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Story: IDC: Global tech spending to slow next year

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Posted by: Tom Greenberg (Tuesday 18 December 2007, 9:11 PM)

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On-demand CRM is growing by over 100%

While the predicted decline of tech global spending can be justified for many reasons including raising oil prices, the software-as-a-service industry is growing rapidly by over 100% year-over-year. The SaaS CRM market especially with companies such as Salesforce.com, Netsuite, Salesboom.com and others will still see great growth rates in 2008 in my opinion.

A global recession can help increase growth rates in the SaaS sector, since implementing software-as-a-service is much faster than traditional counterparts as well as costs a lot less, and in bad times, businesses look for other ways to replace their IT systems with more sufficient and cost effective solutions.

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Tom Greenberg

Tom Greenberg
Executive Management, Atlanta
Member since: September 2007

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