IDC predicts that the SaaS market will grow to $53.6 billion by 2015 at a CAGR of 26.4% and that SaaS delivery will significantly outpace traditional software product delivery, growing nearly five times faster than the software market as a whole and becoming the significant growth driver to all functional software markets. IDC expects that by 2015, SaaS delivery will constitute about 13.1% of worldwide software spending across all primary markets and 14.4% of applications spending. SaaS-basedbilling solutions are business accelerators for those striving to provide cloud services and other categories of service offerings as well. Specifically, SaaS-based subscription billing offers businesses of all sizes and types a very swift, flexible, and cost-effective way to meet current billing needs while equipping companies with the ability to easily accommodate growth, billing and pricing complexity, and overall business expansion. Most businesses cannot fully anticipate how dynamic market conditions will require them to respond when it comes to pricing and billing, so the SaaS billing model offers companies the flexibility, scale, and room for growth they may need in the future, making it an extremely attractive option. IDC has projected that the cloud billing market will grow at a CAGR of 35% for 2012–2014. This growth market is building strongly to a projected point of $485 million in revenue in 2014.
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