Youshang.com SaaS Paying Accounts hit 77,000

China's paying accounts rose 30.9% quarter on quarter to 77,000 in the management-type software-as-a-service (SaaS) market in the third quarter of 2009, according to a data report released lately by Analysys International.

Of the total paying accounts, 21,800 or 28.2% were from www.Youshang.com, an e-commerce platform under Kingdee International Software Group Co., Ltd. (SEHK: 0268). Youshang.com ranked first in the SaaS market in the quarter.

The followers were www.wecoo.com and www.eabax.com. And next came www.800app.com, Xtools, and www.mainone.com, with a less than 10% market share, separately. In particular, Salesforce.com only captured a 1.7% slice.

Besides, the nation's management-type SaaS market is predicted to grow rapidly in the near future, and it will hit CNY 720 million by 2011, with a 76.27% compound annual growth rate, said Analysys International.

Now, some Chinese small- and medium-sized companies have begun accepting SaaS, so, we should be optimistic about the future, said an Analysys International analyst.