Google recorded the highest growth in SaaS

Earlier in this series, we discussed Microsoft’s (MSFT) leadership in the SaaS space. Synergy Research Group’s recent estimates show that the enterprise SaaS market grew 32% on a YoY (year-over-year) basis to reach almost $13 billion in quarterly revenues.

Within the SaaS space, ERP and collaboration grew the most. Among the leading SaaS players—including Microsoft (MSFT), Salesforce (CRM), and SAP (SAP)—Oracle (ORCL) and Google (GOOG) reported the highest growth. The chart below shows that 50% of G Suite organizations and 34% of Office 365 organizations are expected to run 100% of their IT functions in the cloud by 2020.
Could Google Threaten Microsoft’s Dominance in the Collaboration Space?

Google’s G Suite collaborative apps helped boost growth

Collaboration is the largest segment of the SaaS space. In Google’s case, G Suite collaborative apps propelled its growth story. It’s likely that in Oracle’s case, its dominance in ERP benefited from the acquisition of NetSuite, leading it to register the highest growth in the SaaS space in the last quarter of 2016.

Google’s record growth in SaaS space suggests that its rapid growth could pose a threat to Microsoft’s dominance in the collaboration sector.

Latest articles

JCPenney (JCP) is slated to announce its results for the first quarter of fiscal 2019, which ended on May 4, on May 21.

17 May

What to Know about the US-China Trade War

WRITTEN BY Mayur Sontakke, CFA, FRM

The key point of contention in the US-China trade dispute is the large trade deficit the United States runs against China.

On May 16, the Labor Department reported jobless claims for last week. Initial jobless claims fell by 16,000 to 212,000 for the week ended May 11.

Jeffrey Gundlach recommended investors take advantage of the volatility in interest rates at the recent Sohn Conference.

Tesla (TSLA) has fallen 4.2% as of 11:55 AM EDT on May 17. While US equity markets opened in the red today, they've recouped their losses.

According to Reuters, on May 16, Vale (VALE) told prosecutors that a dam was at risk of rupturing at its Gongo Soco mine.

172.31.1.77