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 |
|
||||||||||||||||||||
| Companies studied |
|
||||||||||||||||||||
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.
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.
Related Reports
Industrial IoT (IIoT): Global Markets
The global market for IIoT is estimated to increase from $147.2 billion in 2023 to reach $391.8 billion by 2028, at a compound annual growth rate (CAGR) of 21.6% from 2023 through 2028.
Logistics Automation: Global Market Outlook
This report provides an in-depth overview of the global market for logistics automation. It focuses on the significant driving trends and challenges that affect the progress of this market and the vendor landscape. The report outlines the impact of COVID-19 pandemic and the Russia-Ukraine War in the advancements of logistics automation market. The report emphasizes on the emerging technologies and developments and discusses company profiles of leading market participants and their offerings.
Supply Chain Management: Global Markets
The global market for supply chain management (SCM) is estimated to increase from $29.4 billion in 2023 to reach $49.0 billion by 2028, at a compound annual growth rate (CAGR) of 10.7% from 2023 through 2028.
Customer Relationship Management (CRM) Software: Global Markets
The global CRM software market reached $56.2 billion in 2022 and should reach $103.5 billion by 2027, with a compound annual growth rate (CAGR) of 13% during the forecast period of 2022-2027.
Recent Reports
AI in Oil and Gas: Global Markets and Technologies
The global market for AI Technology in the Oil and Gas Sector is estimated to increase from $2.8 billion in 2023 to reach $5.1 billion by 2028, at a compound annual growth rate (CAGR) of 12.9% from 2023 through 2028.
Industrial IoT (IIoT): Global Markets
The global market for IIoT is estimated to increase from $147.2 billion in 2023 to reach $391.8 billion by 2028, at a compound annual growth rate (CAGR) of 21.6% from 2023 through 2028.
Smart Home Technologies: Global Markets
The global market for smart home technologies is expected to increase from $102.3 billion in 2023 to $166.7 billion by the end of 2028, with a compound annual growth rate (CAGR) of 10.3% during the forecast period of 2023-2028.
Global AI Camera Market
This report provides an understanding of the artificial intelligence (AI) camera market and the driving factors behind its adoption. It identifies the potential areas of growth and obstacles related to AI cameras, as well as to highlights the areas that require improvement within the AI camera industry. In this report, the global market of AI cameras has been segmented based on offerings, product type, technology, end users, and geographical region.
Medical Kiosks: Global Market and Forecasts
This report provides an outlook of the global medical kiosks market. It highlights the current and future market potential for global medical kiosks and provides a detailed analysis of the competitive environment, regulatory scenario, drivers, restraints, opportunities and trends in the market, emerging technologies, future analysis and impact of wars on the market. The report covers market projections through 2028 and an analysis of company product portfolios of the key market players.
Top Trending Reports
Cell and Gene Therapy Tools, and Reagents: Global Markets
The global market for cell and gene therapy tools and reagents is estimated to grow from $8.3 billion in 2022 to $13.7 billion in 2027, with a compound annual growth rate (CAGR) of 10.6% for the period of 2022-2027.
ESG Trends in Chemical Industry
This report focuses on the ESG trends in the chemical industry and evaluates the ESG implementation including current and future potential. The report utilizes various databases, including sustainability reports, annual reports, and other indicators used to develop the current market. The study provides detailed information on the main factors influencing ESG growth in the chemical industry. It enables the reader to understand the industry in general while also providing insight into the inter-relationship between ESG and the sustainable chemical industry. The report describes market growth, developing trends, industry leaders, and applications of ESG implementation in the chemical industry.
Digital Pathology: Technologies and Global Markets
The global digital pathology market is estimated to increase from $5.9 billion in 2022 to reach $10.7 billion by 2027, at a compound annual growth rate (CAGR) of 12.5% from 2022 through 2027.
Non-Fungible Tokens (NFT): Global Market
The global NFTs market should reach $37.6 billion by 2022 and $125.6 billion by 2027, with a compound annual growth rate (CAGR) of 27.3% during the forecast period of 2022-2027.
AI in Mental Health: Global Market Outlook
The report provides an overview of the global AI in mental health market and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for the forecast period, 2022-2027. Revenue forecasts for this period are segmented based on organization size, component, provider, type, industry, and geography. It also highlights major trends and challenges that affect the market and the vendor landscape.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More