Global Software as a Service (SaaS) Market by End-User (Manufacturing, Healthcare, IT & Telecom, Retail, Education, Government, BFSI and Oil & Gas), by Application (Customer Relationship Management (CRM), Human Resource Management (HRM), Financial Management, Sales Management, Enterprise Resource Planning (ERP), Supply Chain Management), by Deployment Type (Public Cloud, Private Cloud, Hybrid Cloud), by Organisation Size (Small and Medium Enterprises, Large Enterprises), by Region (North America, APAC, Europe, MEA& Africa and Latin America).
Software as a Service is defined as a software delivery model that is hosted by a third-party provider who makes the application accessible to the target consumers through internet browser. An increasing use of smartphones, tablets, and laptops, the growing adoption of public and hybrid cloud, and the rising business outsourcing are mainly driving the global software as a service market over forecast period. The rising demand among the consumers who are actively looking for software with remote access option at a lower price, will lead to an increase in the demand for SaaS solutions across the globe.
Global Software as a Service (SaaS) Market is segmented by end user, by application, by deployment type, by organisation type and by region. By organisation size, SMEs are expected to hold 59.78% of market share in 2019 and is expected to keep its dominance over forecast period. SaaS enables organizations to make their software applications run in a virtual environment.
By application, the human resources management application segment held 28.46% of market share in 2019 and is expected to keep its dominance over forecast period owing to the growing penetration of SaaS-based HR management software among SMEs driven by its lower cost and easy to upgrade feature.
By geography, The North American held 37.45% of market share in 2019 and is expected to keep its dominance over forecast period owing to presence of major players. The growing use of web-based user interfaces by applications, along with the proliferation of associated practices, continuously decreased the need for traditional client-server applications are mainly driving the North America Software as a service market. North America is followed by APAC and Europe.
Report covers key development and company profiles of market leaders, potential players and new entrants. Some of the key players are IBM Corporation, Microsoft Corporation, SAP SE, Oracle Corporation, Salesforce.com, Inc., Cisco Systems, Inc., Amazon Web Services Inc., Hewlett Packard Enterprise Development LP, Infor, Inc., VMware, Inc., and SolutionsDots Systems ltd. Symantec Corporation, among others.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Software as a service market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Software as a service market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Software as a service market positioning of competitors.