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Software as a Service (SaaS) Market by Deployment and Geography - Forecast and Analysis 2022-2026

  • Published: Aug 2022
  • Pages: 147
  • SKU: IRTNTR70532
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“The Software as a Service (SaaS) Market is poised to grow by USD 147.44 billion during 2022-2026, accelerating at a CAGR of 11.41% during the forecast period”

Technavio market report provides a holistic analysis, market size and forecast, trends, growth drivers, challenges, and vendor analysis covering around 15 vendors. Furthermore, this report extensively covers software as a service (SaaS) market segmentation by deployment (public cloud, private cloud, and hybrid cloud) and geography (North America, Europe, APAC, South America, and Middle East and Africa).  The market report also offers information on several market vendors, including Accenture Plc, Adobe Inc., Alphabet Inc., Amazon.com Inc., BetterCloud Inc, Box Inc, Cisco Systems Inc., Convedo Ltd., EdgeVerve Systems Ltd., Fujitsu Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., Intuit Inc., Microsoft Corp., Oracle Corp., Salesforce Inc., SAP SE, ServiceNow Inc., Shopify Inc., and Slack Technologies Inc among others.

What will the Software as a Service (SaaS) Market Size be During the Forecast Period?

Software as a Service (SaaS) Market Size

Download Report Sample to Unlock the Software as a Service (SaaS) Market Size for the Forecast Period and Other Important Statistics

Parent Market Analysis

Our Technavio Research categorizes the report belonging to the Software Industry for the market. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions.

Software As A Service (SaaS) Market: Key Drivers, Trends, and Challenges

Technavio Research categorizes the global Software as a Service (SaaS) Market belonging to the Application Software Industry. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the forecast year.

The market is extremely competitive with all sizes of businesses, including large, medium, and small-sized companies vying to monopolize the market. The tremendous development in various fields such as product innovations and new product launches by manufacturers operating in the market will drive the growth further.

Key Software As A Service (SaaS) Market Driver

  • The increasing use of AI-enabled SaaS will significantly drive the growth of the market.
  • AI-enabled SaaS solutions allow end-user enterprises to obtain better value from their data.
  • Enterprises can provide personalized and automated services to their customers through live chatbots, which are AI-powered SaaS.
  • AI-enabled SaaS also quickens internal processes and operations. AI-enabled SaaS has improved security because it can generate a quick response to a potential threat.
  • The benefits enable enterprises to improve their internal operations. The benefits will further increase the use of AI-enabled SaaS, which will boost the growth of the SaaS market.

Key Software As A Service (SaaS) Market Trend

  • The increasing use of vertical SaaS is one of the primary software-as-a-service market trends.
  • Vertical SaaS is suitable for specific industries such as retail, insurance, and auto manufacturing. Industry-specific vertical SaaS is cost-effective and can refine customization. It can generate industry-specific customer data and intelligence, which are essential for enterprises to cater to customer needs within their niche.
  • Vendors are constantly focusing on proving vertical SaaS with features specific to client needs to increase their customer base. Such factors will increase the demand for vertical SaaS during the forecast period.

Key Software As A Service (SaaS) Market Challenge

  • The issues associated with system integration will be a major challenge for the software as a service (SaaS) market during the forecast period.
  • Various enterprises are adopting SaaS solutions as they are a cost-effective alternative to traditional IT deployments, which require enterprises to buy or build their own IT infrastructures, install software programs, configure applications, and employ an IT department to maintain all the facilities.
  • Enterprises are adopting SaaS to facilitate flexibility and adaptability. SaaS helps enterprises cater to their customers efficiently. It also improves business processes. However, enterprises face issues when integrating new software systems and IT infrastructure.
  • Enterprises find it difficult to integrate new software programs into their existing monolithic architecture as the functionalities of such an architecture are interwoven. Hence, it is a challenge to integrate new software programs and systems. Hence, the issues associated with system integration are a challenge for the growth of the global Software as a Service (SaaS) market

Who are the Major Software As A Service (SaaS) Market Vendors?

