BizSugar.com › News › Cloud-based Software Pushed Industry Growth in 2013

SaaS and cloud-based software played a mayor role in the growth of the software industry during 2013. According to a Gartner report, the worldwide software revenue grew a 4.8% over 2012, achieving a total of $407.3 billion.

The importance of cloud and subscription-based software is demonstrated by the entrance, for the first time, of a pure cloud vendor in the list of top 10 worldwide software vendors. Salesforce.com won the 10th position with more than $3.8 billion in revenue and with a 33% yearly growth, the highest among the top 10 vendors.