by The software as a service (SaaS) market size is poised to grow by USD 1,016.44 billion by 2032 from USD 276.11 billion in 2022, exhibiting a CAGR of 13.92% during the forecast period 2023-2032.
Key Takeaways:
- North America dominated the SaaS market in 2022 with a revenue share of 46%.
- By Component, the software segment has captured a revenue share of around 85% in 2022.
- By Deployment, the private cloud segment has generated a revenue share of around 44% in 2022.
- By enterprise size, the large enterprises segment has accounted revenue share of 62% in 2022.
Precedence Research has conducted a comprehensive market study that provides valuable insights into the performance of the market during the forecast period. The study identifies significant trends that are shaping the growth of the Software as a service (SaaS) market. In this recently published report, essential dynamics such as drivers, restraints, and opportunities are highlighted for both established market players and emerging participants involved in production and supply.
To begin with, the Software as a service (SaaS) Market report features an executive summary that offers a concise overview of the marketplace. It outlines the key players and industry categories expected to have an impact on the market in the coming years. The executive summary provides an unbiased summary of the market.
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Report Scope of the Software as a Service (SaaS) Market:
| Report Coverage | Details |
| Market Size in 2023 | USD 314.54 Billion |
| Market Size by 2032 | USD 1,016.44 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 13.92% |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Deployment, By Enterprise-size, By Component, By Application, and By End-User Industry |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Read More: Security Market Size To Gain USD 317.57 Bn by 2032
The empirical study on the global Software as a service (SaaS) market primarily focuses on the drivers in subsequent sections. It demonstrates how changing demographics are projected to influence the supply and demand dynamics in the Software as a service (SaaS) Market. Our market report for the Software as a service (SaaS) market also delves into the significant rules and regulations that are likely to impact the future growth of this sector. Moreover, in order to comprehend the underlying demand factors, industry experts have provided insights into its fundamental origins.
Key Market Players:
- Adobe Inc.
- Microsoft
- Alibaba Cloud
- IBM
- Google LLC
- Salesforce, Inc.
- Oracle
- SAP SE
- Rackspace Technology, Inc.
- VMware Inc.
- IONOS Cloud Inc.
- Cisco Systems, Inc.
- Atlassian
- ServiceNow
Data Sources and Methodology
To gather comprehensive insights on the Global Software as a service (SaaS) Market, we relied on a range of data sources and followed a well-defined methodology. Our approach involved interactions with industry experts and key stakeholders across the market’s value chain, including management organizations, processing organizations, and analytics service providers.
We followed a rigorous data analysis process to ensure the quality and credibility of our research. The gathered information was carefully evaluated, and relevant quantitative data was subjected to statistical analysis. By employing robust analytical techniques, we were able to derive meaningful insights and present a comprehensive overview of the Global Software as a service (SaaS) Market.
The most resonating, simple, genuine, and important causes because of which you must decide to buy the Software as a service (SaaS) market report exclusively from precedence research
- The research report has been meticulously crafted to provide comprehensive knowledge on essential marketing strategies and a holistic understanding of crucial marketing plans spanning the forecasted period from 2023 to 2032.
Key Features of the Report:
- Comprehensive Coverage: The report extensively encompasses a detailed explanation of highly effective analytical marketing methods applicable to companies across all industry sectors.
- Decision-Making Enhancement: It outlines a concise overview of the decision-making process while highlighting key techniques to enhance it, ensuring favorable business outcomes in the future.
- Articulated R&D Approach: The report presents a well-defined approach to conducting research and development (R&D) activities, enabling accurate data acquisition on current and future marketing conditions.
Market Segmentation:
By Deployment
- Public Cloud
- Private Cloud
- Hybrid Cloud
By Enterprise-size
- Small & Medium Enterprises
- Large Enterprises
By Component
- Software
- Services
By Application
- Customer Relationship Management (CRM)
- Human Capital Management
- Enterprise Resource Planning (ERP)
- BI & Analytics
- Content, Collaboration & Communication
- Others
By End-User Industry
- Banking, Financial Services & Insurance (BFSI)
- Healthcare
- Retail & Consumer Goods
- Manufacturing
- Education
- Travel & Hospitality
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Reasons to Consider Purchasing the Report:
- Enhance your market research capabilities by accessing this comprehensive and precise report on the global Software as a service (SaaS) market.
- Gain a thorough understanding of the overall market landscape and be prepared to overcome challenges while ensuring robust growth.
- Benefit from in-depth research and analysis of the latest trends shaping the global Software as a service (SaaS) market.
- Obtain detailed insights into evolving market trends, current and future technologies, and strategic approaches employed by key players in the global Software as a service (SaaS) market.
- Receive valuable recommendations and guidance for both new entrants and established players seeking further market expansion.
- Discover not only the cutting-edge technological advancements in the global Software as a service (SaaS) market but also the strategic plans of industry leaders.
