Software as a Service Market, By Deployment (Public Cloud, Private Cloud, Hybrid Cloud), By End User (SMEs and Large Enterprises), By Industry (IT & Telecommunication, Entertainment, BFSI, Manufacturing, Healthcare, Retail) - Forecast 2016-2022
Software as a Service Market Size, Share, Growth and Trends 2022
As per the analysis presented by Market Research Future (MRFR), the global software as a service market is predicted to grow exponentially in the forthcoming years. The market is poised to strike a CAGR of 21% during the forecast period. It has been estimated that the global software as a service market will reach a valuation of USD 117 Bn by the end of 2022.
The developments and advancements adopted in the cloud technology have paved the way for software as a service across different industry verticals. It enables the clients to access software and the associated data through a web browser. The convenience offered by the technology is one of the key factors responsible for driving the growth of the global market.
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The growth of the IT industry is prognosticated to drive the expansion of the software as a service market. Furthermore, factors such as high demand for data analysis software, speed deployment, availability of customization, etc. is likely to favor the proliferation of the Software as a Service Market.
The major players operating in the market of Software as a Service Market are- Salesforce (U.S.), LinkedIn (U.S.), Concur Technologies (U.S.), Workday, Inc. (U.S.), IBM Corporation (U.S), Oracle Corporation (U.S.), NetSuite Inc. (U.S.), Medidata Solutions (U.S.), ServiceNow, Inc. (U.S.), Microsoft Inc. (U.S.), Google Inc. (U.S.), Zuora (U.S.) among others.
- By deployment, the global software as a service market has been segmented into public cloud, private cloud, hybrid cloud, and community cloud.
- By end-user, the global software as a service market has been segmented into SMEs and large enterprises.
- By industry, the software as a service market has been segmented into IT & telecommunication, entertainment, BFSI, manufacturing, healthcare, and retail.
The software as a service market, by region, has been segmented into North America, Europe, Asia, and the Rest of the World (ROW). North America is currently dominating the global market. The consolidation of key players coupled with early adoption of technologies has revolutionized the growth of the market in the region. It is expected to continue influencing the expansion of the software as a service market in the forthcoming years. In addition, the U.S. has technologically advanced infrastructure which is another important factor favoring the proliferation of the regional market.
Europe is prognosticated to maintain its second position in the global market. The presence of developed economies such as the U.K., Germany, France, and Italy is projected to accelerate the adoption of software as a service delivery model in the region. Meanwhile, the software as a service market is forecasted to expand its market presence in Asia Pacific at the highest pace.
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Table Of Contents
LIST OF TABLES
Table 1 Global Software As A Service Market, By Deployment
Table 2 Global Software As A Service Market, By End User
Table 3 Global Software As A Service Market, By Industry
Table 4 Global Software As A Service Market, By Regions
Table 5 North America Software As A Service Market, By Country
Table 6 North America Software As A Service Market, By Deployment
Table 7 North America Software As A Service Market, By End User
Table 8 North America Software As A Service Market, By Industry
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