Global Software as a Service Market, By Deployment Model (Private Cloud, Public Cloud, Hybrid Cloud), Organization Size (Large Enterprises, SMEs), Application (CRM, ERP, Operations & Manufacturing, BIM, Web Conferencing, ECM, Enterprise Asset Management, HCM, UC&C, Finance & Accounting, Structured Data Management, Collaboration, Security, System/Network Management, Engineering, Storage Software, Application Server Middleware, Integration & Process Automation Middleware, Quality & Lifecycle Tools, Business Process Management, HRM, SCM, Others), End-Users (Manufacturing, BFSI, Healthcare, Travel & Hospitality, Retail, Government, Utilities, IT & Telecommunications, Education, Professional Services, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The software as a service market is expected to witness market growth at 15.15% in the forecast period of 2021 to 2028. Data Bridge Market Research report on software as a service market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on its growth. The increase in demand for the service across various industries is escalating the growth of software as a service market.
The software as a service market refers to the type of service that is comprised of a collection of software for cloud computing offered by a third-party IT organization via internet. These services tend to get delivered in a certain model to the consumers availing the subscription service for the software. This service is usually hosted centrally from the hosting provider and customer on-demand is provided the collective service.
The rapid digitization across various industries acts as one of the major factors driving the growth of software as a service market. The utilization of the service to eradicate the requirement of integrating the software as an application on their individual servers resulting in the reduction of deployment cost and rise in adoption owning to better deployment with unique customized offerings, accelerate the market growth. The high utilization of smartphones, tablets, and workstations, expanding public and cross breed cloud selection, corporate sector and rise in demand from various end-users to reduce their organizational costs while availing equally effective services further influence the market. Additionally, high software usage for various applications, urbanization and digitization and high adoption of cloud computing positively affect the software as a service market. Furthermore, an increase in demand for miniature SaaS extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, a rise in security and infrastructural concerns associated with the protection is expected to obstruct market growth. The issues with unstructured information and the danger of coordinated assaults are projected to challenge the software as a service market in the forecast period of 2021-2028.
This software as a service market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on software as a service market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Software as a Service Market Scope and Market Size
The software as a service market is segmented on the basis of deployment mode, organization size, application and end users. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of deployment type, the software as a service market is segmented into private cloud, public cloud and hybrid cloud.
- On the basis of organization size, the software as a service market is segmented into large enterprises and SMEs.
- On the basis of application, the software as a service market is segmented into CRM, ERP, operations & manufacturing, BIM, web conferencing, ECM, enterprise asset management, HCM, UC&C, finance & accounting, structured data management, collaboration, security, system/network management, engineering, storage software, application server middleware, integration & process automation middleware, quality & lifecycle tools, business process management, HRM, SCM and others. Others are further segmented into messaging applications, risk & compliance management, product lifecycle management (PLM) and enterprise performance management (EPM).
- On the basis of end users, the software as a service market is segmented into manufacturing, BFSI, healthcare, travel & hospitality, retail, government, utilities, IT & telecommunications, education, professional services and others.
Global Software as a Service Market Country Level Analysis
The software as a service market is analyzed and market size, volume information is provided by country, deployment mode, organization size, application and end users as referenced above.
The countries covered in the global software as a service market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the software as a service market due to the rich media outlets and high reception of on-request programming. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the region's developing business sector and economic growth.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Software as a Service Market Share Analysis
The software as a service market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to software as a service market.
The major players covered in the software as a service market report are Symantec Corporation, Google, FUJITSU, Amazon Web Services, Inc., Freshworks Inc., IBM Corporation, HP Development Company, L.P., Micro Focus, Oracle, Adobe, Cisco Systems, Inc., Xero Limited, TABLEAU SOFTWARE, SAP SE, Microsoft, Salesforce.com, inc., Workday, Inc., Infor, Avaya Inc., Epicor Software Corporation, RACKSPACE US, INC., ServiceNow, Zuora Inc., ADP, LLC. and Blackboard Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Software as a Service Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.