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SaaS Value Ramps up as Digital Transformation Entices Businesses

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SaaS Value Ramps up as Digital Transformation Entices Businesses

FinancialBuzz.com News Commentary

PR Newswire

NEW YORK, August 3, 2018 /PRNewswire/ --

According to a report published by BCC Research, the global software as a service (SaaS) market for business applications is expected to grow from USD 44.4 Billion in 2017 to USD 94.9 Billion by 2022 and at a compound annual growth rate of 16.4% during the forecast years. SaaS is one of the primary segments of public cloud services (SaaS, PaaS and IaaS) and remains the largest in terms of market share. Based on application, the global SaaS market can be divided into customer relationship management (CRM), human capital management (HCM), enterprise resource planning (ERP), content management systems and other applications. TPT Global Tech Inc. (OTC:TPTW), Symantec Corporation (NASDAQ:SYMC), Zuora Inc. (NYSE:ZUO), 8x8 Inc. (NYSE:EGHT), MobileIron Inc. (NASDAQ:MOBL)

The benefit of using SaaS is that the software is centrally hosted by service providers and as such, enterprises don't need to invest in hardware. According to International Data Corporation (IDC), Eric Newmark, program Vice President for IDC's SaaS, Enterprise Applications, and Industry Cloud research practices, said, "Many companies have picked the low-hanging fruit, in terms of apps that could be easily moved to the cloud, and are now evaluating the migration of their next set of larger strategic systems (i.e. ERP, supply chain applications, etc.) to a SaaS model. These projects, coupled with companies' efforts to embrace digital transformation, will continue to fuel strong SaaS growth."

TPT Global Tech Inc. (OTC:TPTW) yesterday announced breaking news that, "the acquisition of Surfin Cycle, with the intent of selling Joint Venture opportunities for the tech-based electric scooter. The electric scooter business is one of the fastest growing markets and TPT Global plans to equip each scooter with their proprietary ViewMe Live app. The scooter will have SaaS technology and turnkey operations with everything built-in to make it as simple as possible for partners to enter the electric scooter market. The ViewMe Live app will allow franchisees to track user activity, generate revenue and allow riders to live stream their experiences.

'We believe in addition to being an incredible opportunity for investors who want to get in on the market established by Bird and Lime, Surfin Cycle with ViewMe Live will allow TPT to grow our user base and create an on-line content community surrounding the Surfin Cycle experience,' said Stephen Thomas, President and CEO, TPT Global Tech.

TPT will be launching a home base operation in San Diego that will allow a live three day training for partners so they are prepared to launch their business. Surfin Cycle works by selling Joint Venture opportunities to hotels, cruise ships and other proprietor led businesses who want to participate in the current electric scooter phenomenon.

Stephen also believes, 'The Surfin Cycle Joint Venture opportunity aligns perfectly with TPT Global Tech's focus on using technology to enhance the consumer experience by creating targeted content, utilizing innovative technology solutions and using the data received to continually improve our products. Through the launch of the Surfin Cycle Joint Venture opportunity, we continue to fuel TPT Global's growth and will enhance our ability to deliver unique and high-performing content while generating revenues and subscriber fees in a variety of unique ways unlike anyone else in the marketplace.'

TPT Global Tech maintains its commitment to invest in innovative, forward-thinking technology and content companies."

Symantec Corporation (NASDAQ:SYMC), the world's leading cyber security company, helps organizations, governments and people secure their most important data wherever it lives. The Company announced last year a new cloud data loss prevention (DLP) service for Symantec Email Security.cloud customers. The Company's DLP Cloud Service for Email leverages and enhances the existing investment in Email Security.cloud. It adds a powerful layer of data protection that strengthens outbound email security for Microsoft Office 365 Exchange Online and Gmail. Now, users get the most complete cloud email security solution that goes beyond the basic compliance-driven security of Office 365 and Gmail. Symantec made it easy to deploy and manage by building it in the cloud - 100% SaaS - and seamlessly integrating it with Office 365 and Gmail. With the DLP Cloud Service for Email, customers get powerful, cloud-based content detection that rigorously examines all of their outbound email traffic for sensitive data. The DLP Cloud Console makes it easy to manage content detection policies, investigate and remediate policy violations, and monitor what's going on with a sleek design and a user-friendly interface. It's fully cloud-based, so users don't have to worry about installing and maintaining any software or servers.

Zuora Inc. (NYSE:ZUO) provides the leading cloud-based subscription management platform that functions as a system of record for subscription businesses across all industries. Zoura recently announced that the Company's Chief Executive Officer and Founder, Tien Tzuo, released the definitive guide for how to succeed in the Subscription Economy, "SUBSCRIBED: Why the Subscription Model Will be Your Company's Future - and What to Do About It" (Portfolio/Penguin Random House) at Zuora's annual conference Subscribed™ in San Francisco. More than 10,000 people attend the Subscribed series of events each year to learn how to succeed amidst the most disruptive business model shift in a century. "Industry after industry, businesses understand that subscriptions are the future of revenue growth. But they've been clamoring for a how-to succeed guide. That's why I wrote SUBSCRIBED - a blueprint to win in the Subscription Economy," said Tien Tzuo Zuora Chief Executive Officer and Founder, the leading Subscription Economy SaaS provider, with nearly one thousand customers world-wide. He was formerly the Chief Marketing Officer and Chief Strategy Officer of Salesforce.

8x8 Inc. (NYSE:EGHT) is a leading provider of cloud phone, meeting, collaboration and contact center solutions with over a million business users worldwide. 8x8 helps enterprises engage at the speed of employee and customer expectations by putting the collective intelligence of the organization in the hands of every employee. The Company recently announced the general availability of 8x8 X Series, the next generation system of intelligent enterprise engagement for all customer and employee interactions. Now available in the U.S. and U.K., X Series helps companies radically transform enterprise communications with one cloud solution for voice, video conferencing, contact center, team messaging and collaboration across mobile and desktop devices. The new 8x8 X Series enables organizations to differentiate their customer experience by offering context-rich engagements, a single cloud platform for enterprise-wide collaboration, and advanced employee-customer interaction analytics capabilities. "8x8 has been at the forefront of cloud communications, continuously innovating how companies engage with their employees and customers to deliver exceptional customer experiences," said Dejan Deklich, Chief Product Officer, 8x8. "With X Series, we are redefining the USD 40 Billion enterprise communications market by giving companies the ability to integrate all of their employee communications and contact center solutions on a single cloud platform."

MobileIron Inc. (NASDAQ:MOBL), positioned in the Leaders Quadrant of Gartner Inc.'s Magic Quadrant for Mobile Device Management Software has been chosen by thousands of organizations that are transforming their businesses through Mobile IT. The Company recently announced a partnership with Structured, a leading information technology and systems integrator of secure and scalable IT solutions and services. Structured can now provide enterprise customers with a secure mobile device solution that protects their network and data while enabling employees to use their personal smartphones for work. Available as an on-premise or a software as a service (SaaS) solution, MobileIron products, which include mobile device and app management and mobile activity tracking, enable IT organizations to enforce security policies to protect corporate data using a centralized management solution and enable employees to connect smartphones securely to enterprise resources including email, Wi-Fi and VPN. "MobileIron is the only company that specifically addresses the challenges Mobile IT departments are facing with smart devices and apps," said Bob Tinker, Chief Executive Officer of MobileIron. "As more organizations invest in mobile security solutions, we look forward to working with Structured, an established IT expert, to integrate our mobile applications into its overarching enterprise IT systems."

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