Learn about the global Software As A Service (Saas) market through The Business Research Company, which provides information on Saas market size, Saas market drivers and restraints, Saas market players, the COVID-19 impact on the Saas market, and more.

The global software as a service (Saas) market size is expected to grow from $212.20 billion in 2021 to $240.61 billion in 2022 at a compound annual growth rate (CAGR) of 13.4%. The growth in the market 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 $374.48 billion in 2026 at a CAGR of 11.7%.

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.

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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 centre. Saas allows an organization to run an application at minimal upfront cost and speeds up overall functionality of the organization.

Global Software As A Service (SaaS) Market Segments Include:
By Application: Customer Relationship Management (CRM), Enterprise Resource Planning (ERP), Human Resource Management (HRM), Manufacturing and Operations, Supply Chain Management (SCM)
By Deployment Model: Public Cloud, Private Cloud, Hybrid Cloud
By Enterprise Size: Small and Medium Enterprises (SMEs), Large Enterprises
By End-User: Manufacturing, Retail, Education, Healthcare, IT and Telecom, BFSI
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the Software as a Service (Saas) market in 2021.

The introduction of artificial intelligence is gaining popularity in the Saas market. 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.

TBRC’s software as a service (Saas) market report covers:

Major Market Players: 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 and 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 (2016-21) and ten years forecast (2022-2026-2031)

The Software As A Service (Saas) Global Market Report 2022– Market Size, Trends, And Global Forecast 2022-2026 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, Saas market players, Saas market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s software as a service (Saas) market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Infrastructure as a service (IaaS) Global Market Report 2022

Platform As A Service (PaaS) Global Market Report 2022

Business Process As A Service (BPaaS) Global Market Report 2022

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