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Technavio Reveals Cost Saving Opportunities for the Global SaaS MarketAccording to the latest procurement market intelligence report from Technavio, the global SaaS market is expected to grow at a CAGR of 8% over the next five years due to the growth in demand for data centralization. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170123005389/en/ 
Technavio has published a new report on the global SaaS (News - Alert) market from 2017-2021. (Graphic: Business Wire) The research report titled 'Global SaaS: Procurement Intelligence Report 2017-2021' provides an in-depth analysis of category spend, best procurement practices and cost saving opportunities, aimed at helping organizations achieve superior business performance. The report also provides insights on pricing, supplier positioning and top companies, enabling sourcing professionals to improve their competitive advantage through procurement excellence. "Organizations are increasingly focusing on obtaining real-time data insights, and streamlining and automating business functions with cost-effective software applications; this is expected to drive global demand for SaaS applications," said lead Technavio procurement expert Angad Singh for category spend intelligence. "Additionally, growth in the outsourcing of business requirements related to software and services is a major factor driving the global SaaS market," added Angad. Request a sample report: http://www.technavio.com/request-a-sample?report=54711 Tehnavio sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. Cost saving opportunities in the SaaS market The adoption of various cost optimization levers helps buyers of SaaS applications realize cost savings and achieve category management and value benefits (including a reduction in procurement complexities). Technavio procurement experts have segmented the cost saving opportunities in the SaaS market into the following value-enhancement opportunities:
Adoption of technology saving aspects Microservices architecture refers to the method of developing a suite of independently deployable modular services. Unlike the monolithic architecture, modifications in a small section of applications do not require rebuilding and deployment of the entire suite. As a result, implementing microservices architecture methodologies for SaaS applications can lead to more reliability and less recovery time. Docker is another technology, which works like a VM that allows applications to use the same Linux kernel as the main system to run the application, and requires only the application to be shipped, subsequently improving performance, and reducing application size. Adoption of negotiation strategies To ensure uninterrupted functioning of systems post procurement of software applications, buyers need to evaluate:
Bundling of services saving aspects To save time, costs, and management effort, buyers require SaaS solutions that can easily be integrated with existing legacy systems. In addition, they want the assurance of high-quality services and exchange of data through a safe mode such as network cables to eliminate the need to use public networks. Browse other reports:
Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they're published in addition to all 6,000+ existing reports. This subscription nets you thousands in savings, while staying connected to Technavio's constant transforming research library, helping you make informed business decisions more efficiently. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected].
View source version on businesswire.com: http://www.businesswire.com/news/home/20170123005389/en/ |
