Software as a Service (SaaS) Market by Deployment and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR70532
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The software as a service (saas) market share is expected to increase by USD 99.99 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 11%.

This software as a service (saas) market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. 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 MEA). The software as a service (saas) market report also offers information on several market vendors, including 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., and SAP SE among others.

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

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Software as a Service (SaaS) Market: Key Drivers, Trends, and Challenges

The augmenting use of mobile apps is notably driving the software as a service (saas) market growth, although factors such as issues associated with system integration may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the software as a service (saas) industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

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

This software as a service (saas) market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global software as a service (SaaS) market as a part of the global application software market. 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 software as a service (saas) market during the forecast period.

Who are the Major Software as a Service (SaaS) Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 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

 

This statistical study of the software as a service (saas) market encompasses successful business strategies deployed by the key vendors. The software as a service (saas) market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Accenture Plc - The company offers software as a service in three areas such as providing systems integration and technology services for clients seeking to implement third party SaaS solutions, assisting clients with planning, developing and hosting their own SaaS applications to offer to their customers, and building, hosting, and running own SaaS solutions.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The software as a service (saas) market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Software as a Service (SaaS) Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the software as a service (saas) market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the application software market includes the following core components:

  • Inputs
  • Software development process
  • Marketing and sales
  • Post-selling services
  • Innovation

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

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

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52% of the market’s growth will originate from North America during the forecast period. The US is the key market for 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 South American, MEA and APAC regions.

Due to digitalization, various companies and organizations from this region are adopting SaaS solutions. This will facilitate the software as a service (saas) market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

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

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The software as a service (saas) market share growth by the public cloud segment will be significant during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the software as a service (saas) market size and actionable market insights on post COVID-19 impact on each segment.

 

Software as a Service (SaaS) Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 11%

Market growth 2021-2025

$ 99.99 billion

Market structure

Fragmented

YoY growth (%)

11.71

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 52%

Key consumer countries

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

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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., and SAP SE

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 the forecast period

Customization purview

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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 2021-2025
  • Detailed information on factors that will drive software as a service (saas) market growth during the next five years
  • Precise estimation of the software as a service (saas) market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the software as a service (saas) industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of software as a service (saas) market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five Forces Summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Deployment

    • Market segments
    • Comparison by Deployment
    • Public cloud - Market size and forecast 2020-2025
    • Private cloud - Market size and forecast 2020-2025
    • Hybrid cloud - Market size and forecast 2020-2025
    • Market opportunity by Deployment

    Customer landscape

    • Overview

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • APAC - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • 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

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    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
    Interested in this report?
    Get your FREE sample now!
    The 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
    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.
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