TEAM - IGV: Enterprise SaaS - Too High Too Fast?
Enterprise SaaS Overview
Enterprise software is software used by companies and organisations, as opposed to individual consumers. Enterprises are increasingly consuming software as a subscription service rather than through perpetual licenses.
According to forecasts by Gartner, cloud software growth is expected to be 22% in 2019 as compared to expected overall IT growth spend in 2019 of 3.2%.
The growth in cloud software is driven in large party by digital transformations ongoing at enterprises, where initiatives include cloud adoption (with hybrid cloud increasingly popular), DevOps and a digital customer experience. Increasingly, best in class software