SaaS Market
SaaS Market Overview
The report is titled ‘SaaS Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the SaaS market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The SaaS market is expected to grow at a significant rate in the near future.
The global SaaS market is estimated to reach a value of US$ 105.6 Bn by the end of 2020 and expected to reach at a value of US$ 269.8 Bn by 2028 with a significant CAGR of 12.5%
SaaS Introduction
In today’s business world, the software is pervasive and present all-over the universe, where software applications have the potential to assist us trace consignments across myriad countries, handle large inventories, prepare and instruct employees, and even assists in forming better working relationships with customers. For several decades, companies have operated software on their own computer networks or internal infrastructures. Over the last few years, the conventional software license purchases have commenced seeming outdated or obsolete, as numerous customers and vendors have shifted to software as a service business model.
Cloud computing is basically bifurcated into three components, i.e., Platform as a Service (PaaS), Infrastructure as a Service (IaaS), and Software as a Service (SaaS). Software as a service (SaaS) is a model of software deployment where an application is conducted as a service offered to customers across the Internet. By eliminating the requirement to install and operate an application on an individual's own computer system, it is observed as a way for businesses to get similar advantages as commercial software along with a lowered cost outlay. Furthermore, SaaS can assuage the affliction of software maintenance and support but users let go of the control over software requirements and versions.
SaaS Market Dynamics
Software-as-a-service (SaaS) is progressively evolving into a feasible alternative for organizations who are in search of functionality, accessibility, and versatility in a relentless and cutthroat business environment. The possibility for companies and organizations to run and operate SaaS software solutions as well as online data analysis without any need of installing the software on their own system to run and operate is majorly gaining momentum in the global markets. This way, these innovations, and advancements are gaining popularity every now and then. Owing to which, the global SaaS market is projected to rise higher in the forecast times.
Even though the worldwide IT spending might be low as economies and businesses suffer, the growth of the cloud is the shining spot, with spending on cloud estimated to jump higher year over year. Owing to the rising inclinations of various industries, including hospitality, retail, technology and communications, financial, and healthcare industry vertices towards revolutionizing their legacy IT structures wholly into a SaaS-based structure, the adoptions of SaaS are anticipated to propel expeditiously in the years to come. Attributing to which, the global SaaS market is projected to witness many breakthroughs in the forthcoming years.
The idea of software as a service authorizes its users to approach all the elements and attributes of software on a subscription model and thus, eliminating the need of licensing the product. Putting it in another way, SaaS is an on-demand software that offers a remote approach of software to its users over the online network. The rapidly developing IT industry and the huge demand for software for analysis and data management in several different domains are further accelerating the growth of the global software as a service market worldwide.
In addition to that, SaaS provides different attributes such as speed deployment, reduced cost, customization, and command over the data among others. Noticeably, licensing software is likely to incur a massive cost as well as expertise to oversee and operate. SaaS offers the attribute of simple accessibility along with speed deployment and many different customizations which makes it further easier to run and operate. Owing to which, the global SaaS market is estimated to witness significant growth in the coming years.
SaaS Market Segmentation
The global SaaS market is segmented on the basis of deployment, application, end-user, and region. The deployment segment of the SaaS market is divided into Public Cloud, Private Cloud, and Hybrid Cloud.
Furthermore, the end-user segment is divided into SMEs and Large Enterprises. On the basis of application, the market is segmented into Customer Relationship Management (CRM), Enterprise Resource Planning (ERP), Human Resource Management (HRM), Supply Chain Management (SCM), and Others (Business Intelligence, Compliance, Messaging and Collaboration, Web Conferencing platforms). On the basis of region, the SaaS market is segmented into six regions – North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
By Deployment
Public Cloud
Private Cloud
Hybrid Cloud
By Application
Customer Relationship Management (CRM)
Enterprise Resource Planning (ERP)
Human Resource Management (HRM)
Supply Chain Management (SCM)
Others
By End User
SMEs
Large Enterprises
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
SaaS Market Key Players
The global SaaS market is dominated by Salesforce, LinkedIn, Concur Technologies, Workday, Inc., IBM Corporation, Oracle Corporation, NetSuite Inc., Fujitsu Ltd., Medidata Solutions, ServiceNow, Inc., Microsoft Inc., Google Inc., Zuora, SAP SE, ADP LLC, among others.
