Liquid is preparing for a period of sustained growth after research from IDC predicted that software-as-a-service (SaaS) market is set to grow more than 25 per cent annually for the next four years.

The same research also predicts that the rise of on-demand models will contribute to a $7bn (£4.5bn) decline in global software licensing revenue in 2010. The analyst claims worldwide SaaS revenue stood at $13.1bn last year.

As Chair of the BASDA (Business Application Software Developers Association) Special Interests Group for Cloud Computing, Liquid’s MD Matt Holmes is an industry expert in the field of SaaS. Speaking about the future of SaaS for business, Matt said:

“This article highlights just how rapid the growth of SaaS will be over the coming years. With more businesses choosing to switch their business activity online, Liquid is definitely in the right place at the right time to be leading the way in cloud computing. Microsoft has just announced that it’s putting the majority of it’s development into the cloud and big names like Coca Cola are moving their internal systems online.’

‘As a market-leader in the UK online accounting software industry we offer many benefits, advantages and cost-savings for our clients:  we have the most functionality and flexibility, which makes us extremely cost-effective, the most secure login procedure and as far as we know, we’re the only company to be entirely based, developed, stored and supported in the UK.’

An article written by CRN’s Sam Trendall, gives a fascinating insight into the future of business software and is available to read via the link below.

SaaS rise set to wipe $7bn off licensing market this year