NEW YORK, Dec. 8, 2021 /PRNewswire/ -- The SaaS will grow at a CAGR of 10.99% by 2024. This report offers key advisory and intelligence to help buyers identify and shortlist the most suitable suppliers for their SaaS requirements.
NEW YORK, Dec. 8, 2021 /PRNewswire/ -- The SaaS will grow at a CAGR of 10.99% by 2024. This report offers key advisory and intelligence to help buyers identify and shortlist the most suitable suppliers for their SaaS requirements.
Major PSaaS Trends in the SaaS Procurement Market
The pressure from substitutes and a moderate level of threat from new entrants has resulted in the moderate bargaining power of suppliers. This makes it extremely important to get the pricing and pricing model right. Buyers should align their preferred pricing models for SaaS with the wider industry and identify the cost-saving potential.
o Subscription-based pricing model
o Per transaction pricing model
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Will there be an Increase in the Spend Growth for SaaS Procurement?
The SaaS market will register an incremental spend of about USD 84 billion during the forecast period. However, only a few regions will drive the majority of this growth. Moreover, on the supply side, North America, Europe, and APAC will have the maximum influence owing to the supplier base. The growth is expected to be primarily driven by increasing demand and adoption of the category across those few regions. To get a detailed analysis of the volume drivers that are driving the adoption of the category across regions.
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