JAPAN'S SAAS MARKET SEEN TO MORE THAN DOUBLE BY FY13
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[June 17, 2009]

JAPAN'S SAAS MARKET SEEN TO MORE THAN DOUBLE BY FY13

TOKYO, Jun 17, 2009 (AsiaPulse via COMTEX) -- Japan's market for software-as-a-service (SaaS) is expected to grow to be worth 311.6 billion yen (US$3.2 billion) in fiscal 2013, more then doubling in scale from fiscal 2008, according to a forecast by marketing research company MIC Research Institute Ltd.



During that same five-year stretch, the market for platform-as-a-service (PaaS), which provides the hardware foundation for SaaS, is forecast to grow sixfold to 30.5 billion yen.

The research institute based these forecasts on a survey of 73 firms that provide SaaS and PaaS in Japan.


Japan's SaaS market was worth 151.7 billion yen in fiscal 2008. Over the next five years, it is expected to grow at an annual average rate of roughly 16 per cent. The PaaS market was worth 5.2 billion yen in fiscal 2008.

The research firm cited several factors for the growth of these two markets. Companies that use these services can reduce their initial investments as well as the costs of software updates and support. Moreover, they can lighten their own systems operating burdens.

(Nikkei)

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