[toyg]

I always take those numbers with a big pinch of salt. There is a wave, in the management world, that wants every business to be "Cloud” (i.e. SaaS), because of the (largely correct) assumption that it enables better rent-seeking and long-term lock-in. So every vendor is officially busy "pivoting to a subscription model" and wants to show growth in that area to investors, so they file everything they can under "cloud" divisions.

[op00to]

People want cloud services because they can show value back to the business faster than traditional enterprise solutions. That gets you more money.