Glossary

Cloud Service Commerce

Cloud service commerce is the selling of cloud-based software (also called cloud services, Software-as-a-Service applications, and SaaS apps).

Cloud service commerce is also one of technology’s fastest growing sectors. According to analyst firms IDC and Bain & Company, spending on cloud solutions is predicted to grow at a rate six times faster than overall IT spending, a 19 percent CAGR, to reach $390 billion by 2020.