Worldwide spending for business application software is booming. And while vendors such as Microsoft, Oracle and SAP dominate the enterprise application software space, cloud computing, Software-as-a-Service, mobile computing and other industry trends are giving rise to a whole new generation of app vendors. SaaS application sales alone will grow 20.7 percent to $12.1 billion this year, according to Gartner.

Check out the emerging vendors in the business application software space that the channel needs to know.