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The Software as a Service (SaaS) Market size was recorded at USD 335.21 billion in 2023 and is expected to reach USD 1057.8 billion by 2032, growing at a CAGR of 13.62 % over the forecast period of 2024-2032.
The widespread popularity of public cloud services across all industries is driving a surge in demand for traffic management. Companies are swiftly transitioning from on-premises Software-as-a-Service models due to the exorbitant costs of on-premises software deployment, which is poised to significantly boost the market. The utilization of cloud-based services, particularly cloud application service/software-as-a-service, has increased to USD 195 billion in 2023, with an anticipated global revenue of approximately 245 billion US dollars by the end of the year.
The global Software-as-a-Service (SaaS) market is expected to continue growing as businesses of all sizes adopt SaaS solutions for various operations such as web hosting, e-commerce, enterprise resource planning (ERP), and customer relationship management (CRM). For example, private SaaS companies experienced a growth rate of approximately 35%, surpassing the growth rate of public SaaS companies, which was around 23% in 2023.
The increasing use of emails, instant messaging, and video calls is driving the demand for smart devices among end-users, which in turn is expected to boost the growth of the Software-as-a-Service market. Additionally, organizations are turning to CRM SaaS solutions more and more to reduce IT costs and scale more easily. Businesses can now customize their CRM systems more easily and make them more accessible. For example, in December 2022, AppOmni announced a collaboration with Veeva Systems to provide added security for Veeva CRM and Veeva Vault. With this launch, life sciences customers can now utilize AppOmni's complete threat detection and configuration management capabilities to better operationalize best practices.
In the dynamic Software-as-a-Service market, the utilization of artificial intelligence (AI), internet of things (IoT) to comprehend customer behavior stands out as a significant trend. This involves customizing products, services, and content to specifically meet the individual needs of customers based on collected information. Furthermore, the implementation of Machine Learning (ML) for automated customer inquiry handling through chatbots demonstrates a clear advancement. Additional trends include the adoption of Vertical SaaS, migration to Platform-as-a-Service (PaaS), and the use of Application Programming Interface (API) connections.
The Software-as-a-Service (SaaS) market operates through three primary types of cloud computing: Platform as a Service (PaaS) and Infrastructure as a Service (IaaS). These applications are utilized by various IT specialists, commercial users, and private users. A wide range of products are available, from consumer electronics like Netflix to advanced IT tools. SaaS products typically target both business-to-business (B2B) and business-to-consumer (B2C) users, unlike IaaS and PaaS. For example, the B2B SaaS market has demonstrated the highest medium growth rate with annual recurring revenue of less than $1 million.
Drivers
Enterprises Using Public and Hybrid Cloud-Based Tools to Promote Market Growth
The usage of email, instant messaging, and video calls has significantly increased, which stimulates end-user demand for smart gadgets is drives the market.
Public and hybrid cloud-based solutions are increasingly being adopted by businesses, increasing system resilience and advancing the new realities imposed by the epidemic. Additionally, more businesses are converting to hybrid clouds, which combine on-premises and public cloud solutions. For the sake of future market expansion, some major companies are encouraging and promoting the use of cloud-based solutions. For Instance, the U.S SaaS market has shown rapid growth by supporting various startups in this field such as InVideo, LinkTree, etc.
Restrains
SaaS applications are frequently described as facing severe difficulty with cloud security.
Sensitive data not secure enough to support market expansion
Professionals use SaaS-based platforms to store both their personal and business-sensitive data. Security has thus always been a top priority for security experts. Misconfigured SaaS is the main issue, according to several businesses in the sector.
The setup of internal applications is also turning into a significant difficulty for security personnel. Misconfigurations cause sensitive data to be lost and hesitant application programming interfaces cause sensitive data to be disclosed without authorization.
Opportunities
Increased availability of secure internet servers in China, Japan, and India during the forecast period contributed to the market's expansion.
By Component Type:
Software held over 80% of total revenue in 2023. The global crisis accelerated the penetration of flexible working time and work elsewhere, which changed employee expectations. Thus several businesses are now using SaaS solutions for simple communication, business productivity, and remote teamwork. These offer cloud storage, video chat, and project views. Additionally, The demand for SaaS solutions that provide automation to streamline workflows and increase productivity while delivering AI-based insights is also increasing. With the accelerated digital transformation across industries, companies are increasingly relying on data to speed up their processes and get a deeper insight into consumers or users. Investment in SaaS solutions powered by analytics has increased as a result.
