Report Highlights
The global software as a service (SaaS) market should reach $223.7 billion by 2022 and more than $571.9 billion by 2027, with a compound annual growth rate (CAGR) of 20.6% during the forecast period of 2022-2027.
Report Includes
- 30 data tables and 39 additional tables
- An updated overview of the global markets for software as a service (SaaS) within the Information Technology industry
- Analyses of the global market trends, with market revenue for 2021, estimates for 2022, 2023 and 2025, and projections of compound annual growth rates (CAGRs) through 2027
- Estimation of the actual market size for software as a service, market growth forecast, and corresponding market share analysis based on offering solution, deployment mode, organization size, end-user industry, and geographic region
- Coverage of the technological, economic, and business considerations of the global Software as a Service market and its vendor landscape
- Discussion of the industry value chain analysis providing a systematic study of key intermediaries involved, with emphasis on recent developments and region-specific macroeconomic variables on the global markets for software as a service
- Key merger and acquisition deals, partnerships, collaborations and joint ventures as well as other strategic alliances within SaaS and/or cloud computing environment
- Identification of the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
- A look into the recent key granted patents on software as a service technology and applications, and regional patent share analysis
- Company profiles of major players within the industry, including Microsoft Corp., Cisco Systems Inc., Oracle Corp., IBM, SAP SE and Adobe Systems Inc.
Report Scope
The report provides an overview of the global markets for Software as a Service (SaaS) and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for the forecast period 2022 through 2027. Revenue forecasts for this period are segmented based on solutions, deployment, organization size, industry vertical, and geography.
The report also focuses on the major driving trends and challenges that affect the market and the vendor landscape. The report explains the value chain and current trends in the global markets for Software as a Service (SaaS). The report concludes with detailed profiles of the major players in the market.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2021 | ||||||||||||||||||||
| Forecast period considered | 2022–2027 | ||||||||||||||||||||
| Base year market size | $193.8 billion | ||||||||||||||||||||
| Market size forecast | $571.90 billion | ||||||||||||||||||||
| Growth rate | CAGR of 20.6% from 2022 to 2027 | ||||||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||||||
| Segments covered | Region, Business Segment, Solutions, Deployment, Organization Size | ||||||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, Latin America, Middle East and Africa | ||||||||||||||||||||
| Countries covered | U.S., Canada., U.K., Germany., Rest of Europe., China., India., Japan., Rest of Asia-Pacific., Brazil., Mexico. | ||||||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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Report Highlights
The global software as a service (SaaS) market for business applications should total $94.9 billion by 2022 from $44.4 billion in 2017 at a compound annual growth rate (CAGR) of 16.4% from 2017 to 2022.
Report Includes
- 36 data tables and 23 additional tables.
- An overview of the global markets for software as a service (SaaS) or cloud-based applications within the information technology industry.
- Analyses of global market trends, with data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2022.
- Identification of market dynamics, and major factors such as drivers, restraints, opportunities, and technological updates influencing the global market.
- Assessments various business applications of SaaS technology in diverse industry segments, or verticals.
- Segmentation of global SaaS markets by region, product type, application area, and end-user industries.
- Comprehensive company profiles of major players within the market, inlcuding Adobe Systems, IBM, Microsoft, SAP SE, and Salesforce.com.
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