USD 99.99 billion in Software As A Service (SaaS) Market Size with 52% of the contribution from North America – 17,000+ Technavio Research Reports

NEW YORK, Aug. 31, 2022 /PRNewswire/ — The “Software As A Service (SaaS) Market Forecast and Analysis 2021-2025” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the SaaS market between 2020 and 2025 is USD 99.99 billion, as per the latest market analysis report by Technavio. The report predicts the market to witness an accelerating growth momentum at a CAGR of 11%. Technavio categorizes the global software as a service (SaaS) market as a part of the global application software market. Our report provides extensive information on the value chain analysis for the software as a service (SaaS) market, which vendors can leverage to gain a competitive advantage during the forecast period. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period. The increasing use of AI-enabled SaaS will significantly drive the growth of the market. In addition, the increasing use of vertical SaaS is one of the primary software as a service market trends. However, the issues associated with system integration will be a major challenge for the software as a service (SaaS) market during the forecast period.

For more insights on the scope, market dynamics and value chain analysis, Read a FREE Sample Report

The software as a service (SaaS) market report is segmented by Deployment (Public cloud, Private cloud, and Hybrid cloud) and Geography (North America, Europe, APAC, South America, and MEA). 

• Regional Opportunities: 52% of the market’s growth will originate from North America during the forecast period. The US is the key market for software as a service (SaaS) market in North America. Market growth in this region will be slower than the growth of the market in the South American, MEA and APAC regions. Due to digitalization, various companies and organizations from this region are adopting SaaS solutions. This will facilitate the software as a service market growth in North America over the forecast period.
• Revenue-generating Segment Highlights: The software as a service (SaaS) market share growth in the public cloud segment will be significant during the forecast period. The public cloud delivers IT services over the Internet or through virtualization. Such IT services are offered by third-party providers. They are available to multi-tenants that want to use or purchase them. Vendors offer such services on a subscription-based model based on the computing resources consumed.  The public cloud segment is growing as various SMEs have embraced public SaaS. Public SaaS offers a wide scope for data recovery. It also provides software programs with the necessary functionality, so the user simply needs to log in and access the software.

Download FREE Sample PDF Report for segment-wise contributions and regional opportunities.

• Accenture Plc: The company offers software as a service in three areas such as providing systems integration and technology services for clients seeking to implement third party SaaS solutions, assisting clients with planning, developing, and hosting their own SaaS applications to offer to their customers, and building, hosting and running own SaaS solutions.
• Adobe Inc.: The company offers software as a Service under the brand, Adobe Creative Cloud.
• Alphabet Inc.: The company offers software as a service through Google Cloud
• Amazon.com Inc.: The company offers Software as a Service through its subsidiary, Amazon Web Services Inc.
• Hewlett Packard Enterprise Development LP: The company offers HPE OneSphere, a SaaS-based multi-cloud management solution for on-premises and public clouds
• International Business Machines Corp.
• Microsoft Corp.
• Oracle Corp.
• Salesforce.com Inc.
• SAP SE
• Access vendor-specific profiles and their product offerings in this PDF Sample

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• Executive Summary
• Market Landscape
• Market Sizing
• Five Forces Analysis
• Market Segmentation by Deployment
• Customer landscape
• Geographic Landscape
• Vendor Landscape
• Vendor Analysis
• Appendix

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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