Oracle wants to secure over 50% of the commercial software-as-a-service (SaaS) market, according to CEO HurdMark Hurd. The company is an "up and comer" in the sector but hopes to dominate the corporate cloud application market in the future. Tech giants such as Microsoft, Salesforce.com and Adobe currently lead the sector, but Mark Hurd highlighted that none has more than a fraction of the total market. In 2017, Microsoft topped the SaaS market with an 18% share, while Oracle's was 4.9%, according to IDC data. Mark Hurd has not set a timeframe for achieving the 50% share.
Oracle wants to secure over 50% of the commercial software-as-a-service (SaaS) market, according to CEO Mark Hurd. The company is an "up and comer" in the sector but hopes to dominate the corporate cloud application market in the future. Tech giants such as Microsoft, Salesforce.com and Adobe currently lead the sector, but Hurd highlighted that none has more than a fraction of the total market. In 2017, Microsoft topped the SaaS market with an 18% share, while Oracle's was 4.9%, according to IDC data. Hurd has not set a timeframe for achieving the 50% share.