Software as a Service (SaaS) Market Size, Share & COVID-19 Impact Analysis, By Deployment Type (Public Cloud, Private Cloud, and Hybrid Cloud), By Application (Customer Relationship Management, Enterprise Resource Planning, Content, Collaboration & Communication, Business Intelligence & Analytics, Human Capital Management, and Others), By Industry (BFSI, Retail & Consumer Goods, Healthcare, Education, Manufacturing, Travel & Hospitality, and Others) and Regional Forecast, 2021-2028
Fortune Business Insights published the latest research report on the Software as a Service Market . In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, theSoftware as a Service Market study demonstrates a detailed examination of the business state, which represents creative ways for company growth, financial factors such as production value, key regions, and growth rate.
- The Global Software as a Service Market was estimated to be valued at USD 113.82 Billion in 2020.
- The growth rate of the Global Software as a Service Market is 27.5 %, with an estimated value of USD 716.52 Billion by 2028.
- The Global Software as a Service Market is estimated to be worth USD 716.52 Billion by 2028.
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Report Details:
| ATTRIBUTE | DETAILS |
| Market Size Value in 2020 | USD 113.82 Billion |
| Growth Rate | CAGR of27.5 % from2021-2028 |
| Revenue forecast in 2028 | USD 716.52 Billion |
Driving Factor:
Increasing Investment made by End-use Enterprises to Drive Market Growth
The increasing investment made by end-use enterprises on the cloud-based solution is expected to drive the software as a service (SaaS) market growth in the upcoming years. For instance, a report by Gartner suggests that end users are spending for cloud application services is projected to reach around USD 102.80 billion in 2020.
Additionally, the prominent players in the software as a service market are focused on increasing their investment to advance their product portfolio. For Instance, In September 2020, Accenture Plc made an investment of USD 3.00 billion and launched Cloud First. This investment assisted users to gain access to Cloud-First across various industries and speed up their digital transformation to generate greater value at speed and scale.
This Report Answers the Following Questions:
- What are the Software as a Service Market growth drivers, hindrances, and dynamics?
- Which Software as a Service Market companies would lead the market by generating the largest revenue?
- How will the companies surge the processes adoption amid the COVID-19 pandemic?
- Which region and segment would dominate theSoftware as a Service Market in the coming years?
Major companies in Software as a Service Market Report are:
- Microsoft Corporation (New Mexico U.S.)
- Salesforce.com, Inc. (California, U.S.)
- Oracle Corporation (California, U.S.)
- IBM Corporation (New York, U.S.)
- Accenture Plc. (Ireland)
- OutSystems – Software em Rede, S.A. (Massachusetts, U.S.)
- Cisco Systems, Inc. (California, U.S.)
- Hewlett Packard Enterprise Company (Texas, U.S.)
- GitLab, Inc. (California, U.S.)
- Alphabet Inc. (Google LLC) (California, U.S.)
Pre-Post COVID-19 Impact on Global Software as a Service Market
COVID-19 is an infectious disease caused by the most recently discovered novel corona virus. Largely unknown before the outbreak began in Wuhan (China) in December 2019, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks.
In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the Software as a Service Market , since end-user industries were still not operating at their full capacity.
Secondary Research:
This research study made extensive use of secondary sources, directories, and databases such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global Software as a Service Market . Other secondary sources included company annual reports, press releases, and investor presentations, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Primary Research:
Various sources from both the supply and demand sides were interviewed during the primary research process to obtain qualitative and quantitative information for this report. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry. To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants.
Estimation of Market Size
The total size of the Software as a Service Market was estimated and validated using both top-down and bottom-up approaches. These methods were also widely used to estimate the size of various market sub segments. The following research methodologies were used to estimate market size:
Extensive secondary research was used to identify the industry’s key players.
The revenues generated by the market’s leading players in molecular diagnostics have been determined through primary and secondary research.
All percentage shares, splits, and breakdowns were calculated using secondary sources and confirmed using primary sources.
KEY QUESTIONS ANSWERED:
- What is the Software as a Service Market size and growth rate of the global and regional market by various segments?
- What is the Software as a Service Market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the Software as a Service Market growth?
- What are the key technological and market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest Software as a Service Market share?
Key Questions Answered in this Report
1) What were the pre and post-business impacts of COVID-19 on the Software as a Service Market ?
2) What is the market size, share?
3) Who are the top key players in the market?
4) What will be the future market of the Software as a Service Market ?
Key Offerings:
- Software as a Service Market Size and Forecast by Revenue | 2022−2029
- Software as a Service Market Dynamics Leading trends, growth drivers, restraints, and investment opportunities
- Market Segmentation A detailed analysis by product, by types, end-user, applications, segments, and geography
- Competitive Landscape Top key vendors and other prominent vendors
Table of Contents with Major Points:
1.Executive Summary
1.1. Market Snapshot
1.2. Global and Segmental Market Estimates and Forecasts, 2018-2029 (USD Billion)
1.2.1. Software as a Service Market , by Region, 2018-2029 (USD Billion)
1.2.2. Software as a Service Market , by Type, 2018-2029 (USD Billion)
1.2.3. Software as a Service Market , by Application, 2018-2029 (USD Billion)
1.2.4. Software as a Service Market , by Verticles, 2018-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
2.Global Software as a Service Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition and Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
3.Global Software as a Service Market Dynamics
3.1. Software as a Service Market Impact Analysis (2018-2029)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
4.Global Software as a Service Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2029)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation and Conclusion
5.Global Software as a Service Market , by Type
5.1. Market Snapshot
5.2. Global Software as a Service Market by Type, Performance Potential Analysis
5.3. Global Software as a Service Market Estimates and Forecasts by Type 2018-2029 (USD Billion)
5.4. Software as a Service Market , Sub Segment Analysis
6.Global Software as a Service Market , by Application
6.1. Market Snapshot
6.2. Global Software as a Service Market by Application, Performance Potential Analysis
6.3. Global Software as a Service Market Estimates and Forecasts by Application 2018-2029 (USD Billion)
6.4. Software as a Service Market , Sub Segment Analysis
6.4.1. Others
7.Global Software as a Service Market , by Verticles
7.1. Market Snapshot
7.2. Global Software as a Service Market by Verticles, Performance Potential Analysis
7.3. Global Software as a Service Market Estimates and Forecasts by Verticles 2018-2029 (USD Billion)
7.4. Software as a Service Market , Sub Segment Analysis
8.Global Software as a Service Market , Regional Analysis
8.1. Software as a Service Market , Regional Market Snapshot
8.2. North America Software as a Service Market
8.3. Europe Software as a Service Market Snapshot
8.4. Asia-Pacific Software as a Service Market Snapshot
8.5. Latin America Software as a Service Market Snapshot
8.6. Rest of The World Software as a Service Market
9.Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Keyplayer1
9.2.1.1. Key InDurationation
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
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