By Deployment Type:
With a revenue share above 43% in 2023, the private cloud segment dominated the SaaS Market. Enterprises can get improved speed and reduced latency by combining private cloud infrastructure with SaaS application deployment at the network's edge, in addition to gaining more control and security over data. Additionally, by employing a private cloud architecture, making sure legal standards are met, and lowering the risk of data breaches, enterprises may keep more control over their data. All things considered, integrating edge computing with the private cloud can offer a strong foundation for providing SaaS applications that satisfy the requirements of contemporary enterprises.
By Enterprise-size:
Large enterprises were the largest enterprise size segment of this market in 2023 with a global share exceeding 61% during that year. Different Ways Large businesses can benefit from SaaS, even large-scale businesses tend to have certain benefits from using this software which includes schemes of flexibility, scalability, and cost. Major companies will also adopt platform-as-a-service (PaaS) solutions. PaaS solutions provide more abstraction than SaaS solutions, enabling companies to focus on creating and deploying applications rather than the upkeep of dedicated infrastructures. They allow large businesses to avail of lower development costs, quicker time-to-market, and better creativity & flexibility. For Instance, the top PaaS providers of the companies are AWS Elastic Beanstalk, Engine Yard, Google App engine, etc.
By Application:
In Application type segmentation, the other categories which include Media, Entertainment, BFSI, and Automobile led the market with a revenue share of over 43% in 2023. The Banks are using the Saas application to provide best customer service through virtual assistance. Like the same, Media and entertainment use the software for marketing and balancing financial coverage, and also for protecting the customer's data and security. For Instance, the popular apps used in these domains are Salesforce, PowerBI, Simens PML, Oracle, etc.
The remaining areas include supply chain management, edge computing, AI as a service, IoT as a service, unified communications as a service, and operations management. The rise of new technologies like artificial intelligence (AI), cloud computing, and robotic process automation (RPA) may bring about a revolution in the supply chain software business.
North America led the Software-as-a-Service market with more than 42% of the market share in 2023. The U.S. is helping the market revenue to increase favorably. One of the elements promoting market expansion is the existence of established industry players. Additionally, the region's well-developed IT infrastructure facilitates the quick deployment of cloud-based virtual services, further boosting its sizeable share of the world's software as a service (SaaS) market. The large market share was also aided by the massive investment in cloud infrastructure and the availability of numerous secure internet servers. For Instance, the top U.S.-based SaaS companies are Adobe, Salesforce, ServiceNow, Shopify, etc. which are ruling the market with huge market capital.
In the future period, Asia Pacific is expected to have the fastest CAGR. Due to the increased demand for outsourcing cloud-based software and the increasing number of small and medium-sized businesses outsourcing throughout the region, China and India are positively influencing the market's growth. To lower the cost of deploying software on-premises, SMEs heavily outsource cloud-based software platforms. Furthermore, it is anticipated that the market will have plenty of opportunities due to the IT sector's significant growth.
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The major players in Market are IBM, Alphabet Inc., Google LLC, Salesforce, Inc., Adobe Inc, Oracle, Alibaba Cloud, SAP SE, Rackspace Technology, Inc., ServiceNow, Inc, VMware Inc., Cisco Systems, Inc., IONOS Cloud Inc. Atlassian, Microsoft Corporation, Hewlett Packard Enterprise Company. And others in the final report.
D2L and MDF COMMERCE is expanding their software market with the current acquisition. MDF Commerce, a Montreal-based company, is buying up EcoInteractive, a software startup, and at the same time, D2L, has purchased H5P Group, a startup specializing in creating interactive content, for USD 25.6 million.
A US investment company called STG has bought Eka Software Solutions, an Indian tech firm. Eka specializes in helping businesses manage commodities, especially those related to agriculture and energy.
