Market Research Future published a research report on “Software as a Service Market Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Market Overview

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 subscription model of the software has revolutionized the adoption of technology in every sector and industry. The growing dependency on technology has fueled the demand for software service solutions and is likely to propel the expansion of the software as a service market over the assessment period. In addition, it comes as a cost-effective way to sustain competition for the SMEs that are not equipped for licensing the software. This, in turn, is anticipated to further boost the growth trajectory of the software as a service market.

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.

Key Players

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.

Segments:

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.
Regional Analysis:

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

Table 9 U.S. Software As A Service Market, By Deployment

Table 10 U.S. Software As A Service Market, By End User

Table 11 U.S. Software As A Service Market, By Industry

Table 12 Canada Software As A Service Market, By Deployment

Table 13 Canada Software As A Service Market, By End User

Table 14 Canada Software As A Service Market, By Industry

Table 15 Europe Software As A Service Market, By Country

Table 16 Europe Software As A Service Market, By Deployment

Table 17 Europe Software As A Service Market, By End User

Table 18 Europe Software As A Service Market, By Industry

Continued…

Know More about this Report @ https://www.marketwatch.com/press-release/software-as-a-service-market-size-growth-factors-comprehensive-analysis-business-strategy-opportunity-assessment-competitive-landscape-and-regional-forecast-2022-2019-04-26

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