said that the ability to integrate powerful business applications on smartphones, tablets and other wireless devices will facilitate and accelerate SaaS adoption in the corporate business environment.
Strategy Analytics also said that corporations with employees who travel increasingly look to Unified Communications-as-a-Service (UCaaS) Hosted VoIP, Web and Video conferencing solutions as a cost-cutting mechanism. UCaaS is a key alternative to premise-based UC platforms for improving productivity, processes and workflow, said the company.
Strategy Analytics Wireless Enterprise Strategies senior analyst Gina Luk said the corporate UCaaS Hosted VoIP market, already generating over $176m, is set to undergo nearly 57% year-on-year growth in the next 5 years.