MMC Overview on SaaS Market Report
The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the SaaS market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth include (but not restricted to):
New product designs and launches
Current product compliance
Reimbursement
Concerns for use of SaaS
Advantages of SaaS
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the global market.
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1. Global SaaS Market Report Overview
1.1. Introduction
1.2. Report Description
1.3. Methodology
2. Global SaaS Market Overview
2.1. Introduction
2.1.1. Introduction
2.1.2. Market Taxonomy
2.2. Executive Summary
2.3. Global SaaS Market Snapshot
2.4. Global SaaS Market Size And Forecast, 2020–2028
2.4.1. Introduction
2.4.2. Market Value Forecast And Annual Growth Rate (AGR) Comparison (2020–2028)
2.5. Global SaaS Market Dynamics
2.5.1. Drivers
2.5.2. Restraints
2.5.3. Opportunity
2.5.4. Trends
2.6. Key Regulations
2.7. Porter’s Five Forces Model
3. SaaS Technology Assessment and Analysis
3.1. Actions to encourage use of SaaS Technology
3.2. SaaS Promotional Strategy Recommendation
3.3. Road Map Analysis
3.4. GAP Analysis
3.5. Potential Analysis
4. Covid-19 Impact on SaaS Market in 2020
4.1. Impact Analysis of Covid-19 on the global SaaS market
4.2. Effect On Value Chain
4.3. Business Impact W.R.T Revenue
4.4. Fluctuation In Production
4.5. Volatility In Price
4.6. Effect On The Overall Trade
4.7. Market Impact Analysis In 2020 (Quarter Wise)
5. Global SaaS Market, By Deployment Type
5.1. Introduction
5.1.1. Annual Growth Rate Comparison, By Deployment Type
5.1.2. BPS Analysis, By Deployment Type
5.2. Market Revenue (US$Mn) Forecast, By Deployment Type
5.2.1. Public Cloud
5.2.2. Private Cloud
5.2.3. Hybrid Cloud
5.3. Global SaaS Market Attractiveness Index, By Deployment Type
6. Global SaaS Market, By Application
6.1. Introduction
6.1.1. Annual Growth Rate Comparison, By Application
6.1.2. BPS Analysis, By Application
6.2. Market Revenue (US$Mn) Forecast, By Application
6.2.1. Customer Relationship Management (CRM)
6.2.2. Enterprise Resource Planning (ERP)
6.2.3. Human Resource Management (HRM)
6.2.4. Supply Chain Management (SCM)
6.2.5. Others
6.3. Global SaaS Market Attractiveness Index, By Application
7. Global SaaS Market, By End User
7.1. Introduction
7.1.1. Annual Growth Rate Comparison, By End User
7.1.2. BPS Analysis, By End User
7.2. Market Revenue (US$Mn) Forecast, By End User
7.2.1. SMEs
7.2.2. Large Enterprises
7.3. Global SaaS Market Attractiveness Index, By End User
8. Global SaaS Market, By Region
8.1. Introduction
8.1.1. Annual Growth Rate Comparison, By Region
8.1.2. BPS Analysis, By Region
8.2. Market Revenue (US$Mn) Forecast, By Region
8.2.1. North America
8.2.2. Latin America
8.2.3. Europe
8.2.4. Asia Pacific
8.2.5. Middle East
8.2.6. Africa
8.3. Global SaaS Market Attractiveness Index, By Region
9. North America SaaS Market Analysis and Forecast, 2020–2028
9.1. Introduction
9.1.1. Annual Growth Rate Comparison, By Country
9.1.2. BPS Analysis, By Country
9.2. Market Revenue (US$Mn) Forecast, By Country
9.2.1. U.S. SaaS Market
9.2.2. Canada SaaS Market
9.3. North America SaaS Market, By Deployment Type
9.3.1. Public Cloud
9.3.2. Private Cloud
9.3.3. Hybrid Cloud
9.4. North America SaaS Market Revenue (US$Mn) Forecast, By Application
