This Sector of the Market is Recession Proof
Posted on January 23, 2008 - Filed Under Marketing
With the imminent recession looming on the horizon many investors, whether professional corporations or individuals using online services will choose to cut back on their spending. There is one sector of the market, however, that has proven it has the ability to withstand such economic downturns – the Software-as-a-Service sector.
If the U.S. heads into another recession, corporations likely will rein in information technology spending, and consequently, software companies will be hurt. But one class of software maker–Software-as-a-Service, or SaaS, companies–managed to thrive during the 2000-2002 downturn and should continue to be recession proof.
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