Gartner predicts that the Software-as-a-Service (SaaS) market eclipsed $820 million in sales in 2008, up from $643 million in 2007, and will continue to grow at a compound annual rate of more than 30 percent for the next three years. What is driving more and more companies worldwide towards SaaS?
Whether it's a Fortune 500 company or one man band running a brokerage house the days of downloading and installing the latest version of an anti-virus to your PC are over. With the ever increasing usage of mobile devices, social networking sites as well as dependency on user-generated content for business purposes, analysts say the breadth and depth of gaping security holes grows faster and more insidious by the hour. This combined with the fact that companies can only control up to a certain extend what their employees are downloading or installing on their individual PCs makes a company’s entire network vulnerable to hackers. Given this scenario its easy to understand why more and more companies are turning towards Software-as-a-Service (SaaS). Information Security is one of the driving reasons why companies feel the need to turn towards a more secure solution such as SaaS.
Besides security, another major reason for companies’ shift towards SaaS is controlling operation costs. To be in sync with today’s highly competitive environment companies need to invest time and money in the latest software and technologies relevant to their businesses. But due to the operation cost of hiring and training of IT staff, investing in hardware and software, most companies lack behind. In such a situation SaaS seems to be the obvious solution. Through SaaS the companies get access to the latest technologies without disturbing their operational costs.
Companies such as Tabaq Software are offering specialised solutions in SaaS. jComply, a complete policies and procedures management system by Tabaq is available as Software-as-a-Service. jComply SaaS is cost effective, faster to deploy, requires no initial capital outlay and is scalable.
For more information on jComply SaaS visit www.tabaqsoftware.com/products/jcomply/saas
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