Mississauga, ON -- (SBWIRE) -- 01/29/2015 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Iveda Solutions Makes Progress in Vietnam."
Companies mentioned in this article include Iveda Solutions Inc. (OTCBB:IVDA).
In a report released last year, research firm IDC provided its view on the global Software-as-a-Service (SaaS) and cloud software performance by vendor in 2013 and outlook through 2018. The research firm noted that the worldwide cloud software market reached $39.3 billion in 2013. While the year-over-year growth in the cloud software market was impressive at 22.6% on a year-over-year basis, there is more to come.
According to IDC, the cloud software market could exceed $100 billion by 2018 at a compound annual growth rate (CAGR) of 21.3%. Importantly, SaaS delivery is likely to outpace traditional software product delivery. In fact, the SaaS space is expected to grow five times faster than the software market as a whole, according to estimates from IDC.
Indeed, the SaaS market has seen substantial growth in recent years. While there are a number of major players in this space, it is useful to keep an eye on smaller, emerging players as they may offer tremendous returns over the next few years. One such player is Iveda Solutions Inc. (OTCBB:IVDA), which is a Mesa, Arizona-based company enabling cloud-based video surveillance through its Sentir™ platform.
The full version of this article can be found at:
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