Analysts Predict SaaS Revenues to
Reach $85 Billion in 2019
PALM BEACH, FL -- May 22, 2019 -- InvestorsHub NewsWire -- via
FinancialNewsMedia.com -- Gartner, a leading research and
advisory company, has recently issued a report on the SaaS and
global cloud markets. Gartner defines software as a service
(SaaS) as software that is owned, delivered and managed
remotely by one or more providers. The provider delivers software
based on one set of common code and data definitions that is
consumed in a one-to-many model by all contracted customers at
anytime on a pay-for-use basis or as a subscription based on use
metrics. In its report it predicted that: "the market will grow
17.3 percent in 2019. The fastest-growing segment -- cloud system
infrastructure services, or infrastructure as a service (IaaS) --
is forecasted to grow 27.6 percent in 2019. By 2022, Gartner
expects that 90 percent of organizations purchasing public cloud
IaaS will do so from an integrated IaaS and platform as a service
(PaaS) provider, and will use both the IaaS and PaaS capabilities
from that provider. When it comes to the business process as a
service (BPaaS) category, Gartner expects to see revenue grow 7.9
percent to $50.3 billion in 2019. Globally
speaking, Gartner predicts that by 2021, cloud revenues will
total $278 billion." Active Companies from around the
tech market with current developments this week include:
Zevotek, Inc. (OTC:
ZVTK), salesforce.com,
inc. (NYSE: CRM), CyberArk
Software Ltd. (NASDAQ: CYBR), Oracle
Corporation (NYSE: ORCL), Symantec
Corporation (NASDAQ: SYMC).
The report continued: "Meantime, cloud application services --
or software as a service (SaaS) -- remains the largest segment of
the cloud market, with revenue expected to grow 17.8 percent to
reach $85.1 billion in 2019. The increasing
adoption of SaaS applications and other cloud services impacts the
management, dissemination and exploitation of enterprise
content," Craig Roth, research VP at Gartner. "Organizations
are steadily -- but not exclusively -- shifting their content
environments to SaaS."
Zevotek, Inc. (OTCPK:
ZVTK) BREAKING NEWS: Zevotek
today published an online presentation to introduce its first to
market software as service (SaaS) product specifically targeting
a $435 million segment of an $85 billion market.
ZVTK's first to market SaaS solution is developed by DALOS and it
uniquely provides automated service agreement renewals for the
array of multimillion-dollar service contracts surrounding
industrial and technological equipment. Tight competition
between manufacturers has made profit margins micro-thin and made
efficient service contract maintenance ever more vital. DALOS
from ZVTK provides manufacturers, their distributors and VARs with
new service contract renewal capabilities and efficiencies that can
maximize profits and even capture otherwise missed revenue
opportunities. DALOS integrates leading CRM and ERP solutions
to include Oracle and SAP across hardware solutions that include
those from HP, Dell and Samsung, to name only a few CRM, ERP and
hardware compatibilities. ZVTK has targeted a $435
million segment of the overall $85 billion B2B SaaS
market that crosses multiple industries. Learn more by
reviewing ZVTK's online presentation on
DALO: ZVTK's DALOS SaaS
PRESENTATION Read this and more
news for ZVTK at: https://www.financialnewsmedia.com/news-zvtk/
In the software/tech industry developments and happenings in
the market:
salesforce.com, inc. (NYSE: CRM)
the global leader in CRM, recently announced it is signing the
White House Pledge to America's Workers and pledging to give
500,000 Americans the skills they need to earn Salesforce
credentials and get top jobs in the Salesforce ecosystem over the
next five years. Through Trailhead, Salesforce's free online
learning platform, anyone can acquire the in-demand tech skills
needed for the jobs of today and tomorrow, including Salesforce
administrator, Salesforce developer, Salesforce marketing
manager and more. The pledge will be signed as part of
the company's inaugural Trailblazer Day, a celebration of the
people who are changing their lives and careers with
Salesforce.
CyberArk Software Ltd. (NASDAQ: CYBR)
the global leader in privileged access security, recently
announced strong financial results for the first quarter
ended March 31, 2019. "We were pleased to deliver results
ahead of all guided metrics as well as record cash flow from
operations," said Udi Mokady, CyberArk Chairman and CEO. "Our
results demonstrate that Privileged Access Security is the
foundation of comprehensive cybersecurity programs. As the leader
in the market, organizations of all sizes and industries are
turning to CyberArk as a trusted advisor to secure digital
transformation and cloud migration strategies. As we look at the
remainder of 2019 and beyond, we are committed to delivering
sustainable growth, strong profitability and continual innovation
to secure privileged access across on-premises, hybrid and cloud
environments.
Oracle Corporation (NYSE: ORCL)
To help organizations design and operate efficient and agile supply
chains, Oracle recently announced a series of logistics management
updates to Oracle Supply Chain Management (SCM Cloud. The updates
include a new logistics network modeling product and enhanced
transportation management and global trade management capabilities.
The latest innovations can help customers drive better business
outcomes by enhancing supply chain responsiveness, optimizing
shipments and asset utilization, and improving productivity across
global supply chains.
"Expectations are not only increasing, they also are constantly
evolving. To meet these demands, organizations need customer-driven
supply chains that deliver the agility required to rapidly
respond," said Derek Gittoes, vice president, SCM Product
Strategy, Oracle. "Disruptions due to customer demand volatility,
new product introductions, government regulation changes, and a
host of other factors, leave supply chain professionals struggling
to adapt. To eliminate this guessing game of how best to respond,
we are giving our customers the insights they need to improve
decision making and increase efficiency of logistics
operations."
Symantec Corporation (NASDAQ: SYMC)
recently announced it has been positioned by Gartner, Inc. in the
Leaders quadrant of the Q2 2019 Magic Quadrant for Managed Security
Services, Worldwide for the 15th time since
the report's inception in 2005. The Managed Security Services
report evaluated 14 vendors based on completeness of vision and
ability to execute against 15 criteria. According to the report,
"For other organizations that have little to no security team and a
lower security operations maturity, the expectations are that the
MSSP will do more than just issue an alert and let the customer
fend for itself. They need the MSSP to take an active role in
analyzing, triaging, and then disrupting or containing the threat,
i.e., they need the MSS to act as a first-level incident responder
for them."
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