Almost 90% of company security officers (CSOs) believe that software-as-a-service (SaaS) will replace enterprise software for mission-critical applications.
This is the finding of a survey of CSOs conducted at the CSO Interchange Event in London last week.
The survey also found that CSOs are concerned about the economic downturn, but excited by cloud computing.
The current economic downturn is seen as the greatest risk to organisations today, and over 41% listed this as a more significant security risk than threats to data security from disgruntled employees or cybercrime attacks.
Against this backdrop, SaaS and cloud computing are seen as opportunities that will grow significantly over the next five years.
The survey found that 87% of those questioned at the event believe that SaaS services will replace enterprise software for mission-critical applications within the next five years, with 16% believing this will happen within one year.
Traditional misconceptions about the security of SaaS are easing, with 55% convinced that SaaS makes information easier to secure.
With cloud computing, 63% have already conducted an initial assessment of the value of cloud computing, while the rest are planning to do so.