| Report Attributes | Details |
| Market Size in 2023 | US$ 335.21 Bn |
| Market Size by 2032 | US$ 1057.8 Bn |
| CAGR | CAGR of 13.62% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments |
• By Deployment Type (Public, Private, Hybrid) • By Component (Software, Service) • By Enterprise-size (Small & Medium Enterprises, Large Enterprises) • By Application (Customer Relationship Management (CRM), Enterprise Resource Planning (ERP), Content, Collaboration & Communication, BI & Analytics, Human Capital Management, Others) • By Industry (IT & Telecom, BFSI, Retail & Consumer Goods, Healthcare, Education, Manufacturing, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | IBM, Alphabet Inc., Google LLC, Salesforce, Inc., Adobe Inc, Oracle, Alibaba Cloud, SAP SE, Rackspace Technology, Inc., ServiceNow, Inc, VMware Inc., Cisco Systems, Inc., IONOS Cloud Inc. Atlassian, Microsoft Corporation, Hewlett Packard Enterprise Company |
| Key Drivers | • Enterprises Using Public and Hybrid Cloud-Based Tools to Promote Market Growth • The usage of email, instant messaging, and video calls has significantly increased, which stimulates end-user demand for smart gadgets is drive the market. |
| Market Opportunities | • Increased availability of secure internet servers in China, Japan, and India during the forecast period contributed to the market's expansion. |
The CAGR of the Software as a Service Market for the forecast period 2024-2031 is 13.62 %.
The market is expected to grow to USD 1057.8 billion by the forecast period of 2032.
The major worldwide key players in the Software as a Service Market are IBM, Alphabet Inc., Google LLC, Salesforce, Inc., Adobe Inc, Oracle, Alibaba Cloud, SAP SE, Rackspace Technology, Inc., ServiceNow, Inc, VMware Inc., Cisco Systems, Inc., IONOS Cloud Inc. Atlassian, Microsoft Corporation, Hewlett Packard Enterprise Company. And others in final report.
USD 335.21 billion in 2023 is the market share of the Software as a Service Market.
The forecast period for the Software as a Service Market is 2024-2032.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Porter’s 5 Forces Model
6. Pest Analysis
7. Software as a Service Market Segmentation, By Component
7.1 Introduction
7.2 Software
7.3 Deployment
8. Software as a Service Market Segmentation, By Deployment Application
8.1 Introduction
8.2 Private Cloud
8.3 Public Cloud
8.4 Hybrid Cloud
9. Software as a Service Market Segmentation, By Enterprise Size
9.1 Introduction
9.2 Small & Medium Enterprises
9.3 Large Enterprises
10. Software as a Service Market Segmentation, By Application
10.1 Introduction
10.2 Customer Relationship Management (CRM)
10.3 Enterprise Resource Planning (ERP)
10.4 Content
10.5 Collaboration & Communication
10.6 BI & Analytics
10.7 Human Capital Management
10.8 Others
11. Software as a Service Market Segmentation, By Industry
11.1 Introduction
11.2 IT & Telecom
11.3 BFSI
11.4 Retail & Consumer Goods
11.5 Healthcare
11.6 Education
11.7 Manufacturing
11.8 Travel & Hospitality
11.9 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America Software as a Service Market By Country
12.2.3 North America Software as a Service Market By Component
12.2.4 North America Software as a Service Market By Deployment Application
12.2.5 North America Software as a Service Market By Enterprise Size
12.2.6 North America Software as a Service Market, By Application
12.2.7 North America Software as a Service Market, By Industry
12.2.8 USA
12.2.8.1 USA Software as a Service Market By Component
12.2.8.2 USA Software as a Service Market By Deployment Application
12.2.8.3 USA Software as a Service Market By Enterprise Size
12.2.8.4 USA Software as a Service Market, By Application
12.2.8.5 USA Software as a Service Market, By Industry
12.2.9 Canada
12.2.9.1 Canada Software as a Service Market By Component
12.2.9.2 Canada Software as a Service Market By Deployment Application
12.2.9.3 Canada Software as a Service Market By Enterprise Size
12.2.9.4 Canada Software as a Service Market, By Application
12.2.9.5 Canada Software as a Service Market, By Industry
12.2.10 Mexico
12.2.10.1 Mexico Software as a Service Market By Component
12.2.10.2 Mexico Software as a Service Market By Deployment Application
12.2.10.3 Mexico Software as a Service Market By Enterprise Size
12.2.10.4 Mexico Software as a Service Market, By Application
12.2.10.5 Mexico Software as a Service Market, By Industry
