Cloud Transition Continues to Impact Legacy Software Vendors

enterprise cloud software market research

Applications revenue grew by only 3.9% year-to-year in 3Q15 for the 23 software vendors tracked by TBR. Meanwhile, Cloud adoption generated subscription revenue growth of 39.9% year-to-year in the quarter — causing new license sales decline to accelerate to -25.3% during the same period.

Source: TBR

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About David H Deans

Principal Consultant and Founder of GeoActiveGroup.com
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