Global Software as a Service (SaaS) Market to Reach $441.26 Billion by 2026

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Sep 09, 2022, 06:00 ET

DUBLIN, Sept. 9, 2022 /PRNewswire/ -- The "Global Software as a Service (SaaS) Market, By Deployment Type (Public Cloud, Hybrid Cloud & Private Cloud), By Organization Size (SMEs & Large Enterprises), By Application, By End User, By Region, Competition Forecast and Opportunities, 2027" report has been added to ResearchAndMarkets.com's offering.

The Global Software as a Service (SaaS) Market stood at USD149.07 billion in 2021 and is expected to grow at a CAGR of 19.31% in the forecast period, to reach USD441.26 billion by 2027. Increasing investments for the development of IT infrastructure by leading authorities and market players, growing internet penetration and rise in the demand for data backup and security to protect critical information are the primary factors driving the growth of the Global Software as a Service (SaaS) Market in the forecast period.

Rapid digitalization of organizations is generating large volume of data. The cost-saving benefits of convenience of using the digital technology is proliferating the demand for various type of software for different purposes.

Software as a Service saves the software applications and critical information on cloud platform which eliminates the need to invest in purchasing and maintaining local infrastructure. They remove the need to manually back-up the data by allowing timely backups which ensures the data integrity and security in an organization. However, high implementation costs and difficulty in integrating hybrid infrastructure may hinder the growth of the Global Software as a Service (SaaS) Market in the forecast period.

Report Scope:

In this report, the Global Software as a Service (SaaS) Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Software as a Service (SaaS) Market, By Deployment Type

Public Cloud
Private Cloud
Hybrid Cloud

Software as a Service (SaaS) Market, By Organization Size

Large Enterprises
SMEs

Software as a Service (SaaS) Market, By Application

Customer Relationship Management
Content Communication & Collaboration
Business Intelligence/Analytics
Enterprise Resource Planning
Human Resource Management
Supply Chain Management
Others

Software as a Service (SaaS) Market, By End-User

IT & Telecom
BFSI
Healthcare
Education
Retail
Manufacturing
Government
Oil & Gas

Software as a Service (SaaS) Market, By Region

North America
United States
Canada
Mexico
Europe
United Kingdom
Germany
France
Italy
Spain
Asia-Pacific
China
Japan
India
South Korea
Singapore
South America
Brazil
Colombia
Argentina
Middle East & Africa
UAE
Saudi Arabia
South Africa

Key Topics Covered:

1. Software as a Service (SaaS): Service Overview

2. Research Methodology

3. Impact of COVID-19 on Global Software as a Service (SaaS) Market

4. Executive Summary

5. Voice of Customer

6. Global Software as a Service (SaaS) Market Outlook

7. North America Software as a Service (SaaS) Market Outlook

8. Europe Software as a Service (SaaS) Market Outlook

9. Asia-Pacific Software as a Service (SaaS) Market Outlook

10. South America Software as a Service (SaaS) Market Outlook

11. Middle East & Africa Software as a Service (SaaS) Market Outlook

12. Market Dynamics

13. Market Trends and Developments

14. Company Profiles

15. Strategic Recommendations

16. About the Publisher & Disclaimer

Companies Mentioned