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe Software as a Service Market By Country
12.3.2.2 Eastern Europe Software as a Service Market By Component
12.3.2.3 Eastern Europe Software as a Service Market By Deployment Application
12.3.2.4 Eastern Europe Software as a Service Market By Enterprise Size
12.3.2.5 Eastern Europe Software as a Service Market By Application
12.3.2.6 Eastern Europe Software as a Service Market, By Industry
12.3.2.7 Poland
12.3.2.7.1 Poland Software as a Service Market By Component
12.3.2.7.2 Poland Software as a Service Market By Deployment Application
12.3.2.7.3 Poland Software as a Service Market By Enterprise Size
12.3.2.7.4 Poland Software as a Service Market By Application
12.3.2.7.5 Poland Software as a Service Market, By Industry
12.3.2.8 Romania
12.3.2.8.1 Romania Software as a Service Market By Component
12.3.2.8.2 Romania Software as a Service Market By Deployment Application
12.3.2.8.3 Romania Software as a Service Market By Enterprise Size
12.3.2.8.4 Romania Software as a Service Market By Application
12.3.2.8.5 Romania Software as a Service Market, By Industry
12.3.2.9 Hungary
12.3.2.9.1 Hungary Software as a Service Market By Component
12.3.2.9.2 Hungary Software as a Service Market By Deployment Application
12.3.2.9.3 Hungary Software as a Service Market By Enterprise Size
12.3.2.9.4 Hungary Software as a Service Market By Application
12.3.2.9.5 Hungary Software as a Service Market, By Industry
12.3.2.10 turkey
12.3.2.10.1 Turkey Software as a Service Market By Component
12.3.2.10.2 Turkey Software as a Service Market By Deployment Application
12.3.2.10.3 Turkey Software as a Service Market By Enterprise Size
12.3.2.10.4 Turkey Software as a Service Market By Application
12.3.2.10.5 Turkey Software as a Service Market, By Industry
12.3.2.11 Rest of Eastern Europe
12.3.2.11.1 Rest of Eastern Europe Software as a Service Market By Component
12.3.2.11.2 Rest of Eastern Europe Software as a Service Market By Deployment Application
12.3.2.11.3 Rest of Eastern Europe Software as a Service Market By Enterprise Size
12.3.2.11.4 Rest of Eastern Europe Software as a Service Market By Application
12.3.2.11.5 Rest of Eastern Europe Software as a Service Market, By Industry
12.3.3 Western Europe
12.3.3.1 Western Europe Software as a Service Market By Country
12.3.3.2 Western Europe Software as a Service Market By Component
12.3.3.3 Western Europe Software as a Service Market By Deployment Application
12.3.3.4 Western Europe Software as a Service Market By Enterprise Size
12.3.3.5 Western Europe Software as a Service Market By Application
12.3.3.6 Western Europe Software as a Service Market, By Industry
12.3.3.7 Germany
12.3.3.7.1 Germany Software as a Service Market By Component
12.3.3.7.2 Germany Software as a Service Market By Deployment Application
12.3.3.7.3 Germany Software as a Service Market By Enterprise Size
12.3.3.7.4 Germany Software as a Service Market By Application
12.3.3.7.5 Germany Software as a Service Market, By Industry
12.3.3.8 France
12.3.3.8.1 France Software as a Service Market By Component
12.3.3.8.2 France Software as a Service Market By Deployment Application
12.3.3.8.3 France Software as a Service Market By Enterprise Size
12.3.3.8.4 France Software as a Service Market By Application
12.3.3.8.5 France Software as a Service Market, By Industry
12.3.3.9 UK
12.3.3.9.1 UK Software as a Service Market By Component
12.3.3.9.2 UK Software as a Service Market By Deployment Application
12.3.3.9.3 UK Software as a Service Market By Enterprise Size
12.3.3.9.4 UK Software as a Service Market By Application
12.3.3.9.5 UK Software as a Service Market, By Industry
12.3.3.10 Italy
12.3.3.10.1 Italy Software as a Service Market By Component
12.3.3.10.2 Italy Software as a Service Market By Deployment Application
12.3.3.10.3 Italy Software as a Service Market By Enterprise Size
12.3.3.10.4 Italy Software as a Service Market By Application
12.3.3.10.5 Italy Software as a Service Market, By Industry
12.3.3.11 Spain
12.3.3.11.1 Spain Software as a Service Market By Component
12.3.3.11.2 Spain Software as a Service Market By Deployment Application
12.3.3.11.3 Spain Software as a Service Market By Enterprise Size
12.3.3.11.4 Spain Software as a Service Market By Application
12.3.3.11.5 Spain Software as a Service Market, By Industry
12.3.3.12 Netherlands
