Japan Software-as-a-Service Market Overview 2010

news issues: Japan Software-as-a-Service Market Overview 2010.

The SaaS market in Japan has reached a major milestone, surpassing US$1 billion in 2009 as adoption of on-demand solutions spreads across all major industries, according to IT industry analysts at Springboard Research. The Springboard Research report, “Japan Software-as-a-Service Market Overview 2010”, revealed that at US$1 billion, Japan’s SaaS market is larger than the rest of Asia combined. Springboard also predicts the Japan’s SaaS market will grow at a CAGR (compound annual growth rate) of 24% from 2009 to 2013, making it one of the fastest growing segments in the Japanese IT industry.

“The recent market growth is generated by large enterprise users adopting SaaS provided by global players, with Salesforce.com and Google being the most noted among them,” said Masami Kashiwagi, Japan Research Manager at Springboard Research.

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