SaaS Market Analysis, Size, Share, Growth, Trends, and Opportunities

 

Growing Demand for Cloud-Based Services Drives SaaS Market Growth

Straits Research has published a comprehensive report on the SaaS market, providing in-depth insights into market trends, opportunities, and challenges. The report is based on extensive research and analysis of the market, including interviews with industry experts and analysis of historical data.

SaaS Market Size

The global SaaS market size was valued at USD 143.77 billion in 2022 and is expected to reach USD 716.52 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 21.9% during the forecast period.
 

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SaaS Market Catalysts for Expansion

The SaaS market is driven by several factors, including:
  • Growing demand for cloud-based services
  • Increasing adoption of digital transformation
  • Rising need for remote work solutions
  • Growing demand for AI-powered SaaS solutions
  • Expanding e-commerce industry

Top Performing Companies

 
  • Adobe Inc.
  • Microsoft Corp.
  • Alibaba Cloud
  • IBM Corp.
  • Google LLC
  • Salesforce
  • Oracle Corp.
  • SAP SE
  • Rackspace Technology Inc.
  • VMware Inc.
  • IONOS Cloud Inc.
  • Cisco Systems Inc.
  • Atlassian
  • ServiceNow

 

SaaS Market Segmental Analysis

 

 
  • By Type
  • Enterprise Software: Microsoft Corp., Oracle Corp., SAP SE
  • Productivity Software: Google LLC, Adobe Inc.
  • By Deployment Type
  • Public: Amazon Web Services (AWS), Microsoft Azure
  • Private: VMware Inc., Cisco Systems Inc.
  • Hybrid: IBM Corp., Oracle Corp.
  • By Enterprise-Size
  • Small & Medium Enterprises: Salesforce, Zoho Corporation
  • Large Enterprises: Microsoft Corp., Oracle Corp.
  • By Application
  • Customer Relationship Management (CRM): Salesforce, Zoho Corporation
  • Enterprise Resource Planning (ERP): SAP SE, Oracle Corp.
  • Content, Collaboration & Communication: Microsoft Corp., Google LLC
  • BI & Analytics: Tableau Software, Power BI
  • Human Capital Management: Workday Inc., Oracle Corp.
  • Others (HRM, Operation Management): BambooHR, ServiceNow
  • By End-User Industry
  • Banking, Financial Services & Insurance (BFSI): Microsoft Corp., Oracle Corp.
  • Healthcare: Athenahealth, Cerner Corporation
  • Retail & Consumer Goods: Salesforce, SAP SE
  • Manufacturing: Siemens AG, GE Digital
  • Education: Blackboard Inc., Canvas by Instructure
  • Travel & Hospitality: Sabre Corporation, Amadeus IT Group
  • Others: Government, Real Estate, Media and Entertainment

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SaaS Market Emerging Prospects

The SaaS market is expected to witness significant growth in the coming years, driven by emerging prospects such as:
  • Artificial Intelligence (AI) and Machine Learning (ML) integration
  • Internet of Things (IoT) adoption
  • Blockchain technology
  • Quantum computing
  • Extended Reality (XR)

SaaS Market Industry Movements

The SaaS market has witnessed significant industry movements in recent years, including:
  • Mergers and Acquisitions (M&A): Microsoft Corp.'s acquisition of LinkedIn, Salesforce's acquisition of Tableau Software
  • Partnerships and Collaborations: Amazon Web Services (AWS) and Microsoft Corp.'s partnership, Google LLC and Salesforce's partnership
  • Product Launches: Microsoft Corp.'s launch of Dynamics 365, Salesforce's launch of Customer 360

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