The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading market vendors such as

 

  • Accenture Plc
  • Adobe Inc.
  • Alphabet Inc.
  • Amazon.com Inc.
  • BetterCloud Inc
  • Box Inc
  • Cisco Systems Inc.
  • Convedo Ltd.
  • EdgeVerve Systems Ltd.
  • Fujitsu Ltd.
  • Hewlett Packard Enterprise Co.
  • International Business Machines Corp.
  • Intuit Inc.
  • Microsoft Corp.
  • Oracle Corp.
  • Salesforce Inc.
  • SAP SE
  • ServiceNow Inc.
  • Shopify Inc.
  • Slack Technologies Inc

 

Market Overview

The parent global IT software market covers companies that are engaged in developing and producing application and system software. It also includes companies offering database management software. The global application software market covers companies that are engaged in developing and producing software designed for specialized applications for the business or consumer market. It includes enterprise and technical software, as well as cloud-based software. It excludes companies classified in the interactive home entertainment sub-industry and companies producing systems or database management software classified in the systems software sub-industry.

Software As A Service (SaaS) Market Value Chain Analysis

In this report, we provide extensive information on the value chain analysis for the market. Our data covers all key stages of a cash logistics flow and provides a complete understanding of all aspects of a cash logistics value chain. This includes an end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies.

Which are the Key Regions for Software As A Service (SaaS) Market?

Software as a Service (SaaS) Market Share by Geography

51% of the market’s growth will originate from North America during the forecast period. The US is the key market for the software as a service (SaaS) market in North America. Market growth in this region will be slower than the growth of the market in the APAC, South America, and MEA regions.

The North American region is expected to be a major contributor of revenue to the global market during the forecast period. North America was an early adopter of public cloud services, which were introduced over a decade ago.  A key reason for the rising demand for SaaS in the US is the increasing demand for cloud computing services. The availability of technologically advanced infrastructure and the presence of a large number of cloud service providers (CSPs) such as Microsoft, Salesforce, Oracle, and Adobe is based in the US will drive the growth of the market in the region.

COVID Impact and Recovery Analysis

The COVID-19 pandemic positively impacted the SaaS market in North America in 2020. Governments in numerous nations such as the US and Canada in region-imposed lockdowns in 2020 due to the pandemic, which restricted the people to stay at home. As a result, industries such as retail in North America were forced to shift numerous trade operations online, leading to the widespread use of cloud computing for better storage of data, in North America, in 2020. 

What are the Revenue-generating Deployment Segments in the Software As A Service (SaaS) Market?

Software as a Service (SaaS) Market Share

To gain further insights on the market contribution of various segments Request a PDF Sample

The software as a service (SaaS) market share growth by the public cloud segment will be significant during the forecast period. The public cloud segment is estimated to grow at a low CAGR during the forecast period as the market is slowly reaching maturity. Various enterprises use public cloud services due to the following advantages: 

  • No need for investments: Investments are not required to deploy and maintain IT infrastructure, including hardware products and software programs. 
  • Provide high availability and multi-tenant capabilities: The high availability and multi-tenant capabilities of the public cloud reduce the amount of coding required as enterprises do not have to develop apps to run on different types of computers and devices because the service providers would have completed the same task. 
  • Reduced complexity: As the software is provided over the Internet and can be accessed through a web browser, it only requires limited IT expertise. The vendors are responsible for the management of infrastructure and providing full-fledged software programs. 
  • Flexible pricing: The public cloud provides flexible pricing options based on different service-level agreements (SLAs). 

The use of the public cloud also simplifies access to platform solutions such as AI, big data, data analytics, and the Internet of Things (IoT). Therefore, the demand for public cloud solutions is increasing.

The report provides a near-term to long-term perspective on the trends and forecasts horizon for the anti-venom market. It offers an overview of the key market drivers and restraints, enabling precise identification of key opportunities in each region over the coming years.