Table of Content
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Software as a Service (SaaS) Market
5.1. COVID-19 Landscape: Software as a Service (SaaS) Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Software as a Service (SaaS) Market, By Deployment
8.1. Software as a Service (SaaS) Market, by Deployment, 2023-2032
8.1.1. Public Cloud
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Private Cloud
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Hybrid Cloud
8.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Software as a Service (SaaS) Market, By Enterprise-size
9.1. Software as a Service (SaaS) Market, by Enterprise-size, 2023-2032
9.1.1. Small & Medium Enterprises
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Large Enterprises
9.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Software as a Service (SaaS) Market, By Component
10.1. Software as a Service (SaaS) Market, by Component, 2023-2032
10.1.1. Software
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Services
10.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Software as a Service (SaaS) Market, By Application
11.1. Software as a Service (SaaS) Market, by Application, 2023-2032
11.1.1. Customer Relationship Management (CRM)
11.1.1.1. Market Revenue and Forecast (2020-2032)
11.1.2. Human Capital Management
11.1.2.1. Market Revenue and Forecast (2020-2032)
11.1.3. Enterprise Resource Planning (ERP)
11.1.3.1. Market Revenue and Forecast (2020-2032)
11.1.4. BI & Analytics
11.1.4.1. Market Revenue and Forecast (2020-2032)
11.1.5. Content, Collaboration & Communication
11.1.5.1. Market Revenue and Forecast (2020-2032)
11.1.6. Others
11.1.6.1. Market Revenue and Forecast (2020-2032)
Chapter 12. Global Software as a Service (SaaS) Market, By End-User Industry
12.1. Software as a Service (SaaS) Market, by End-User Industry, 2023-2032
12.1.1. Banking, Financial Services & Insurance (BFSI)
12.1.1.1. Market Revenue and Forecast (2020-2032)
12.1.2. Healthcare
12.1.2.1. Market Revenue and Forecast (2020-2032)
12.1.3. Retail & Consumer Goods
12.1.3.1. Market Revenue and Forecast (2020-2032)
12.1.4. Manufacturing
12.1.4.1. Market Revenue and Forecast (2020-2032)
12.1.5. Education
12.1.5.1. Market Revenue and Forecast (2020-2032)
12.1.6. Travel & Hospitality
12.1.6.1. Market Revenue and Forecast (2020-2032)
12.1.7. Others
12.1.7.1. Market Revenue and Forecast (2020-2032)
Chapter 13. Global Software as a Service (SaaS) Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Deployment (2020-2032)
13.1.2. Market Revenue and Forecast, by Enterprise-size (2020-2032)
13.1.3. Market Revenue and Forecast, by Component (2020-2032)
13.1.4. Market Revenue and Forecast, by Application (2020-2032)
13.1.5. Market Revenue and Forecast, by End-User Industry (2020-2032)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Deployment (2020-2032)
13.1.6.2. Market Revenue and Forecast, by Enterprise-size (2020-2032)
13.1.6.3. Market Revenue and Forecast, by Component (2020-2032)
13.1.6.4. Market Revenue and Forecast, by Application (2020-2032)
13.1.6.5. Market Revenue and Forecast, by End-User Industry (2020-2032)
13.1.7. Rest of North America
13.1.7.1. Market Revenue and Forecast, by Deployment (2020-2032)
13.1.7.2. Market Revenue and Forecast, by Enterprise-size (2020-2032)
13.1.7.3. Market Revenue and Forecast, by Component (2020-2032)
13.1.7.4. Market Revenue and Forecast, by Application (2020-2032)
13.1.7.5. Market Revenue and Forecast, by End-User Industry (2020-2032)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Deployment (2020-2032)
13.2.2. Market Revenue and Forecast, by Enterprise-size (2020-2032)
13.2.3. Market Revenue and Forecast, by Component (2020-2032)
13.2.4. Market Revenue and Forecast, by Application (2020-2032)
13.2.5. Market Revenue and Forecast, by End-User Industry (2020-2032)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Deployment (2020-2032)
13.2.6.2. Market Revenue and Forecast, by Enterprise-size (2020-2032)
13.2.6.3. Market Revenue and Forecast, by Component (2020-2032)
13.2.7. Market Revenue and Forecast, by Application (2020-2032)
13.2.8. Market Revenue and Forecast, by End-User Industry (2020-2032)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Deployment (2020-2032)
13.2.9.2. Market Revenue and Forecast, by Enterprise-size (2020-2032)
13.2.9.3. Market Revenue and Forecast, by Component (2020-2032)
13.2.10. Market Revenue and Forecast, by Application (2020-2032)
13.2.11. Market Revenue and Forecast, by End-User Industry (2020-2032)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Deployment (2020-2032)
13.2.12.2. Market Revenue and Forecast, by Enterprise-size (2020-2032)
13.2.12.3. Market Revenue and Forecast, by Component (2020-2032)
13.2.12.4. Market Revenue and Forecast, by Application (2020-2032)
13.2.13. Market Revenue and Forecast, by End-User Industry (2020-2032)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Deployment (2020-2032)
13.2.14.2. Market Revenue and Forecast, by Enterprise-size (2020-2032)
13.2.14.3. Market Revenue and Forecast, by Component (2020-2032)
13.2.14.4. Market Revenue and Forecast, by Application (2020-2032)
13.2.15. Market Revenue and Forecast, by End-User Industry (2020-2032)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Deployment (2020-2032)
