Editor's note: this is a guest post from Accel partner Philippe Botteri, who joined the VC firm in 2011 to focus on investments in SaaS, enterprise and marketplace businesses, with significant contribution from his colleague at the investment firm, Pia d'Iribarne.
Software is eating the world, and Software-as-a-Service (SaaS) is eating software.
Global SaaS revenues are expected to grow by $19 billion in 2016, an increase of 22% from 2015, while traditional software revenues are shrinking by $10 billion. Two dollars in SaaS revenues are created for every $1 of software revenues eaten – an impressive stat, but where does Europe stand on the global SaaS map?
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