Market Overview
As per the analysis presented by Market Research Future (MRFR), the global software as a service market is predicted to grow exponentially in the forthcoming years. The market is poised to strike a CAGR of 21% during the forecast period. It has been estimated that the global software as a service market will reach a valuation of USD 117 Bn by the end of 2022.
The developments and advancements adopted in the cloud technology have paved the way for software as a service across different industry verticals. It enables the clients to access software and the associated data through a web browser. The convenience offered by the technology is one of the key factors responsible for driving the growth of the global market.
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The subscription model of the software has revolutionized the adoption of technology in every sector and industry. The growing dependency on technology has fueled the demand for software service solutions and is likely to propel the expansion of the software as a service market over the assessment period. In addition, it comes as a cost-effective way to sustain competition for the SMEs that are not equipped for licensing the software. This, in turn, is anticipated to further boost the growth trajectory of the software as a service market.
The growth of the IT industry is prognosticated to drive the expansion of the software as a service market. Furthermore, factors such as high demand for data analysis software, speed deployment, availability of customization, etc. is likely to favor the proliferation of the Software as a Service Market.
Key Players
The major players operating in the market of Software as a Service Market are- Salesforce (U.S.), LinkedIn (U.S.), Concur Technologies (U.S.), Workday, Inc. (U.S.), IBM Corporation (U.S), Oracle Corporation (U.S.), NetSuite Inc. (U.S.), Medidata Solutions (U.S.), ServiceNow, Inc. (U.S.), Microsoft Inc. (U.S.), Google Inc. (U.S.), Zuora (U.S.) among others.
Segments:
The global software as a service market is studied by MRFR for various segments to arrive at specific and accurate analysis. These segmentations are carried out on the basis of deployment, end-user, industry, and region. The software as a service market is segmented into public cloud, private cloud, hybrid cloud, and community cloud on the basis of deployment. On the basis of end-user, the global SaaS market is segmented into Small & medium enterprises and large enterprises. The Saas market is segmented into entertainment, BFSI, manufacturing, IT & telecommunication, retail, and healthcare on the basis of industry.
Regional Analysis:
The global SaaS market is studied for the regional segments of North America, Asia Pacific, Europe, and Rest of the World. North America is assessed to dominate the global software as a service market owing to the presence of prominent players, hence, gaining a competitive advantage over other regions. Further, a rich entertainment industry in the region is estimated to drive up the sales of SaaS in the forecast period. High adoption of on-demand SaaS is also expected to fuel the market growth in North America during the forecast period. Among country-specific markets, the U.S. is estimated to emerge as a leading market for software as a service due to technological advancements in the nation.
Europe is anticipated to hold the second largest share in the global software as a service market. The U.K., Germany, Italy, and France are some of the developed countries in the region that are likely to emerge as some of the highest adopters of software as a service owing to high demand from enterprises from numerous sectors. Asia Pacific is likely to grow at the fastest rate because of the presence of many fast-growing economies in the region. Further, new government policies promoting the startup ecosystem is also contributing heavily to the prompt growth of the software as a service market.
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Table Of Contents
LIST OF FIGURES
Figure 1 Research Type
Figure 2 Global Software As A Service Market: By Deployment (%)
Figure 3 Global Software As A Service Market: By End User (%)
Figure 4 Global Software As A Service Market: By Industry (%)
Figure 6 Global Software As A Service Market: By Region
Figure 7 North America Software As A Service Market, By Deployment (%)
Figure 8 North America Software As A Service Market, By End User (%)
Figure 9 North America Software As A Service Market, By Industry (%)
Figure 11 North America Software As A Service Market, By Countries (%)
Figure 12 Europe Software As A Service Market, By Deployment (%)
Figure 13 Europe Software As A Service Market, By End User (%)
Figure 14 Europe Software As A Service Market, By Industry (%)
Figure 16 Europe Software As A Service Market, By Countries (%)
Figure 17 Asia-Pacific Software As A Service Market, By Deployment (%)
Figure 18 Asia-Pacific Software As A Service Market, By End User (%)
Figure 19 Asia-Pacific Software As A Service Market, By Industry (%)
Figure 21 Asia-Pacific Software As A Service Market, By Countries (%)
Figure 22 Row Software As A Service Market, By Deployment (%)
Continued…
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Market Research Future published a research report on “Software as a Service Market Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.Market OverviewAs per the analysis presented by Market Research Future (MRFR), the global software as a service market is predicted to grow exponentially in the forthcoming years.
The market is poised to strike a CAGR of 21% during the forecast period.
It has been estimated that the global software as a service market will reach a valuation of USD 117 Bn by the end of 2022.The developments and advancements adopted in the cloud technology have paved the way for software as a service across different industry verticals.
The convenience offered by the technology is one of the key factors responsible for driving the growth of the global market.Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/2003The subscription model of the software has revolutionized the adoption of technology in every sector and industry.
The growing dependency on technology has fueled the demand for software service solutions and is likely to propel the expansion of the software as a service market over the assessment period.
is likely to favor the proliferation of the Software as a Service Market.Key PlayersThe major players operating in the market of Software as a Service Market are- Salesforce (U.S.), LinkedIn (U.S.), Concur Technologies (U.S.), Workday, Inc. (U.S.), IBM Corporation (U.S), Oracle Corporation (U.S.), NetSuite Inc. (U.S.), Medidata Solutions (U.S.), ServiceNow, Inc. (U.S.), Microsoft Inc. (U.S.), Google Inc. (U.S.), Zuora (U.S.) among others.Segments:By deployment, the global software as a service market has been segmented into public cloud, private cloud, hybrid cloud, and community cloud.By end-user, the global software as a service market has been segmented into SMEs and large enterprises.By industry, the software as a service market has been segmented into IT & telecommunication, entertainment, BFSI, manufacturing, healthcare, and retail.Regional Analysis:The software as a service market, by region, has been segmented into North America, Europe, Asia, and the Rest of the World (ROW).
The global Software as a Service (SaaS) Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Software as a Service (SaaS) Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/software-as-a-service-saas-market/download-sampleMarket Dynamics The global software as a service (SaaS) market is projected to grow at a double-digit rate during the forecast period.
Rapid digitalization, flourishing businesses, and growing awareness about the benefit of using SaaS drive the global demand.
Businesses are seeking a paradigm due to a shift in operations and priorities, especially in developing economies of the APAC region.
Also, it helps an organization minimize its costs and maximize productivity.
