Categories Technology, U.S. Markets News

Microsoft leads the enterprise SaaS industry, grows quickly

One might think the pace of growth is inversely proportional to the size of the company. Well, in most cases, yes. But when it comes to the world’s largest public company, Microsoft (NASDAQ: MSFT), market cap is just a number. The case to present is Microsoft’s enterprise SAAS business.

The company has a huge Intelligent Cloud business that generated revenues of $9.7 billion in the latest reported quarter. Interestingly, this segment, comprising server products and enterprise services, showed the highest growth among its three units of 22%.

Annual SaaS revenue growth of top 5 vendors

A recent report reinstates Microsoft’s dominating presence in this market. According to Synergy Research Group, the Satya Nadella-led firm has the highest market share of 17% in the enterprise software-as-a-service (SaaS) market. Microsoft is followed by Salesforce (NYSE: CRM), Adobe (NASDAQ: ADBE), SAP (NYSE: SAP) and Oracle (NYSE: ORCL).  

These five companies together held more than half of the enterprise SaaS market share, according to the report.

Cisco (NASDAQ: CSCO), Alphabet (NASDAQ: GOOGL), IBM (NYSE: IBM), ServiceNow (NYSE: NOW) and Workday (NASDAQ: WDAY) make up the bottom five of the top 10.  The top 10 vendors account for over three-fourths of the market.

READ: Pinterest, Reddit more popular than Twitter in the US

Microsoft excels when it comes to annual growth rate also. The company boasts of 34% growth rate, trailing only SAP, which has reported a commendable 39% growth. All the others in the top five have annual growth in the twenties.  

The report also adds that the enterprise SaaS market has abundant growth opportunities as it currently accounts for just about 20% of total enterprise software spending. It adds that the market is going to witness a lot of action, including new entrants and consolidations.  

Microsoft reports third quarter 2019 earnings results

Chief Analyst at Synergy Research Group John Dinsdale said, “There will be consolidation, with the impending Salesforce acquisition of Tableau Software being a prime example, but there will remain many opportunities for new market entrants to make an impact.”

In spite of all that, Microsoft holds a strong ground, thanks to its huge base of on-premise software customers. All it needs to do is move these clients into the SaaS model.

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

ADBE Earnings: Adobe reports higher Q2 earnings; results beat estimates

Design software maker Adobe Inc. (NASDAQ: ADBE) on Thursday reported an increase in second-quarter 2024 revenue and earnings. The results also topped expectations. Second-quarter revenues came in at $5.31 billion,

Dollar Tree (DLTR): A look at the discount retailer’s growth initiatives at its namesake banner

Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were down over 1% on Thursday. The stock has dropped 24% year-to-date. The company delivered sales and GAAP earnings growth for the first

Key highlights from Signet Jewelers’ (SIG) Q1 2025 earnings results

Signet Jewelers Limited (NYSE: SIG) reported first quarter 2025 earnings results today. Sales decreased 9.4% year-over-year to $1.5 billion. Sales were down 9.6% on a constant currency basis. Same-store sales

Comments

  1. Pingback: Global Impact
  2. Pingback: Clinical dentistry
  3. Pingback: led controsoffitto
  4. Pingback: Fiverr Earn
  5. Pingback: fiverrearn.com
  6. Pingback: flatbed broker
  7. Pingback: liv pure
  8. Pingback: clima
  9. Pingback: fiverrearn.com
  10. Pingback: fiverrearn.com
  11. Pingback: frenchie san diego
  12. Pingback: isla mujeres
  13. Pingback: future university
  14. Pingback: french bulldogs
  15. Pingback: six sigma
  16. Pingback: Piano relocation
  17. Pingback: FUE
  18. Pingback: Moving assistance
  19. Pingback: Storage solutions
  20. Pingback: where is bali
  21. Pingback: Classic Books 500
  22. Pingback: FiverrEarn
  23. Pingback: FiverrEarn
  24. Pingback: Fiverr
  25. Pingback: FiverrEarn
  26. Pingback: Coach
  27. Pingback: partners
  28. Pingback: livpure
  29. Pingback: fue
  30. Pingback: Tips
  31. Pingback: FiverrEarn
  32. Pingback: live sex cams
  33. Pingback: FiverrEarn
  34. Pingback: FiverrEarn
  35. Pingback: FiverrEarn
  36. Pingback: FiverrEarn
  37. Pingback: FiverrEarn
  38. Pingback: FiverrEarn
  39. Pingback: FiverrEarn
  40. Pingback: FiverrEarn
  41. Pingback: anniversary
  42. Pingback: Kuliah Termurah
  43. Pingback: FiverrEarn
  44. Pingback: FiverrEarn
  45. Pingback: FiverrEarn
  46. Pingback: cheap sex cams
  47. Pingback: dog probiotics
  48. Pingback: frt trigger
  49. Pingback: 늑대닷컴
  50. Pingback: One Peace AMV
  51. Pingback: nang sydney
  52. Pingback: allgame
  53. Pingback: 918kiss
  54. Pingback: หวย24
  55. Pingback: K-beauty
  56. Pingback: pg slot
  57. Pingback: resort lake placid
  58. Pingback: itsMasum.Com
  59. Pingback: Nangs delivery
  60. Pingback: talkwitgstranger
  61. Pingback: chatave
  62. Pingback: itsmasum.com
  63. Pingback: joker gaming

Comments are closed.

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top