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Software As A Service (SaaS) Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 11.41%

Market growth 2022-2026

$ 147.44 billion

Market structure

Fragmented

YoY growth (%)

9.27

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 51%

Key consumer countries

US, Japan, China, India, UK, and Germany

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

Accenture Plc, Adobe Inc., Alphabet Inc., Amazon.com Inc., BetterCloud Inc, Box Inc, Cisco Systems Inc., Convedo Ltd., EdgeVerve Systems Ltd., Fujitsu Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., Intuit Inc., Microsoft Corp., Oracle Corp., Salesforce Inc., SAP SE, ServiceNow Inc., Shopify Inc., and Slack Technologies Inc

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Software As A Service (SaaS) Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive the growth during the next five years
  • Precise estimation of the size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behaviour
  • The growth of the industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of the software as a service (saas) market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Deployment

    • 5.1 Market segments
      • Exhibit 24: Chart on Deployment - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Deployment - Market share 2021-2026 (%)
    • 5.2 Comparison by Deployment
      • Exhibit 26: Chart on Comparison by Deployment
      • Exhibit 27: Data Table on Comparison by Deployment
    • 5.3 Public cloud - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Public cloud - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 29: Data Table on Public cloud - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Chart on Public cloud - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Public cloud - Year-over-year growth 2021-2026 (%)
    • 5.4 Private cloud - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Private cloud - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 33: Data Table on Private cloud - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Chart on Private cloud - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Private cloud - Year-over-year growth 2021-2026 (%)
    • 5.5 Hybrid cloud - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Hybrid cloud - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 37: Data Table on Hybrid cloud - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 38: Chart on Hybrid cloud - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Hybrid cloud - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Deployment
      • Exhibit 40: Market opportunity by Deployment ($ billion)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart of Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 UK - Market size and forecast 2021-2026
      • Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 Japan - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.12 China - Market size and forecast 2021-2026
      • Exhibit 82: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 83: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 84: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.13 India - Market size and forecast 2021-2026
      • Exhibit 86: Chart on India - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 87: Data Table on India - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 88: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.14 Market opportunity by geography
      • Exhibit 90: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 91: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 93: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 94: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 95: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 96: Matrix on vendor position and classification
            • 10.3 Accenture Plc
              • Exhibit 97: Accenture Plc - Overview
              • Exhibit 98: Accenture Plc - Business segments
              • Exhibit 99: Accenture Plc - Key news
              • Exhibit 100: Accenture Plc - Key offerings
              • Exhibit 101: Accenture Plc - Segment focus
            • 10.4 Adobe Inc.
              • Exhibit 102: Adobe Inc. - Overview
              • Exhibit 103: Adobe Inc. - Business segments
              • Exhibit 104: Adobe Inc. - Key news
              • Exhibit 105: Adobe Inc. - Key offerings
              • Exhibit 106: Adobe Inc. - Segment focus
            • 10.5 Alphabet Inc.
              • Exhibit 107: Alphabet Inc. - Overview
              • Exhibit 108: Alphabet Inc. - Business segments
              • Exhibit 109: Alphabet Inc. - Key news
              • Exhibit 110: Alphabet Inc. - Key offerings
              • Exhibit 111: Alphabet Inc. - Segment focus
            • 10.6 Amazon.com Inc.
              • Exhibit 112: Amazon.com Inc. - Overview
              • Exhibit 113: Amazon.com Inc. - Business segments
              • Exhibit 114: Amazon.com Inc. - Key news
              • Exhibit 115: Amazon.com Inc. - Key offerings
              • Exhibit 116: Amazon.com Inc. - Segment focus
            • 10.7 BetterCloud Inc
              • Exhibit 117: BetterCloud Inc - Overview
              • Exhibit 118: BetterCloud Inc - Product / Service
              • Exhibit 119: BetterCloud Inc - Key offerings
            • 10.8 International Business Machines Corp.
              • Exhibit 120: International Business Machines Corp. - Overview
              • Exhibit 121: International Business Machines Corp. - Business segments
              • Exhibit 122: International Business Machines Corp. - Key offerings
              • Exhibit 123: International Business Machines Corp. - Segment focus
            • 10.9 Microsoft Corp.
              • Exhibit 124: Microsoft Corp. - Overview
              • Exhibit 125: Microsoft Corp. - Business segments
              • Exhibit 126: Microsoft Corp. - Key news
              • Exhibit 127: Microsoft Corp. - Key offerings
              • Exhibit 128: Microsoft Corp. - Segment focus
            • 10.10 Oracle Corp.
              • Exhibit 129: Oracle Corp. - Overview
              • Exhibit 130: Oracle Corp. - Business segments
              • Exhibit 131: Oracle Corp. - Key news
              • Exhibit 132: Oracle Corp. - Key offerings
              • Exhibit 133: Oracle Corp. - Segment focus
            • 10.11 Salesforce Inc.
              • Exhibit 134: Salesforce Inc. - Overview
              • Exhibit 135: Salesforce Inc. - Product / Service
              • Exhibit 136: Salesforce Inc. - Key news
              • Exhibit 137: Salesforce Inc. - Key offerings
            • 10.12 SAP SE
              • Exhibit 138: SAP SE - Overview
              • Exhibit 139: SAP SE - Business segments
              • Exhibit 140: SAP SE - Key news
              • Exhibit 141: SAP SE - Key offerings
              • Exhibit 142: SAP SE - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 143: Inclusions checklist
                • Exhibit 144: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 145: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 146: Research methodology
                • Exhibit 147: Validation techniques employed for market sizing
                • Exhibit 148: Information sources
              • 11.5 List of abbreviations
                • Exhibit 149: List of abbreviations
              • Enterprise resource planning applications: Include an integrated suite of business applications that support all the core functions of an organization, including areas such as inventory control, accounting, production, logistics, and human resources. o

