Cost savings, process efficiencies and productivity were the key benefits to businesses implementing the cloud technology, according to an Oracle-sponsored IDC study into Software as a Service (SaaS) adoption.
The report found that more than 60% of all companies across major verticals have adopted or are in the process of implementing cloud solutions. The study illustrated that 48% of companies are currently using SaaS technology with another 31 % planning to use in the next one or two years.
Access to better technology (58%) and faster deployment of additional IT resources (53%) were the top two drivers for SaaS adoption. Delivering more projects without recruiting additional headcount (51%) and standardization (50%) were the third and fourth key drivers. Other key reasons for adopting SaaS included access to better quality of IT skills (49%) and access to the latest software and techniques (48%).
The UAE, KSA and Qatar were all identified as tier one countries within the study. The research showed that many companies in the region have a “SaaS also” attitude, meaning that when they need new or replacement applications for capability, capacity and functionality, they look at SaaS-solutions at the same time as looking at other on-premise software.
Dana Murugan, senior director marketing at Oracle commented: “Modern cloud applications from Oracle help customers reimagine business, practices, and experiences. The best-of-breed Software as a Service (SaaS) applications in Oracle Cloud are integrated with social, mobile, and analytic capabilities to help deliver the experiences customers expect, the talent to succeed, and the performance the market demands. The results of the survey indicate that SaaS adoption is continuing to rise in the region and we look forward to supporting our customers with the latest technology that will enable them to achieve business objectives.”