The Global Software as a service (SaaS) Market Report by The Business Research Company Covers SaaS Market Drivers And Restraints, Software as a service Market Size, Major Players, And The Impact Of COVID-19 On The SaaS Market.
The Software as a Service (SaaS) market consists of sales of cloud based software services. SaaS is a software solution which can be purchased on a subscription or pay per use basis to use an application for organizational purposes and customers can access this application over internet, mainly through a web browser. All the applications data and software are located in the services provider’s data center. SaaS allows an organization to run an application at minimal upfront cost and speeds up overall functionality of the organization.
Rapid changes in business dynamics in the market are expected to benefit the software as a service (SaaS) market in the forecast period as cloud-based solutions support business operations in changing conditions.
The global software as a service (SaaS) market is expected to grow from $225.6 billion in 2020 to $272.49 billion in 2021 at a compound annual growth rate (CAGR) of 20.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The SaaS market is expected to reach $436.9 billion in 2025 at a CAGR of 12.5%.
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Some software as a service market trends include the introduction of artificial intelligence. Artificial Intelligence (AI) is an area of computer science which focus on the simulation of human intelligence processes by machines. AI in SaaS helps companies to upgrade themselves from time to time with the latest data, create better user experience through predictive analytics, automate the areas where manual functions were required previously and personalize user interface features.
Global software as a service (SaaS) market segments include:
1) By Application: Customer Relationship Management (CRM), Enterprise Resource Planning (ERP), Human Resource Management (HRM), Manufacturing and Operations, Supply Chain Management (SCM).
2) By Deployment Model: Public Cloud, Private Cloud, Hybrid Cloud.
3) By Enterprise Size: Small & Medium Enterprises (SMEs), Large Enterprises.
4) By End User: Manufacturing, Retail, Education, Healthcare, IT & Telecom, BFSI, Others.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Software as a service (SaaS) Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides software as a service (SaaS) market overviews, analyzes and forecasts market size, share, software as a service (SaaS) market players, software as a service (SaaS) market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The software as a service (SaaS) market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Software as a service (SaaS) Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Salesforce, ServiceNow, Microsoft, Google, Cisco, , Slack, Adobe, Oracle, Amazon AWS, DocuSign, Zendesk, Dropbox, , ADP, Atlassian Confluence, Shopify, Workday, Hubspot, SAP, IBM, Box, Concur, JIRA, GitHub, GoToMeeting, Twilio, CoupaSoftware, Xero, Zuora.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The software as a service (SaaS) Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The software as a service (SaaS) Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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