Software as a Service Market Size, Latest Trends, Scope, Competitive Analysis, Revenue and Forecast 2029
Global Software as a Service Market was estimated at USD 80.61 Billion in 2021, and is projected to reach USD 259.84 Billion by 2028, growing at a CAGR of 18.2 % over the analysis period.
SaaS is a software distribution model in which a cloud provider hosts application and makes them available to end users via the internet. An independent software vendor (ISV) may contract with a third-party cloud provider to host the application in this model. In the case of larger corporations, such as Microsoft, the cloud provider may also be the software vendor. SaaS is one of three major cloud computing categories, along with infrastructure as a service (IaaS) and platform as a service (PaaS). SaaS applications are used by a wide range of IT professionals, business users, and personal users.
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The latest research on the Global Software as a Service Market provides a comprehensive overview of the market for the years 2022 to 2028. It gives a comprehensive picture of the global Software as a Service industry, considering all significant industry trends, market dynamics, and competitive landscape. In addition, the analysis includes critical information on the Software as a Service Market status of the main market players, major trends, and future market development opportunities.
Leading Key Players Covered Software as a Service Market: -
· Avaya Inc.
· Hewlett Packard Enterprise Development LP
· IBM Corporation
· Epicor Software Corporation
· SAP SE
· Microsoft Corporation
· Accenture Plc.
· Google LLC
· Infor
· Tata Consultancy Services
· SYSPRO
· GitLab, Inc.
· Oracle Corporation
· Cisco Systems Inc
· Salesforce.com Inc. and Other Major Players.
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The Report Will Contains A Crucial Chapter
· Patent Analysis
· Regulatory Framework
· Technology Roadmap
· BCG Matrix
· Heat Map Analysis
· Price Trend Analysis
· Investment Analysis
· Company Profiling and Competitive Positioning
· Industry Value Chain Analysis
· Market Dynamics and Factors
· Porter’s Five Forces Analysis
· Pestle Analysis
· SWOT Analysis
Covid-19 Impact on Software as a Service Market
Working from home in virtual offices drove the demand for digital solutions as the pandemic gripped the world. When face-to-face sales were no longer possible, teams adapted to the new normal by going online. This new system of remote sales meetings via video calls, also known as digital prospecting, has the added benefit of saving time and money. As a result, SaaS companies like Zoom Video Communications and cloud communications platform Twilio profited financially.
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Segmentation of Software as a Service Market: -
By Deployment
· Public Cloud
· Private Cloud
· Hybrid Cloud
By Applications
· Customer Relationship Management
· Web conferencing
· Supply Chain Management
· Business Intelligence
· Enterprise Resource Planning
· Others
By End-Use Industry
· BFSI
· Retail
· Government
· Telecom
· Manufacturing
· Others
By Region
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest of SA)
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