Executive Summary The Global SAAS Market is worth USD 130. 69 Billion by the year 2021. Organizations are expanding their borders to offer services to clients around the world as a result of rising corporate outsourcing and globalization.
New York, March 08, 2022 (GLOBE NEWSWIRE) – Reportlinker.com announced the release of the report “Global SAAS Market – Analysis By End User, Application, Deployment Model, Enterprise Size, By Region, By Country : Market Insights and Forecasts on the Impact of COVID -19 ” – https://www.reportlinker.com/p06243790/?utm_source=GNW
Organizations need reliable business data to enhance their worker investment strategies and identify potential issues and their causes. The widespread use of social media and instant messaging has prompted many businesses to use SaaS. To achieve cost efficiency and business continuity, Pandemic encouraged the use of on-demand, scalable cloud models. It gives businesses the strength they need to accelerate their digital business transformation initiatives. As a result, the use of SaaS and other cloud computing solutions is expanding.
Based on End User, the market is split into BFSI, Retail, Education, Healthcare, IT & Telecom and Others. The BFSI segment is expected to grow at a higher CAGR during the forecast period as investment in the SAAS Market grows this segment.
North America is estimated to hold the highest share in the global SAAS Market in 2021. During the forecast period, Asia-Pacific is set to be the fastest growing regional market. Furthermore, Asia-Pacific is seeing substantial growth as a result of various factors. Many factors have contributed to the rapid growth of SAAS markets in the Asia-Pacific. As businesses around the world use SaaS solutions for some business operations, the overall SaaS industry is likely to continue to grow. Customer resource management (CRM), corporate resource planning (ERP), web hosting, and eCommerce are just a few of the services available.
The growing use of smartphones, tablets, and laptops, increased public and hybrid cloud adoption, and increasing corporate outsourcing are the key drivers of the size of the SaaS market. Another factor driving market growth during the projection period was the increasing adoption of micro SaaS. As more organizations across the region aim to move their IT infrastructure to the cloud, strengthen business operations, and improve processes. The CRM segment is expected to hold approximately 34.96% of the global market share by the year 2027.
Report Scope
• The report analyzes the SAAS Market by Value (USD Billion)
• The report shows the analysis of SAAS Market for the historical period of 2017-2021 and the forecast period of 2022-2027
• The report analyzes the SAAS End User Market (BFSI, Retail, Education, Healthcare, IT & Telecom, Others)
• The report analyzes the SAAS Market by Application (Customer Relationship Management (CRM), Enterprise Resource Planning (ERP), Human Resource Management (HRM), Supply Chain Management (SCM), Others)
• The report analyzes the SAAS Market by Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud)
• The report analyzes the SAAS Market by Enterprise size (SME, Large)
• Global SAAS Market analyzed by Countries (United States, Canada, United Kingdom, Germany, France, Italy, Japan, China, India, South Korea)
• The main insights of the report are presented through the SWOT outlines and Porter’s Five Forces Analysis. Also, market attractiveness is demonstrated by region, by End User, by Application, by Deployment Model, by Enterprise Size.
• Also, the report analyzes the key opportunities, trends, drivers and challenges of the industry.
• The report tracks competitive developments, strategies, mergers and acquisitions and new product development. Companies reviewed in the report include – Microsoft Corporation, Salesforce, SAP SE, Oracle Corporation, Alphabet Inc., Adobe Inc., ServiceNow, Cisco Systems, Inc., Amazon.com, Inc., DocuSign, Inc.
Primary Target Audience
• SAAS Market Players
• IT/ITES Companies
• Consulting and Advisory Firms
• Government and Policy Makers
• Regulatory Authorities
Read the full report: https://www.reportlinker.com/p06243790/?utm_source=GNW
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