9.4.1. Customer Relationship Management (CRM)
9.4.2. Enterprise Resource Planning (ERP)
9.4.3. Human Resource Management (HRM)
9.4.4. Supply Chain Management (SCM)
9.4.5. Others
9.5. North America SaaS Market Revenue (US$Mn) Forecast, By End User
9.5.1. SMEs
9.5.2. Large Enterprises
9.6. North America SaaS Market Attractiveness Index
9.6.1. By Country
9.6.2. By Deployment Type
9.6.3. By Application
9.6.4. By End User
10. Latin America SaaS Market Analysis and Forecast, 2020–2028
10.1. Introduction
10.1.1. Annual Growth Rate Comparison, By Country
10.1.2. BPS Analysis, By Country
10.2. Market (US$Mn) Forecast, By Country
10.2.1. Brazil SaaS Market
10.2.2. Mexico SaaS Market
10.2.3. Argentina SaaS Market
10.2.4. Rest Of Latin America SaaS Market
10.3. Latin America SaaS Market, By Deployment Type
10.3.1. Public Cloud
10.3.2. Private Cloud
10.3.3. Hybrid Cloud
10.4. Latin America SaaS Market Revenue (US$Mn) Forecast, By Application
10.4.1. Customer Relationship Management (CRM)
10.4.2. Enterprise Resource Planning (ERP)
10.4.3. Human Resource Management (HRM)
10.4.4. Supply Chain Management (SCM)
10.4.5. Others
10.5. Latin America SaaS Market Revenue (US$Mn) Forecast, By End User
10.5.1. SMEs
10.5.2. Large Enterprises
10.6. Latin America SaaS Market Attractiveness Index
10.6.1. By Country
10.6.2. By Deployment Type
10.6.3. By Application
10.6.4. By End User
11. Europe SaaS Market Analysis and Forecast, 2020–2028
11.1. Introduction
11.1.1. Annual Growth Rate Comparison, By Country
11.1.2. BPS Analysis, By Country
11.2. Market (US$Mn) Forecast, By Country
11.2.1. U.K. SaaS Market
11.2.2. Germany SaaS Market
11.2.3. Italy SaaS Market
11.2.4. France SaaS Market
11.2.5. Spain SaaS Market
11.2.6. Russia SaaS Market
11.2.7. Poland SaaS Market
11.2.8. BENELUX SaaS Market
11.2.9. NORDIC SaaS Market
11.2.10. Rest Of Europe SaaS Market
11.3. Europe SaaS Market, By Deployment Type
11.3.1. Public Cloud
11.3.2. Private Cloud
11.3.3. Hybrid Cloud
11.4. Europe SaaS Market Revenue (US$Mn) Forecast, By Application
11.4.1. Customer Relationship Management (CRM)
11.4.2. Enterprise Resource Planning (ERP)
11.4.3. Human Resource Management (HRM)
11.4.4. Supply Chain Management (SCM)
11.4.5. Others
11.5. Europe SaaS Market Revenue (US$Mn) Forecast, By End User
11.5.1. SMEs
11.5.2. Large Enterprises
11.6. Europe SaaS Market Attractiveness Index
11.6.1. By Country
11.6.2. By Deployment Type
11.6.3. By Application
11.6.4. By End User
12. Asia Pacific SaaS Market Analysis and Forecast, 2020–2028
12.1. Introduction
12.1.1. Annual Growth Rate Comparison, By Country
12.1.2. BPS Analysis, By Country
12.2. Market (US$Mn) Forecast, By Country
12.2.1. China SaaS Market
12.2.2. India SaaS Market
12.2.3. Japan SaaS Market
12.2.4. Australia and New Zealand SaaS Market
12.2.5. South Korea SaaS Market
12.2.6. ASEAN SaaS Market
12.2.7. Rest of Asia Pacific SaaS Market
12.3. Asia Pacific SaaS Market, By Deployment Type
12.3.1. Public Cloud
12.3.2. Private Cloud
12.3.3. Hybrid Cloud
12.4. Asia Pacific SaaS Market Revenue (US$Mn) Forecast, By Application
12.4.1. Customer Relationship Management (CRM)
12.4.2. Enterprise Resource Planning (ERP)
12.4.3. Human Resource Management (HRM)
12.4.4. Supply Chain Management (SCM)
12.4.5. Others
12.5. Asia Pacific SaaS Market Revenue (US$Mn) Forecast, By End User