                  Research Framework

                  Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                  TechnavioINFORMATION SOURCES

                  Primary sources

                  • Manufacturers and suppliers
                  • Channel partners
                  • Industry experts
                  • Strategic decision makers

                  Secondary sources

                  • Industry journals and periodicals
                  • Government data
                  • Financial reports of key industry players
                  • Historical data
                  • Press releases
                  Technavio

                  TechnavioDATA ANALYSIS

                  Data Synthesis

                  • Collation of data
                  • Estimation of key figures
                  • Analysis of derived insights

                  Data Validation

                  • Triangulation with data models
                  • Reference against proprietary databases
                  • Corroboration with industry experts
                  Technavio

                  TechnavioREPORT WRITING

                  Qualitative

                  • Market drivers
                  • Market challenges
                  • Market trends
                  • Five forces analysis

                  Quantitative

                  • Market size and forecast
                  • Market segmentation
                  • Geographical insights
                  • Competitive landscape
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                  Software as a Service (SaaS) market growth will increase by $99.99 billion during 2020-2025.
                  The software as a service (saas) market is expected to grow at a CAGR of 11.35% during 2020-2025.
                  Technavio has segmented the software as a service (saas) market by deployment (Public cloud, Private cloud, and Hybrid cloud) and geographic (North America, Europe, APAC, South America, and MEA).
                  Accenture Plc, Adobe Inc., Alphabet Inc., Amazon.com Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., SAP SE are a few of the key vendors in the software as a service (saas) market.
                  North America will register the highest growth rate of 52.16% among the other regions. Therefore, the software as a service (saas) market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
                  The key factors driving the software as a service (saas) market growth are:
                  • Augmenting use of mobile apps
                  • Rising need for API connections
                  The software as a service (saas) market vendors should focus on grabbing business opportunities from the public cloud segment as it accounted for the largest market share in the base year.
                  • What are the key global market and the regional market share?
                  • What are the revenue-generating key market segments?
                  • What are the key factors driving and challenging this market’s growth?
                  • Who are the key market vendors and their growth strategies?
                  • What are the latest trends influencing the growth of this market?
                  • What are the variables influencing the market growth in the primary regions?
                  • What are the factors influencing the growth of the parent market?
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