Software As A Service (SaaS) Global Market Report 2022: Market Size, Trends, And Forecast To 2026
Business Research Company’s Software As A Service (SaaS) Global Market Report 2022: Market Size, Trends, And Forecast To 2026
LONDON, GREATER LONDON, UK, October 21, 2022 /EINPresswire.com/ — Reports have been updated on the latest impact of the Ukraine-Russia War on market growth for all 27+ industries. The reports also provide possible solutions and opportunities to survive this crisis.
According to The Business Research Company’s “Software as a service (SaaS) Global Market Report 2022”, the SaaS market will grow from $212.2 billion in 2021 to $242.57 billion in 2022 at a compound annual growth rate (CAGR) of 14.3%. The Russia-Ukraine war has delayed the chances of a global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries led to economic sanctions in many countries, increased commodity prices, and supply chain disruptions, affecting many markets around the world. According to TBRC’s software as a service (SaaS) market research, the market is expected to grow to $356.6 billion by 2026 at a CAGR of 10.1%. Rapidly changing business dynamics in the market is expected to benefit the SaaS market during the forecast period as cloud-based solutions support business operations in changing conditions.
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Key Trends In The Software as a service (SaaS) Market.
The introduction of artificial intelligence is gaining popularity in the SaaS market. Artificial Intelligence (AI) is an area of computer science that focuses on the simulation of human intelligence processes by machines. AI in SaaS helps companies upgrade themselves periodically with the latest data, create a better user experience through predictive analytics, automate areas where manuals were previously required function and personalize user interface features.
Software as a service (SaaS) Market Overview.
The software as a service (SaaS) market consists of sales of cloud-based software services. SaaS is a software solution that can be purchased on a subscription or pay-per-use basis to use an application for organizational purposes and customers can access this application over the internet, primarily through a web browser. All application data and software are located in the data center of the service provider. SaaS enables an organization to run an application at minimal upfront cost and accelerates the organization’s overall functionality.
Learn more about the global SaaS market report at:
https://www.thebusinessresearchcompany.com/report/software-as-a-service-global-market-report
The Software as a service (SaaS) Global Market Report 2022 from TBRC covers the following information:
Market Size Data
• Forecast Period: History and Future
• By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• By countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Market Segmentation
• By Application: Customer Relationship Management (CRM), Enterprise Resource Planning (ERP), Human Resource Management (HRM), Manufacturing and Operations, Supply Chain Management (SCM)
• By Deployment Model: Public Cloud, Private Cloud, Hybrid Cloud
• By Enterprise Size: Small & Medium Enterprises (SMEs), Large Enterprises
• By End User: Manufacturing, Retail, Education, Healthcare, IT & Telecom, BFSI, Others
• By Geography: The global SaaS market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America holds the largest market share.
Major market players such as Salesforce, ServiceNow, Microsoft, Google, Cisco, Slack, Adobe, Oracle, Amazon AWS, DocuSign, Zendesk, Dropbox, ADP, Atlassian Confluence, Shopify, Workday, Hubspot, SAP, IBM, Box, Concur , JIRA , GitHub, GoToMeeting, Twilio, CoupaSoftware, Xero and Zuora.
Trends, opportunities, strategies and much more.
The Software as a service (SaaS) Global Market Report 2022 is one of The Business Research Company’s comprehensive reports that provides an overview of the SaaS market. The market report provides software as a service (SaaS) market analysis and software as a service (SaaS) market forecast market size, SaaS market growth drivers, SaaS market segments , major SaaS market players, SaaS market growth by geographies, and SaaS market competitors’ revenue and market positioning. The software as a service (SaaS) market report enables you to gain insights into opportunities and strategies, as well as identify countries and segments with the highest growth potential.
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About The Business Research Company?
The Business Research Company has published more than 3000 industry reports, covering more than 3000 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.
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