Skip to main content News: The Rise of SaaS Based Businesses Is Giving Investors Massive Returns

By: SBWire

Mississauga, ON -- (SBWIRE) -- 11/10/2021 -- Media, Inc. ( announces its latest article titled "The Rise of SaaS Based Businesses Is Giving Investors Massive Returns."

Companies mentioned in this article include iCoreConnect (OTCQB: ICCT) and (NYSE:CRM).

Article Excerpt:

Younger generations don't understand, but there was a day when fax machines were high-tech ways of exchanging information. Nowadays, the "cloud" is the medium of choice for storing and transferring information, a digital modality that has paved the way for thousands of applications and the emergence of the $145.5 billion Software-as-a-Service (SaaS) market.

What's amazing about that valuation is that the dawn of the SaaS market was only about 13 years ago when (NYSE:CRM) was the first SaaS company to top $1 billion in annual sales. Owning to the relative nascency, the data signals that companies of all sizes are still flocking to SaaS to optimize and simplify operations. In 2019, Forbes showed that the average company paid 20-times more for SaaS subscriptions than five years earlier. Market experts at Insivia predicted that a small company (1-100 employees) will spend $260,000 on SaaS in 2021, while enterprises (1000+ employees) will spend $4.16 million.

The full version of this article can be found at:

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Contact: Media, Inc.
Peter Szafranski -- President
Phone: (800) 558-4560 Ext: 101
Websites: /

Note: has been compensated nineteen thousand dollars by the company for its efforts in presenting the ICCT profile on its web site and distributing it to its database of subscribers as well as other services. For a complete disclaimer, investors are encouraged to click here:

For more information on this press release visit:

Media Relations Contact

Peter Szafranski
Telephone: 1-800-558-4560 Ext: 101
Email: Click to Email Peter Szafranski

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