SaaS market to reach $40.5 billion by 2014

According to IDC, the SaaS market had worldwide revenues of $13.1 billion in 2009, and IDC expects it to reach $40.5 billion by 2014, representing a CAGR of 25.3%. Consolidation is happening at all levels of cloud computing, both applications (SaaS) and infrastructure. SaaS vendors Taleo, SuccessFactors, RightNow, and Salesforce.com have already started consolidating, and Citrix is the latest cloud computing consolidator but at the infrastructure level.