12.3.3.12.1 Netherlands Software as a Service Market By Component
12.3.3.12.2 Netherlands Software as a Service Market By Deployment Application
12.3.3.12.3 Netherlands Software as a Service Market By Enterprise Size
12.3.3.12.4 Netherlands Software as a Service Market By Application
12.3.3.12.5 Netherlands Software as a Service Market, By Industry
12.3.3.13 Switzerland
12.3.3.13.1 Switzerland Software as a Service Market By Component
12.3.3.13.2 Switzerland Software as a Service Market By Deployment Application
12.3.3.13.3 Switzerland Software as a Service Market By Enterprise Size
12.3.3.13.4 Switzerland Software as a Service Market By Application
12.3.3.13.5 Switzerland Software as a Service Market, By Industry
12.3.3.14 Austria
12.3.3.14.1 Austria Software as a Service Market By Component
12.3.3.14.2 Austria Software as a Service Market By Deployment Application
12.3.3.14.3 Austria Software as a Service Market By Enterprise Size
12.3.3.14.4 Austria Software as a Service Market By Application
12.3.3.14.5 Austria Software as a Service Market, By Industry
12.3.3.15 Rest of Western Europe
12.3.3.15.1 Rest of Western Europe Software as a Service Market By Component
12.3.3.15.2 Rest of Western Europe Software as a Service Market By Deployment Application
12.3.3.15.3 Rest of Western Europe Software as a Service Market By Enterprise Size
12.3.3.15.4 Rest of Western Europe Software as a Service Market By Application
12.3.3.15.5 Rest of Western Europe Software as a Service Market, By Industry
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia-Pacific Software as a Service Market By Country
12.4.3 Asia-Pacific Software as a Service Market By Component
12.4.4 Asia-Pacific Software as a Service Market By Deployment Application
12.4.5 Asia-Pacific Software as a Service Market By Enterprise Size
12.4.6 Asia-Pacific Software as a Service Market By Application
12.4.7 Asia-Pacific Software as a Service Market, By Industry
12.4.8 China
12.4.8.1 China Software as a Service Market By Component
12.4.8.2 China Software as a Service Market By Deployment Application
12.4.8.3 China Software as a Service Market By Enterprise Size
12.4.8.4 China Software as a Service Market By Application
12.4.8.5 China Software as a Service Market, By Industry
12.4.9 India
12.4.9.1 India Software as a Service Market By Component
12.4.9.2 India Software as a Service Market By Deployment Application
12.4.9.3 India Software as a Service Market By Enterprise Size
12.4.9.4 India Software as a Service Market By Application
12.4.9.5 India Software as a Service Market, By Industry
12.4.10 japan
12.4.10.1 Japan Software as a Service Market By Component
12.4.10.2 Japan Software as a Service Market By Deployment Application
12.4.10.3 Japan Software as a Service Market By Enterprise Size
12.4.10.4 Japan Software as a Service Market By Application
12.4.10.5 Japan Software as a Service Market, By Industry
12.4.11 South Korea
12.4.11.1 South Korea Software as a Service Market By Component
12.4.11.2 South Korea Software as a Service Market By Deployment Application
12.4.11.3 South Korea Software as a Service Market By Enterprise Size
12.4.11.4 South Korea Software as a Service Market By Application
12.4.11.5 South Korean Software as a Service Market, By Industry
12.4.12 Vietnam
12.4.12.1 Vietnam Software as a Service Market By Component
12.4.12.2 Vietnam Software as a Service Market By Deployment Application
12.4.12.3 Vietnam Software as a Service Market By Enterprise Size
12.4.12.4 Vietnam Software as a Service Market By Application
12.4.12.5 Vietnam Software as a Service Market, By Industry
12.4.13 Singapore
12.4.13.1 Singapore Software as a Service Market By Component
12.4.13.2 Singapore Software as a Service Market By Deployment Application
12.4.13.3 Singapore Software as a Service Market By Enterprise Size
12.4.13.4 Singapore Software as a Service Market By Application
12.4.13.5 Singapore Software as a Service Market, By Industry
12.4.14 Australia
12.4.14.1 Australia Software as a Service Market By Component
12.4.14.2 Australia Software as a Service Market By Deployment Application
12.4.14.3 Australia Software as a Service Market By Enterprise Size
12.4.14.4 Australia Software as a Service Market By Application
12.4.14.5 Australia Software as a Service Market, By Industry
12.4.15 Rest of Asia-Pacific
12.4.15.1 Rest of Asia-Pacific Software as a Service Market By Component
