November 25, 2020

Software as a Service (SaaS) Market Forecast 2020 – 2027 Top Key Players Analysis

The GMI Research’s market research report is a professional and in-depth study on the current state of the market, which covers numerous aspects of the industry, such as the market size, market status, market trends, and forecast. The market report also offers brief information related to the competitors and the specific growth opportunities with key market drivers.

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The Software as a Service (SaaS) Market drivers and trends are as follows:

The growing use of smartphones, laptops, and tablets, rising adoption of public and hybrid cloud, and the increasing business outsourcing are key drivers that are surging the growth of the global Software as a Service market. The rising penetration of instant messaging applications, video calls, and emails is growing the demand for smart devices such as smartphones and tablets among the end-users. Thus, the increasing demand among the consumers who are actively looking for software with remote access option at a reduced price will lead to an upsurge in demand for SaaS solutions globally.

The increasing usage of mobile apps for food delivery, healthcare services, and payments will propel the demand for SaaS-based mobile apps as it is easy to use and cost-efficient. The emerging trend of business outsourcing and rapid globalization is promoting enterprises to expand their global footprint to capture the growing demand of the consumers. Various organizations are looking for reliable business data software to improve their workforce investment strategies and to discover potential problems and their solution, thus bolstering the growth of the market. In addition to this, the rising adoption and integration of Artificial intelligence (AI) with SaaS as it enhances security level and provides features such as easy customization at minimum cost, will attract many end-users towards the market. SaaS offers numerous benefits such as reduced license costs of hardware and software, decreases the time spent in installation and configuration. It also provides scalability, accessibility, compatibility, and easy installation and upgradation features. On the other hand, the increasing data security concerns and complexity with regulations compliance are hampering the market growth.

Key Benefits of the Report:

  • This report offers an analytical depiction of the Software as a Service (SaaS) market while providing the current trends and future estimations to determine the imminent investment pockets.
  • This study illustrates every relevant information, including the market drivers, restraints, and emerging opportunities, followed by a detailed analysis of the Software as a Service (SaaS) market share.
  • The report also provides a detailed Software as a Service (SaaS) market analysis based on competitive intensity and how the competition will take shape over the next six years.

Various companies covered in the Software as a Service (SaaS) Market report:

  • IBM Corporation
  • Microsoft Corporation
  • SAP SE
  • Oracle Corporation
  • Salesforce.com, Inc.
  • Cisco Systems, Inc.
  • Amazon Web Services Inc.
  • Hewlett Packard Enterprise Development LP
  • Infor, Inc.
  • VMware, Inc.
  • SolutionsDots Systems ltd.
  • Symantec Corporation

Segmentation of the Software as a Service (SaaS) Market:

Breakup by End-User:

  • Manufacturing
  • Healthcare
  • IT & Telecom
  • Retail
  • Education
  • Government
  • BFSI
  • Oil & Gas

Breakup by Application:

  • Customer Relationship Management (CRM)
  • Human Resource Management (HRM)
  • Financial Management
  • Sales Management
  • Enterprise Resource Planning (ERP)
  • Supply Chain Management

Breakup by Deployment Type:

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

Breakup by Organisation Size:

  • Small and Medium Enterprises
  • Large Enterprises

Breakup by Region:

  • North America

o United States of America

o Canada

  • Asia Pacific

o China

o Japan

o India

o Rest of APAC

  • Europe

o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

  • RoW

o Brazil

o South Africa

o Saudi Arabia

o UAE

o Rest of the world (remaining countries of the LAMEA region)

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