BOSTON, July 22, 2016 /PRNewswire/ -- The number of mobile users and devices, from smartphones to tablets, is increasing across the board in enterprises, and SaaS applications continue to provide a tremendous value to end users with easy setup and collaboration capabilities that are changing the way organizations do business. According to the latest forecasts, "Global Corporate Mobile SaaS Forecast 2016-2022", and "Global SMB Mobile SaaS Forecast 2016-2022", Strategy Analytics estimates that revenue from Corporate mobile SaaS will grow from a $4.4 billion in 2016 market to reach $7.4 billion by 2021, at a CAGR of 11% over the forecast period; and SMB mobile SaaS will grow from a $16.5 billion in 2016 market to reach $30.5 billion by 2021, at a CAGR of 13.1% over the forecast period.
According to Gina Luk, Senior Analyst and author of the Strategy Analytics Mobile Workforce Strategies (MWS) reports, "the demand for businesses to be more agile to meet organizations' demands and stay competitive is driving a change in the way applications are developed, deployed and adopted. The need for flexibility, scale, and ease of deployment and use is driving adoption of SaaS to support mobile enterprise strategies".
"The SaaS industry is an unstoppable train that can only move forward; as more players come into the picture, competition will heat up to boiling levels. In order to stay competitive, many SaaS vendors have built ecosystems or communities which serve to streamline shopping and selection on the front-end, and integration on the backend, so that more companies can use SaaS solutions in an incremental, yet integrated manner. Small and medium sized businesses are leading the leap to the cloud as they look for applications that will enable their business to scale for rapid growth and to reduce the need for internal IT resources," added Andrew Brown, Executive Director of Enterprise Research at Strategy Analytics.
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Strategy Analytics, Inc. provides the competitive edge with advisory services, consulting and actionable market intelligence for emerging technology, mobile and wireless, digital consumer and automotive electronics companies. With offices in North America, Europe and Asia, Strategy Analytics delivers insights for enterprise success. www.StrategyAnalytics.com