Global Software As A Service (SaaS) Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends

October 22, 2021December 3, 2021 by The Business Research Company

The Global Software As A Service (SaaS) Market Report by The Business Research Company covers software as a service (SaaS) market drivers and restraints, software as a service (SaaS) market size, major players, and the impact of COVID-19 on the software as a service (SaaS) market.

The software as a service (SaaS) market consists of sales of cloud-based software services by entities (organizations, sole traders and partnerships) that deliver applications or information technology resources through an internet platform as a service.

The global software as a service (SaaS) market is expected to grow from $225,603.7 million in 2020 to $272,494.1 million 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 market is expected to grow at a CAGR of 14.1% from 2020 to reach $436,904.0 million in 2025. The global software as a service (SaaS) market is expected to reach $714,966.0 million in 2030, at a CAGR of 10.4%.

IoT technology adoption by manufacturing, transportation services and other companies is expected to drive the cloud services market in the forecast period. IoT is a network of physical objects such as devices, vehicles, buildings and other items which are embedded with electronics, software, sensors and network connectivity that enable these objects to collect and exchange data. The emergence of IoT based support service offerings by the SaaS industry is expected to drive revenues for the SaaS providers.

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Some software as a service (SaaS) market trends include rising demand for artificial intelligence in saas solutions for increased productivity and efficiency while automating repetitive tasks, and supporting human capabilities. Moreover, Central Analytics had emerged as a majority of SaaS businesses deal with big data, therefore the investments in software as a service (SaaS) backed by innovations in analytics is expected to increase.

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

5) 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) Opportunities And Strategies: Forecast 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) 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) Opportunities And Strategies: Forecast 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: Microsoft Corporation, Salesforce.com, Inc., Oracle Corporation, Automatic Data Processing, Inc., Alphabet Inc.

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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