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SaaS subscriptions bouncing back as enterprises seek innovation

September 24, 2021

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

The report on the global market finds enterprise SaaS demand rebounding from a slowdown caused by the COVID-19 crisis. A 21 percent growth in combined SaaS and infrastructure-as-a-service (IaaS) annual contract value is predicted in 2021.

“Enterprises in all industries are adapting their systems to take full advantage of digital capabilities,” said Bill Huber, ISG partner, digital platforms and solutions.

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