The increasing use of smart phones and app -based services, widespread use of public and hybrid cloud, and the growing trend of business outsourcing in the global economy are driving the growth of the global SaaS market. Based on deployment mode, the public cloud segment will have a large share in 2020. According to the region, on the other hand, Asia-Pacific will grow at the fastest CAGR by 2030.
/ EIN News/ – Portland, OR, March 14, 2022 (GLOBE NEWSWIRE) – According to a report published by Allied Market Research, the global SaaS market is expected to be estimated at $ 121.33 billion in 2020, and is expected to reach $ 702.19 billion by 2030, growing at a CAGR of 18.8% from 2021 to 2030. The report provides an in -depth analysis of top investment pockets, top winning strategies , drivers and opportunities, market size and estimates, competitive scenarios, and questionable market trends.
The increasing use of smart phones and app -based services, widespread use of public and hybrid cloud, and the growing trend of business outsourcing in the global economy are driving the growth of the global SaaS market. On the other hand, the excessive cost of implementing and maintaining SaaS platform solutions hinders growth to some extent. However, the increasing use of artificial intelligence (AI) and machine learning (ML) in industries such as BFSI, healthcare, and IT & telecom provides tremendous opportunities in the industry.
Download the Sample Report (364 Pages PDF with Insights) at: https://www.alliedmarketresearch.com/request-sample/15320
COVID-19 situation
- Many businesses around the world have increasingly adopted SaaS -based services due to strict lockdown restrictions imposed by governments of various countries, which have positively affected the global SaaS market.
- Moreover, companies are intensively focusing on advanced technologies such as artificial intelligence (AI), machine learning (ML), internet of things (IOT), cloud computing, and analytics in various industries, which have once again become useful for industry.
Get a detailed analysis of the impact of COVID-19 on the SaaS market: https://www.alliedmarketresearch.com/request-for-customization/15320
The global SaaS market is analyzed by solution type, deployment mode, business size, industry vertical and region.
By solution type, customer relationship management (CRM) will have the largest market share in 2020, capturing more than a quarter of the global market. The operations management segment, on the other hand, will show the fastest CAGR of 21.o% during the forecast period.
Through deployment mode, the public cloud segment will gain the highest market share in 2020, costing nearly three-fifths of the global software as a service market. The hybrid cloud segment, however, will cite the fastest CAGR of 20.0% during the forecast period.
According to the region, the market across North America will hold the lion’s share in 2020, capturing nearly two-fifths of the global market. The Asia Pacific region, on the other hand, shows the fastest CAGR of 22.0% during the forecast period by the end of 2030. Other provinces studied in the report include LAMEA and Europe.
Major market players analyzed in the global SaaS market include IBM Corporation, Microsoft, ServiceNow, SAP SE, Google LLC, Cisco Systems, Inc., Adobe Inc., Accenture Plc, Oracle Corporation and Salesforce.com, Inc. . Players in this market have incorporated several strategies including partnership, expansion, collaboration, joint ventures, etc. to strengthen their foothold in the industry.
For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/15320
Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at:
hthttps: //www.alliedmarketresearch.com/library-access
Avenue is a user-based global market report database library, providing comprehensive reports pertaining to the world’s largest emerging markets. It even offers e-access to all available industry reports in a snap. By offering key business insights into various industries, economies, and end users around the world, Avenue ensures that registered members get an easy as well as a gateway to them all. -of-inclusive requirements.
Avenue Library Subscription | Request a 14 -day free trial before purchasing:
https://www.alliedmarketresearch.com/avenueTrial
About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to help its clients make strategic business decisions and achieve sustainable growth in their respective market domains.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization towards providing high quality data and insights. We are in professional corporate relationships with various companies and this helps us in digging market data which helps us to build accurate research data tables and confirms the absolute accuracy of our market forecast. Every data presented in the reports published with us is obtained through key interviews with top officials from leading domain -related companies. Our second data acquisition methodology includes in -depth online and offline research and discussion with knowledgeable industry professionals and analysts.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter
.