Global Software-as-a-Service (SaaS) Market to Perceive Substantial Growth during 2018-2023


Posted January 8, 2019 by amarsasane

“Software-as-a-Service (SaaS) Market” report includes - Industry Future Trends, Growth Opportunity, Experts reviews and forecast period (2018-2022)

 
Global Software-as-a-Service (SaaS) Market overview:

Global Software-as-a-service (SaaS) Market is a kind of cloud computing in which a third-party provider manages applications and makes them accessible to consumers over the internet. It removes the need for organisations to install and run applications on their computers or in their data centres, which eliminates the cost of hardware acquisition, provisioning and maintenance as well as software licensing, installation and support. The Software-as-a-service market is anticipated to grow at a compound annual growth rate (CAGR) of 21.20% during the forecast period 2018-2023.

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The increasing business outsourcing and globalization are prompting the organizations to expand their boundaries to offer services to clients around the world. Organizations are looking for reliable business data to improve their workforce investment strategies and discover potential problems and their causes. The extensive use of social media and instant messaging has led to the adoption of SaaS among various enterprises.

The Global Software-as-a-service (SaaS) Market is segmented on the basis of Deployment, Application, vertical and Regions. Based on the Deployment Model, the SaaS market can be segmented into Public Cloud, Private Cloud and Hybrid Cloud. The Private Cloud and Public Cloud models are showing a positive trend in the market, and the companies are trying to employ the Hybrid Cloud Model in the recent future.

Depending on application, the SaaS market can be bifurcated into Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), Human Resource Management (HRM), Supply Chain Management (SCM) and others. Other application types include web conferencing platforms, messaging applications and collaborations. CRM has the largest market share for SaaS. Based on Vertical, the SaaS market can be segmented into Banking, Financial Services and Insurance (BFSI), Information Technology (IT) and Telecommunication, Manufacturing, Retail, Healthcare, Education and others. The BFSI segment continues to hold the largest market share in the vertical segment, and the manufacturing segment will be growing at a significant rate during the forecast period.

Regionally, North America has the largest market share in the global SaaS market. The main reason is the extensive use of SaaS-based solutions such as human capital management (HCM), office suites, emails and web conferencing. Asia-Pacific is anticipated to be the fastest growing region for the SaaS market, owing to the increasing number of SaaS vendors who provide continuous marketing, support and sales services to their clients.

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Major Key Players:

1 Symantec Corporation

2 Google Inc.

3 Fujitsu Ltd.

 4 Amazon.com Inc.

5 IBM Corporation

6 HP

7 Oracle Corporation

8 SAP SE

9 Microsoft Corporation

10 Salesforce.

Market segment by Regions/Countries, this report covers:

1 North America

2 Europe

3 Asia-Pacific

4 Latin America

5 Middle East

6 Africa

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Table of Contents:

Global Software-as-a-Service (SaaS) Market Report 2018

Chapter 1: Executive summary.

Chapter 2: Global SaaS market - market overview.

Chapter 3: North America SaaS market - market overview.

Chapter 4: Europe SaaS market - market overview.

Chapter 5: Asia-Pacific SaaS market - market overview.

Chapter 6: Latin America SaaS market - market overview.

Chapter 7: The Middle East and Africa SaaS market - market overview.

Chapter 8: Competitive landscape.

Chapter 9: Conclusion.

Chapter 10: Appendix.

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Last Updated January 8, 2019