Software as a service saas marketÂ Share, Size, Trends, & Industry Analysis Report 2019-2026
Published Date:21 May 2020
Category:ICT & Telecom
Impact Analysis on the Growth of Market
Activating Probable Propositions Amidst COVID-19 Crisis
With things going haywire, we analyze key points to make sure that the businesses around the globe are completely prepared to tackle potential implications caused by COVID-19. Be it protecting employees, customers or the overall business operations, we ensure that the employers take the right decisions, make strategic investments and maintain a healthy work culture along with taking probable measures to minimize the financial loss. Know More
The SaaS industry has been growing viral as the demand for SaaS applications, SaaS products, and the SaaS platform is gaining acceptance in small, medium and large enterprises worldwide.
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.
Moreover, there are several SaaS vendors who offer IT infrastructure software or applications, for which cloud-based or SaaS subscriptions are also provided. The report does not include the SaaS market for such applications. Some examples of the type of applications include virtualization software, middleware, application integration, content delivery solutions and more.
The cost-effective nature of vertical SaaS is increasing its adoption among various enterprises. Vertical SaaS solutions also enable enterprises to generate industry-specific customer data and intelligence. Moreover, vendors are focusing on customizing vertical SaaS solutions to provide features that cater to the needs of the client and the specific industry. This will allow enterprises to address customer needs within their niche effectively. It will also improve their flexibility and upselling opportunities as well as reduce customer acquisition costs. Therefore, the use of virtual SaaS solutions is increasing, which is expected to fuel the global SaaS market growth during the forecast period.
Market by Cloud Deployment Type
Market by Application
*Customer relationship management (CRM)
*Operations and manufacturing
*Enterprise resource planning (ERP)
*Content management systems
*Human capital management (HCM)
*Supply chain management
*Others (system or network management, structured data management, and security management)
Market by End-users
*Small and mid-sized businesses (SMBs)
By Regional Ananlysis
*Rest of Europe
*Rest of Asia-Pacific
*Rest of LATAM
Middle East & Africa
*Rest of MEA