It depends of the QE and next central banks announcement. If liquidity is cheap on the market, innovations will tends towards KPEX=0 thus more SaaS and stuff w

It depends of the QE and next central banks announcement. If liquidity is cheap on the market, innovations will tends towards KPEX=0 thus more SaaS and stuff will be produced backed with heavy marketing disguised as technical conf/blogs, and corps will have the money to kill competition by buying it. Hence it will not be a truly competitive market. If there is a contraction of liquidity however only the fittest will survive (low OPEX) and then SaaS, p2p, BaaS will die for more «old school» kind of development based on costing/pricing. Clearly this would mean the return of GUI and all kind of transactional databases and small meaningful data. The problem with financial markets is they are like weather : hard to forecast. And for the same reason we know there is a global warming, there is clearly a tech bubble. The more we wait for solving the problem, the more it will hurt. An industry future is always related to the confidence and money investors have in investing into it to expect ROI. With the paranoia going on all around the world, expect security to be the next money maker.