The business software market is growing and is expected to generate more than $394 billion in revenue by 2015, according to a report by Global Industry Analysts. One of the reasons this is happening is because the growing demand for the cloud is creating a greater need for A2A integration solutions.

SaaS will be a major contributor to the growing software industry because vendors are offering unique applications that help companies reshape their entire IT strategy. Additionally, the pay-as-you-go pricing model is enticing to many companies, the report said.

Network software is also expected to see steady growth in the coming years. This is mainly because of the proliferation of the internet and the increasing need for B2B integration solutions, GIA noted. This growing segment will also be affected by the need to have secure file transfer capabilities when dealing with clients in online environments.

In fact, cloud-based B2B integration platforms will come of age this year, according to a report by GXS. This is because cloud computing is becoming an integral part of operations and, as a result, will be utilized more in the process of exchanging information.