12.4.15.2 Rest of Asia-Pacific Software as a Service Market By Deployment Application
12.4.15.3 Rest of Asia-Pacific Software as a Service Market By Enterprise Size
12.4.15.4 Rest of Asia-Pacific Software as a Service Market By Application
12.4.15.5 Rest of Asia-Pacific Software as a Service Market, By Industry
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East Software as a Service Market By Country
12.5.2.2 Middle East Software as a Service Market By Component
12.5.2.3 Middle East Software as a Service Market By Deployment Application
12.5.2.4 Middle East Software as a Service Market By Enterprise Size
12.5.2.5 Middle East Software as a Service Market By Application
12.5.2.6 Middle East Software as a Service Market, By Industry
12.5.2.7 UAE
12.5.2.7.1 UAE Software as a Service Market By Component
12.5.2.7.2 UAE Software as a Service Market By Deployment Application
12.5.2.7.3 UAE Software as a Service Market By Enterprise Size
12.5.2.7.4 UAE Software as a Service Market By Application
12.5.2.7.5 UAE Software as a Service Market, By Industry
12.5.2.8 Egypt
12.5.2.8.1 Egypt Software as a Service Market By Component
12.5.2.8.2 Egypt Software as a Service Market By Deployment Application
12.5.2.8.3 Egypt Software as a Service Market By Enterprise Size
12.5.2.8.4 Egypt Software as a Service Market By Application
12.5.2.8.5 Egypt Software as a Service Market, By Industry
12.5.2.9 Saudi Arabia
12.5.2.9.1 Saudi Arabia Software as a Service Market By Component
12.5.2.9.2 Saudi Arabia Software as a Service Market By Deployment Application
12.5.2.9.3 Saudi Arabia Software as a Service Market By Enterprise Size
12.5.2.9.4 Saudi Arabia Software as a Service Market By Application
12.5.2.9.5 Saudi Arabia Software as a Service Market, By Industry
12.5.2.10 Qatar
12.5.2.10.1 Qatar Software as a Service Market By Component
12.5.2.10.2 Qatar Software as a Service Market By Deployment Application
12.5.2.10.3 Qatar Software as a Service Market By Enterprise Size
12.5.2.10.4 Qatar Software as a Service Market By Application
12.5.2.10.5 Qatar Software as a Service Market, By Industry
12.5.2.11 Rest of Middle East
12.5.2.11.1 Rest of Middle East Software as a Service Market By Component
12.5.2.11.2 Rest of Middle East Software as a Service Market By Deployment Application
12.5.2.11.3 Rest of Middle East Software as a Service Market By Enterprise Size
12.5.2.11.4 Rest of Middle East Software as a Service Market By Application
12.5.2.11.5 Rest of Middle East Software as a Service Market, By Industry
12.5.3 Africa
12.5.3.1 Africa Software as a Service Market By Country
12.5.3.2 Africa Software as a Service Market By Component
12.5.3.3 Africa Software as a Service Market By Deployment Application
12.5.3.4 Africa Software as a Service Market By Enterprise Size
12.5.3.5 Africa Software as a Service Market By Application
12.5.3.6 Africa Software as a Service Market, By Industry
12.5.3.7 Nigeria
12.5.3.7.1 Nigeria Software as a Service Market By Component
12.5.3.7.2 Nigeria Software as a Service Market By Deployment Application
12.5.3.7.3 Nigeria Software as a Service Market By Enterprise Size
12.5.3.7.4 Nigeria Software as a Service Market By Application
12.5.3.7.5 Nigeria Software as a Service Market, By Industry
12.5.3.8 South Africa
12.5.3.8.1 South Africa Software as a Service Market By Component
12.5.3.8.2 South Africa Software as a Service Market By Deployment Application
12.5.3.8.3 South Africa Software as a Service Market By Enterprise Size
12.5.3.8.4 South Africa Software as a Service Market By Application
12.5.3.8.5 South Africa Software as a Service Market, By Industry
12.5.3.9 Rest of Africa
12.5.3.9.1 Rest of Africa Software as a Service Market By Component
12.5.3.9.2 Rest of Africa Software as a Service Market By Deployment Application
12.5.3.9.3 Rest of Africa Software as a Service Market By Enterprise Size
12.5.3.9.4 Rest of Africa Software as a Service Market By Application
12.5.3.9.5 Rest of Africa Software as a Service Market, By Industry
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America Software as a Service Market by Country
12.6.3 Latin America Software as a Service Market By Component
12.6.4 Latin America Software as a Service Market By Deployment Application
12.6.5 Latin America Software as a Service Market By Enterprise Size
12.6.6 Latin America Software as a Service Market By Application
