Revenues generated from enterprise software-as-a-service will reach $53.5 billion in 2018, representing 59 percent of the enterprise public cloud computing market, and rising from $23.2 billion in 2013, according to a new report from Juniper Research.

The report, “Cloud Computing – Enterprise Markets: SaaS, PaaS & IaaS, 2014-2018,” says SaaS will remain the dominant cloud model. This is due partly to the relative maturity and widespread acceptance of the model, as well as recognition of the comparative benefits and risks of commissioning cloud-based software, the report notes.

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