July 23, 2010 –  Worldwide software as a service revenue within the enterprise application software market is forecast to surpass $8.5 billion in 2010, which is up 14.1 percent from 2009, according to Gartner, Inc. The rapid adoption of SaaS has contributed to growth across the enterprise software markets.

During 2009 and 2010, the significant industry buzz surrounding SaaS and other off-premises models has shifted to cloud computing - a broad concept of which SaaS is one variation, representing the application layer of the overall cloud architectural stack. Gartner estimates that 75 percent of the current SaaS delivery revenue could be considered as a cloud service, and that could exceed 90 percent by 2014 as the SaaS model matures and converges with cloud services models.

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