News & Views

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SAP defers profit goal to build cloud business

ERP

January 21, 2014 from Reuters¬†- “…The global cloud services market last year grew by almost a fifth to an estimated $131 billion, according to research firm Gartner. IBM Markets Intelligence estimates the market could be as big as $200 billion by 2020…”

180 View - The big vendors such as SAP and Oracle are late to the cloud party. They are making up for it by making acquisitions of cloud-ready software. But it remains to be seen whether their flagship products will ever get off the ground.

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