Naperville, IL -- (SBWIRE) -- 01/04/2013 -- Analysts forecast the Global SaaS-based ERP Software market to grow at a CAGR of 14.24 over the period 2011-2015. One of the key factors contributing to this market growth is the need to reduce the total cost of ownership. The Global SaaS-based ERP Software market has also been witnessing increased adoption by SMEs. However, data security issues could pose a challenge to the growth of this market.