Global SAAS Market

Global SAAS Market Size, Share, Growth Analysis, By Deployment(Public cloud, Private cloud), By Application Area(Customer Relationship Management (CRM), Enterprise Resource Planning (ERP)), By End User(Media & Entertainment, BFSI) - Industry Forecast 2024-2031

Report ID: SQMIG45B2028 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 96 | Figures: 76

Global SAAS Market News

  • In May 2022, In India, Amazon has launched Smart Commerce to assist retailers in creating their own online storefronts and providing in-store shopping experiences to walk-in customers.
  • In May 2022, IBM and Amazon Web Services signed a strategic collaboration agreement to deliver IBM Software as a Service on AWS. This first-of-its-kind collaboration between IBM and AWS will give clients rapid and easy access to IBM Software, which includes automation, data and AI, security, and sustainability capabilities. IBM Software is based on Red Hat OpenShift Service on AWS (ROSA) and operates cloud-native on AWS.
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global SAAS Market size was valued at USD 215.1 billion in 2019 and is poised to grow from USD 257.47 billion in 2023 to USD 1298.92 billion by 2031, growing at a CAGR of 19.7% in the forecast period (2024-2031).

To safeguard employee well-being and maintain operational efficiency, many companies across verticals have adopted the work-from-home paradigm, resulting in a surge in demand for Software-as-a-Service (SaaS)-based collaboration solutions. Because of the strong demand for collaboration solutions, Microsoft Team platform users have climbed to 44 million worldwide. While the standalone 8x8 Video Meetings cloud service saw a 300 % rise in registered users across 150 countries in early 2020. 'Salesforce.com, Inc.', 'Oracle Corporation', 'IBM Corporation', 'Microsoft Corporation', 'SAP SE', 'Google LLC', 'Adobe Inc.', 'ServiceNow, Inc.', 'Dropbox, Inc.', 'Slack Technologies, Inc.', 'Zoom Video Communications, Inc.', 'Box, Inc.', 'DocuSign, Inc.', 'Dropbox, Inc.', 'Workday, Inc.', 'Atlassian Corporation Plc', 'Shopify Inc.', 'Zoho Corporation Pvt. Ltd.', 'HubSpot, Inc.', 'Smartsheet Inc.'

The rising use of mobile devices and the growing use of artificial intelligence are major factors driving the market growth. Based on a statistic, 80% of industries use one or more SaaS products, and around 73% of all software are expected to be SaaS by 2021. Transporting to cloud software saves revenue and aids the companies to be more flexible.

Adoption of 5G has shown an exponential rise in the use of SAAS. The creation of wireless 5G networks could permit businesses and people to onboard prevalent SaaS products at a quick rate.

In 2021, North America dominated the market by a global revenue share of more than 40%. This can be attributed to the extensive adoption of additive manufacturing in North America. Several North American countries, including the US and Canada, have been early adopters of 3D printing technologies in various manufacturing processes. Meanwhile, Europe has the largest footprint geographically. It is home to a number of additive manufacturing industry players with strong technical expertise. Therefore, the European regional market is the second-largest.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

Global SAAS Market

Report ID: UCMIG45B2061 | Region: Global | Published Date: February, 2024 | Pages: 165 | Tables: Figures:

IoT Testing Market
Buy Now GET FREE SAMPLE
Global SAAS Market

Report ID: SQMIG45B2093 | Region: Global | Published Date: February, 2024 | Pages: 165 | Tables: 121 | Figures: 77

Global IT Operations Analytics Market
Buy Now GET FREE SAMPLE
Global SAAS Market

Report ID: UCMIG45B2019 | Region: Global | Published Date: February, 2024 | Pages: 165 | Tables: Figures:

Power Monitoring Market
Buy Now GET FREE SAMPLE
Global SAAS Market

Report ID: SQMIG45B2042 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 116 | Figures: 77

Global Autonomous Network Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global SAAS Market

Product ID: SQMIG45B2028

$5,300
BUY NOW GET FREE SAMPLE