Some predicitons for ZMGD marketIDC predicts the SaaS market to reach $40.5 billion by 2014, representing a compound annual growth rate of 25.3%. By 2014, approximately 34% of all new business software purchases will be procured via SaaS and SaaS delivery will constitute about 14.5% of worldwide software spending across all primary markets. IDC also indicates that "business applications will account for just over half of the market revenue.” The rest of the market growth will occur on cloud platforms as businesses begin to purchase cloud services instead of hosted services.