13.3.2. Market Revenue and Forecast, by Enterprise-size (2020-2032)
13.3.3. Market Revenue and Forecast, by Component (2020-2032)
13.3.4. Market Revenue and Forecast, by Application (2020-2032)
13.3.5. Market Revenue and Forecast, by End-User Industry (2020-2032)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Deployment (2020-2032)
13.3.6.2. Market Revenue and Forecast, by Enterprise-size (2020-2032)
13.3.6.3. Market Revenue and Forecast, by Component (2020-2032)
13.3.6.4. Market Revenue and Forecast, by Application (2020-2032)
13.3.7. Market Revenue and Forecast, by End-User Industry (2020-2032)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Deployment (2020-2032)
13.3.8.2. Market Revenue and Forecast, by Enterprise-size (2020-2032)
13.3.8.3. Market Revenue and Forecast, by Component (2020-2032)
13.3.8.4. Market Revenue and Forecast, by Application (2020-2032)
13.3.9. Market Revenue and Forecast, by End-User Industry (2020-2032)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Deployment (2020-2032)
13.3.10.2. Market Revenue and Forecast, by Enterprise-size (2020-2032)
13.3.10.3. Market Revenue and Forecast, by Component (2020-2032)
13.3.10.4. Market Revenue and Forecast, by Application (2020-2032)
13.3.10.5. Market Revenue and Forecast, by End-User Industry (2020-2032)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Deployment (2020-2032)
13.3.11.2. Market Revenue and Forecast, by Enterprise-size (2020-2032)
13.3.11.3. Market Revenue and Forecast, by Component (2020-2032)
13.3.11.4. Market Revenue and Forecast, by Application (2020-2032)
13.3.11.5. Market Revenue and Forecast, by End-User Industry (2020-2032)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Deployment (2020-2032)
13.4.2. Market Revenue and Forecast, by Enterprise-size (2020-2032)
13.4.3. Market Revenue and Forecast, by Component (2020-2032)
13.4.4. Market Revenue and Forecast, by Application (2020-2032)
13.4.5. Market Revenue and Forecast, by End-User Industry (2020-2032)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Deployment (2020-2032)
13.4.6.2. Market Revenue and Forecast, by Enterprise-size (2020-2032)
13.4.6.3. Market Revenue and Forecast, by Component (2020-2032)
13.4.6.4. Market Revenue and Forecast, by Application (2020-2032)
13.4.7. Market Revenue and Forecast, by End-User Industry (2020-2032)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Deployment (2020-2032)
13.4.8.2. Market Revenue and Forecast, by Enterprise-size (2020-2032)
13.4.8.3. Market Revenue and Forecast, by Component (2020-2032)
13.4.8.4. Market Revenue and Forecast, by Application (2020-2032)
13.4.9. Market Revenue and Forecast, by End-User Industry (2020-2032)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Deployment (2020-2032)
13.4.10.2. Market Revenue and Forecast, by Enterprise-size (2020-2032)
13.4.10.3. Market Revenue and Forecast, by Component (2020-2032)
13.4.10.4. Market Revenue and Forecast, by Application (2020-2032)
13.4.10.5. Market Revenue and Forecast, by End-User Industry (2020-2032)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Deployment (2020-2032)
13.4.11.2. Market Revenue and Forecast, by Enterprise-size (2020-2032)
13.4.11.3. Market Revenue and Forecast, by Component (2020-2032)
13.4.11.4. Market Revenue and Forecast, by Application (2020-2032)
13.4.11.5. Market Revenue and Forecast, by End-User Industry (2020-2032)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Deployment (2020-2032)
13.5.2. Market Revenue and Forecast, by Enterprise-size (2020-2032)
13.5.3. Market Revenue and Forecast, by Component (2020-2032)
13.5.4. Market Revenue and Forecast, by Application (2020-2032)
13.5.5. Market Revenue and Forecast, by End-User Industry (2020-2032)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Deployment (2020-2032)
13.5.6.2. Market Revenue and Forecast, by Enterprise-size (2020-2032)
13.5.6.3. Market Revenue and Forecast, by Component (2020-2032)
13.5.6.4. Market Revenue and Forecast, by Application (2020-2032)
13.5.7. Market Revenue and Forecast, by End-User Industry (2020-2032)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Deployment (2020-2032)
13.5.8.2. Market Revenue and Forecast, by Enterprise-size (2020-2032)
13.5.8.3. Market Revenue and Forecast, by Component (2020-2032)
13.5.8.4. Market Revenue and Forecast, by Application (2020-2032)
13.5.8.5. Market Revenue and Forecast, by End-User Industry (2020-2032)
Chapter 14. Company Profiles
14.1. Adobe Inc.
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Microsoft
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Alibaba Cloud
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. IBM
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Google LLC
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Salesforce, Inc.
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Oracle
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. SAP SE
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Rackspace Technology, Inc.
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. VMware Inc.
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms
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