12.5.1. SMEs
12.5.2. Large Enterprises
12.6. Asia Pacific SaaS Market Attractiveness Index
12.6.1. By Country
12.6.2. By Deployment Type
12.6.3. By Application
12.6.4. By End User
13. Middle East SaaS Market, By Region
13.1. Introduction
13.1.1. Annual Growth Rate Comparison, By Country
13.1.2. BPS Analysis, By Country
13.2. Market (US$Mn) Forecast, By Country
13.2.1. GCC Countries SaaS Market
13.2.2. Israel SaaS Market
13.2.3. Rest Of Middle East SaaS Market
13.3. Middle East SaaS Market, By Deployment Type
13.3.1. Public Cloud
13.3.2. Private Cloud
13.3.3. Hybrid Cloud
13.4. Middle East SaaS Market Revenue (US$Mn) Forecast, By Application
13.4.1. Customer Relationship Management (CRM)
13.4.2. Enterprise Resource Planning (ERP)
13.4.3. Human Resource Management (HRM)
13.4.4. Supply Chain Management (SCM)
13.4.5. Others
13.5. Middle East SaaS Market Revenue (US$Mn) Forecast, By End User
13.5.1. SMEs
13.5.2. Large Enterprises
13.6. Middle East SaaS Market Attractiveness Index
13.6.1. By Country
13.6.2. By Deployment Type
13.6.3. By Application
13.6.4. By End User
14. Africa SaaS Market, By Region
14.1. Introduction
14.1.1. Annual Growth Rate Comparison, By Country
14.1.2. BPS Analysis, By Country
14.2. Market (US$Mn) Forecast, By Country
14.2.1. South Africa SaaS Market
14.2.2. Egypt SaaS Market
14.2.3. North Africa SaaS Market
14.2.4. Rest Of Africa SaaS Market
14.3. Africa SaaS Market, By Deployment Type
14.3.1. Public Cloud
14.3.2. Private Cloud
14.3.3. Hybrid Cloud
14.4. Africa SaaS Market Revenue (US$Mn) Forecast, By Application
14.4.1. Customer Relationship Management (CRM)
14.4.2. Enterprise Resource Planning (ERP)
14.4.3. Human Resource Management (HRM)
14.4.4. Supply Chain Management (SCM)
14.4.5. Others
14.5. Africa SaaS Market Revenue (US$Mn) Forecast, By End User
14.5.1. SMEs
14.5.2. Large Enterprises
14.6. Africa SaaS Market Attractiveness Index
14.6.1. By Country
14.6.2. By Deployment Type
14.6.3. By Application
14.6.4. By End User
15. Recommendation
15.1. Market Strategy
16. Competitive Landscape
16.1. Competition Dashboard
16.2. List and Company Overview of Global Key Players
16.3. Company Profiles
16.3.1. Salesforce
16.3.1.1. Company Overview
16.3.1.2. Financial Overview
16.3.1.3. Product Portfolio
16.3.1.4. SWOT Analysis
16.3.1.5. Key Developments
16.3.1.6. Business Strategies
16.3.2. LinkedIn
16.3.3. Concur Technologies
16.3.4. Workday, Inc.
16.3.5. IBM Corporation
16.3.6. Oracle Corporation
16.3.7. NetSuite Inc.
16.3.8. Fujitsu Ltd.
16.3.9. Medidata Solutions
16.3.10. ServiceNow, Inc.
16.3.11. Microsoft Inc.
16.3.12. Google Inc.
16.3.13. Zuora, SAP SE
16.3.14. ADP LLC
17. Acronyms
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Frequently Asked Questions
The global SaaS market is estimated to reach a value of US$ 105.6 Bn by the end of 2022 and expected to reach at a value of US$ 269.8 Bn by 2030 with a significant CAGR of 12.5%
The base year for the report is 2021 in SaaS market.
The global SaaS market is segmented on the basis of deployment, application, end-user, and region.
Salesforce, LinkedIn, Concur Technologies, Workday, Inc., IBM Corporation, Oracle Corporation, NetSuite Inc., Fujitsu Ltd., Medidata Solutions, ServiceNow, Inc., Microsoft Inc., Google Inc., Zuora, SAP SE, and ADP LLC are the key participating players in the market
