Skip to main content

AllPennyStocks.com News: The Rise of SaaS Based Businesses Is Giving Investors Massive Returns

Mississauga, ON -- (SBWIRE) -- 11/10/2021 -- AllPennyStocks.com Media, Inc. (https://www.AllPennyStocks.com/) 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 Salesforce.com (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 Salesforce.com (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: https://www.allpennystocks.com/specialreportsus/2779/the-rise-of-saas-based-businesses-is-giving-investors-massive-returns

About AllPennyStocks.com
AllPennyStocks.com is focused on the small-cap / penny stock market and has become a reputable name in the investment community. AllPennyStocks.com runs a Canadian and US site to provide investors in Canada as well as the United States with informative and unique content and information. AllPennyStocks.com runs daily technical penny stocks to watch, has a daily market write-up, provides company spotlights, runs unique most active pages strictly for penny stocks trading on the TSX, TSX Venture, NASDAQ and OTC BB, and much more information for the average investor.

AllPennyStocks.com also runs an email newsletter that aims to uncover stocks that are still under the radar of most investors. Criteria AllPennyStocks.com looks for includes strong revenues, a seasoned management, innovative business plans, among many others. AllPennyStocks.com also looks for companies that announce breaking news, recent 52-week highs/lows, technical breakouts, and other favorable corporate information.

Investors are encouraged to subscribe to the AllPennyStocks.com FREE e-mail newsletter and see what tens of thousands of other investors have already been receiving since 1999. Investors can receive their free newsletter subscription by clicking here: https://www.allpennystocks.com/aps_common/newsletter_free.asp.

Contact:
AllPennyStocks.com Media, Inc.
Peter Szafranski -- President
Phone: (800) 558-4560 Ext: 101
E-Mail: peter@allpennystocks.com
Websites: https://www.allpennystocks.com / http://www.bullishinvestor.com

Note: AllPennyStocks.com 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: https://www.allpennystocks.com/spotlight/1075/icoreconnect-inc.

For more information on this press release visit: http://www.sbwire.com/press-releases/allpennystockscom-news-the-rise-of-saas-based-businesses-is-giving-investors-massive-returns-1348822.htm

Media Relations Contact

Peter Szafranski
President
Telephone: 1-800-558-4560 Ext: 101
Email: Click to Email Peter Szafranski
Web: https://www.allpennystocks.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.