Software as a Service (SaaS) Market 2024-2032: Industry Growth, Size, Share and Research Report

The latest report by IMARC Group, titled “Software as a Service (SaaS) Market Report by Solution Type (Customer Relationship Management (CRM), Enterprise Resource Planning, Supply Chain Management, Operation Management, Human Resource Management, and Others), Deployment Model (Public, Private, Hybrid), Organization Size (Small and Medium-sized Enterprises, Large Enterprises), Industry Vertical (BFSI, Manufacturing, IT and Telecom, Retail and Ecommerce, Energy and Utility, Healthcare, Media and Entertainment, and Others), and Region 2024-2032“, The global software as a service (SaaS) market size reached USD 276.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 1,013.3 Billion by 2032, exhibiting a growth rate (CAGR) of 15.53% during 2024-2032.

Software as a Service (SaaS) represents a model for software distribution that enables users to access applications via the internet, generally through a web browser. This approach removes the necessity for businesses and individuals to install, maintain, or upgrade software on their local computers or servers. SaaS applications are hosted on remote servers managed by third-party providers, ensuring that they are accessible to users who typically need only an internet connection to leverage a diverse range of functionalities. This model has been widely embraced across various business operations, including customer relationship management (CRM), human resources management (HRM), accounting, and data analytics. In recent years, the popularity of SaaS has surged globally, as it offers numerous advantages such as cost efficiency, scalability, and flexibility, rendering it essential for contemporary business environments, from small startups to large multinational corporations.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/software-as-a-service-market/requestsample

Software as a Service (SaaS) Market Trends and Drivers:

The global market for software as a service (SaaS) is significantly influenced by the increasing transition to remote work settings. This shift has heightened the demand for cloud-based solutions that enhance collaboration and facilitate data sharing. Moreover, the rising intricacy of data management is prompting organizations to pursue scalable and adaptable software options, which are fundamental characteristics of SaaS. Additionally, the proliferation of mobile technology has broadened the accessibility and functionality of SaaS applications, enabling users to engage with these tools while on the go, thereby propelling market expansion. Furthermore, the drive for digital transformation across diverse industries has increased the need for agile software solutions that can seamlessly integrate with existing infrastructures. In addition, the development of industry-specific SaaS offerings is customizing services to address distinct business requirements, further stimulating market growth.

Report Segmentation:

The report has segmented the market into the following categories:

Solution Type Insights:

  • Customer Relationship Management (CRM)
  • Enterprise Resource Planning
  • Supply Chain Management
  • Operation Management
  • Human Resource Management
  • Others

Deployment Model Insights:
  • Public
  • Private
  • Hybrid

Organization Size Insights:

  • Small and Medium-sized Enterprises
  • Large Enterprises

Industry Vertical Insights:

  • BFSI
  • Manufacturing
  • IT and Telecom
  • Retail and Ecommerce
  • Energy and Utility
  • Healthcare
  • Media and Entertainment
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • Alphabet Inc.
  • Amazon.com Inc.
  • Broadcom Inc.
  • Cisco Systems Inc.
  • Hewlett Packard Enterprise Company
  • Infor Inc.
  • International Business Machines Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • Salesforce Inc.
  • ServiceNow Inc.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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