Global Software as a Service Market is expected to grow at compound annual growth rate of 21%

Global Software as a Service Market is expected to grow at compound annual growth rate of 21%

MRFR Press Release/- Market Research Future announced the publication of half cooked research report on Software as a Service Market. The global market for Software as a Service is majorly driven by factors such as easy access, convenience, fast and efficient operation among others. 


Market Highlights


Software as a Service market is growing tremendously owing to factors such as wide adoption of on-demand software in various industries and increase in number of startup companies in various domains around the world. SaaS is a delivery model which helps the user to utilize all the available feature of any program over cloud. This model also eliminates the licensing any software as companies provides the remote access to their clients over the internet. Fast and reliable, easy customization and low cost are some of the factors which is helping the market growth whereas factors such as believe in traditional software model and security loopholes are some of the drawbacks which is expected to restraint the market growth.


Software as s Service can be deployed on various platform. This report include detail study of platform such as public cloud, private cloud, hybrid cloud and community cloud. As of now, private cloud and public are showing major positive trend and companies are understanding the system of hybrid cloud. Community cloud holds the fourth position in the market.


This report also include the detailed study of end user segment. Market Research Future analysis show that SMEs are showing more interest in SaaS due to the subscription model and low cost whereas large enterprises area still developing the roadmap for adoption of SaaS models in their business environment.


The major players operating in the market of Software as a Service 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.) among others.


Market Research Future Analysis:


The Global Software as a Service Market is estimated to grow at US ~$117 billion by the end of forecast period with compound annual growth rate of ~21%. Countries such as U.S. U.K. Germany, Canada, Italy, France, China, Japan and India are some of the biggest revenue contributor in the global market. One Analyst from MRFR has quoted that “Currently, North America is dominating the market of Software as a Service and by looking at current scenario, it is expected that North America will continue to dominate the market throughout the forecast period” Europe holds second biggest market position whereas Asia-Pacific has emerged as fastest growing market due to the favorable startup environment in India and China. 


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 Components, Application, Technologies  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.


In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.


Contact:


Akash Anand,


Market Research Future


+1 646 845 9312


Email: akash.anand@marketresearchfuture.com

Leading companies partner with us for data-driven Insights.
Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo

Contact us and avail customized purchase options to meet your research needs. Get your queries resolved from an industry expert. Enquire before Buy

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.