PUBLISHER: TechNavio | PRODUCT CODE: 1502301
PUBLISHER: TechNavio | PRODUCT CODE: 1502301
The software as a service (SaaS) market is forecasted to grow by USD 423.2 bn during 2023-2028, accelerating at a CAGR of 21.21% during the forecast period. The report on the software as a service (SaaS) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by augmenting use of mobile apps, increasing use of AI-enabled SaaS, and rising need for API connections.
Technavio's software as a service (SaaS) market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 18.14% |
CAGR | 21.21% |
Incremental Value | $423.2bn |
By Deployment
By End-user
By Geography
This study identifies the increasing use of vertical saas as one of the prime reasons driving the software as a service (saas) market growth during the next few years. Also, rising use of micro SaaS and increasing strategic partnerships and M and A between market participants will lead to sizable demand in the market.
The report on the software as a service (SaaS) market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading software as a service (SaaS) market vendors that include Accenture Plc, Adobe Inc., Alphabet Inc., Amazon.com Inc., BetterCloud Inc., Box Inc., Cisco Systems Inc., Convedo Ltd., Fujitsu Ltd., Hewlett Packard Enterprise Co., Infosys Ltd., International Business Machines Corp., Intuit Inc., Microsoft Corp., Oracle Corp., Salesforce Inc., SAP SE, ServiceNow Inc., Shopify Inc., and Zendesk Inc.. Also, the software as a service (SaaS) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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