12.6.7 Latin America Software as a Service Market, By Industry
12.6.8 brazil
12.6.8.1 Brazil Software as a Service Market By Component
12.6.8.2 Brazil Software as a Service Market By Deployment Application
12.6.8.3 Brazil Software as a Service Market By Enterprise Size
12.6.8.4 Brazil Software as a Service Market By Application
12.6.8.5 Brazil Software as a Service Market, By Industry
12.6.9 Argentina
12.6.9.1 Argentina Software as a Service Market By Component
12.6.9.2 Argentina Software as a Service Market By Deployment Application
12.6.9.3 Argentina Software as a Service Market By Enterprise Size
12.6.9.4 Argentina Software as a Service Market By Application
12.6.9.5 Argentina Software as a Service Market, By Industry
12.6.10 Colombia
12.6.10.1 Colombia Software as a Service Market By Component
12.6.10.2 Colombia Software as a Service Market By Deployment Application
12.6.10.3 Colombia Software as a Service Market By Enterprise Size
12.6.10.4 Colombia Software as a Service Market By Application
12.6.10.5 Colombia Software as a Service Market, By Industry
12.6.11 Rest of Latin America
12.6.11.1 Rest of Latin America Software as a Service Market By Component
12.6.11.2 Rest of Latin America Software as a Service Market By Deployment Application
12.6.11.3 Rest of Latin America Software as a Service Market By Enterprise Size
12.6.11.4 Rest of Latin America Software as a Service Market By Application
12.6.11.5 Rest of Latin America Software as a Service Market, By Industry
13. Company Profiles
13.1 IBM
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Deployments Offered
13.1.4 The SNS View
13.2 Alphabet Inc
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Deployments Offered
13.2.4 The SNS View
13.3 Google LLC
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Deployments Offered
13.3.4 The SNS View
13.4 Salesforce, Inc.
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Deployments Offered
13.4.4 The SNS View
13.5 Adobe Inc.
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Deployments Offered
13.5.4 The SNS View
13.6 Oracle
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Deployments Offered
13.6.4 The SNS View
13.7 Alibaba Cloud
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Deployments Offered
13.7.4 The SNS View
13.8 SAP SE
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Deployments Offered
13.8.4 The SNS View
13.9 Rackspace Technology, Inc.
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Deployments Offered
13.9.4 The SNS View
13.10 ServiceNow
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Deployments Offered
13.10.4 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. Use Case and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Component:
Software
Services
By Deployment:
Public Cloud
Private Cloud
Hybrid Cloud
By Enterprise-size:
Small & Medium Enterprises
Large Enterprises
By Application:
Customer Relationship Management (CRM)
Enterprise Resource Planning (ERP)
Human Capital Management
Content, Collaboration & Communication
BI & Analytics
Others
By Industry:
Banking, Financial Services & Insurance (BFSI)
Retail & Consumer Goods
Healthcare
Education
Manufacturing
Travel & Hospitality
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
The Enterprise A2P SMS Market size was valued at USD 49.53 Billion in 2023 and is expected to grow to USD 73.18 Billion by 2031 and grow at a CAGR of 5% over the forecast period of 2024-2031.
The Insurance Telematics Market size was USD 128.56 Million in 2023 and is expected to Reach USD 1029.4 Million by 2031 and grow at a CAGR of 29.7% over the forecast period of 2024-2031.
The Video Analytics Market size was valued at USD 8.22 billion in 2023 and is expected to grow to USD 51.06 billion by 2032 and grow at a CAGR of 22.5% over the forecast period of 2024-2032.
The Mining Software Market Size was valued at USD 9.4 billion in 2023 and will reach USD 19.75 billion by 2032 and grow at a CAGR of 8.6% by 2024-2032.
The EdTech and Smart Classrooms Market size was valued at USD 139.9 Billion in 2023 and is expected to reach USD 385.4 Billion by 2031 and grow at a CAGR of 13.5% over the forecast period 2024-2031.
The Embedded Hypervisor Market size was valued at USD 12.02 Billion in 2023 and is projected to reach USD 21.92 Billion in 2031 with a growing CAGR of 7.8% Over the Forecast Period of 2024-2031.
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