Software
as a Service Market Research Report- Forecast till 2030
Market
Highlights
Software
as a Service is a cloud-based software delivery model in which software and
related data are centrally hosted and accessed by clients via a web browser.
The concept of software as a service enables users to access all the components
and functionality of the subscription model software and not without licensing
the product. In other terms, it is on-demand software that offers remote
software access to its users over the Internet.
As
per the analysis presented by Market Research Future (MRFR), the global software
as a service market is predicted to grow exponentially in the forthcoming
years. The market is poised to strike a CAGR of 17.3% during the forecast
period. It has been estimated that the global software as a service market will
reach a valuation of USD 381.21 Billion by the end of 2030.
The
growth of the IT industry is prognosticated to drive the expansion of the
software as a service market. Furthermore, factors such as high demand for data
analysis software, speed deployment, availability of customization, etc. is
likely to favor the proliferation of the software as a service market.
Get
a Sample @ https://www.marketresearchfuture.com/sample_request/2003
Segmentation:
The global market for software as a service has been segmented on
the basis of deployment, end-user, and Industry.
On the basis of deployment, the global market for software as a
service has been segmented into the public cloud, private cloud, hybrid cloud,
and community cloud.
On the basis of the end-user, the global software as a service
market has been segmented into SMEs and large enterprises, among others.
On the basis of Industry, the global market for software as a
service has been segmented into IT & telecommunication, entertainment,
BFSI, manufacturing, healthcare, retail, among others.
Regional Analysis
On the basis of region, the global software
as a service market has been segmented North America,
Europe, Asia Pacific, and the rest of the world.
North America dominates software as a service market due to
numerous factors such as – the involvement of significant companies gives North
American countries a strategic advantage, the rich entertainment industry, and
the strong acceptance of the on-demand software, among others. In addition, the
U.S. has emerged as a technologically developed country that is also supporting
the growth of the software as a service industry.
Europe stands second-largest in this market. Countries like the
United Kingdom, Germany, France, and Italy, which come under the umbrella of
developed countries, are creating a high demand for on-demand software for
various industries.
The
Asia Pacific emerged as the fastest-growing region. Emerging economies of
countries, new government policies to encourage start-ups and global attention
to the business climate are some of the main factors driving the SaaS market in
Asia Pacific.
Competitive
Analysis
Some of the key players profiled in the report are Salesforce
(U.S.), LinkedIn (U.S.), Concur Technologies (U.S.), Workday, Inc. (U.S.), IBM
Corporation (U.S), Oracle Corporation (U.S.), NetSuite Inc. (U.S.), Medidata
Solutions (U.S.), ServiceNow, Inc. (U.S.), Microsoft Inc. (U.S.), Google Inc.
(U.S.), Zuora (U.S.)
Industry News:
In December 2018, Fintech startup ‘YayPay’ has raised USD 8.4 Mn
for its software-as-a-service solution which focusses on the collection of
money from outstanding invoices.
In December 2018, GAN plc, a leading developer and supplier of
enterprise-level B2B Internet gaming software, has announced the launch of
Simulated Gaming Website for its Pearl River Resorts portfolio.
In
December 2018, Sargon Capital, a private equity firm, has acquired Decimal
Software, an Australian financial technology company. The transaction was worth
USD 5Mn.
Browse
Complete Report @ https://www.marketresearchfuture.com/reports/software-as-a-service-market-2003
Top Trending Reports By MRFR:
5G Market Research Report- Forecast 2027
https://nivitechnews.wordpress.com/2022/04/08/5g-market-forecast-global-trends-segments-and-growth-by-forecast-to-2027-covid-19-effects/
Customer Experience Management Market
Research Report - Global Forecast 2027
https://nivitechnews.wordpress.com/2022/04/08/customer-experience-management-industry-emerging-audience-segments-market-sales-profits-and-regional-study-covid-19-effects/
Risk Analytics Market Research Report-
Global Forecast 2027
https://nivitechnews.wordpress.com/2022/04/08/risk-analytics-market-forecast-key-players-share-future-perspective-emerging-technologies-and-analysis-by-forecast-covid-19-effects/
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel
the complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed
Research (CFR), and Market Research & Consulting Services.
MRFR
team have supreme objective to provide the optimum quality market research and
intelligence services to our clients. Our market research studies by products,
services, technologies, applications, end users, and market players for global,
regional, and country level market segments, enable our clients to see more,
know more, and do more, which help to answer all their most important
questions.
Contact:
Market
Research Future (Part of Wantstats Research and Media Private Limited)
99
Hudson Street, 5Th Floor
New
York, NY 10013
United
States of America
+1 628
258 0071 (US)
+44
2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website:
https://www.marketresearchfuture.com
Comments
Post a Comment