Software as a Service Market 2018 by Global Leaders: ServiceNow, Salesforce, Concur Technologies, Workday, Oracle Corporation, NetSuite, Medidata Solutions, Zuora

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 Scenario:

Software as a Service Market is a delivery model of software’s through cloud in which software and all the associated data’s are hosted centrally and accessed by clients through web browser. The concept of Software as a Service Market allows the users to access the all components and feature of a software on subscription model and not without licensing the product. In other words it is an on-demand software which provides remote access of software to theirs users over the internet. Growing IT industry and high demand for software for data management and analysis in various domains is leading to the growth of Software as a Service Market. SaaS offers various features such as low cost, speed deployment, customization and control over the data among others. Licensing a software incur heavy cost as well as an expert to monitor and operate. SaaS provides the feature of easy accessibility with speed deployment and various customization which makes this easier to operate. The global market of Software as a Service Market is estimated to grow at US ~$117 billion by the end of forecast period with compound annual growth rate of ~21%.

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Market Research Future Analysis:

The Global Software as a Service Market is estimated to grow at US ~$117 billion by the end of forecast period with compound annual growth rate of ~21%. Countries such as U.S. U.K. Germany, Canada, Italy, France, China, Japan and India are some of the biggest revenue contributor in the global market. One Analyst from MRFR has quoted that “Currently, North America is dominating the market of Software as a Service and by looking at current scenario, it is expected that North America will continue to dominate the market throughout the forecast period” Europe holds second biggest market position whereas Asia-Pacific has emerged as fastest growing market due to the favorable startup environment in India and China.

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:

The Software as a Service Market has been segmented on the basis of-

• By Deployment- Public Cloud, Private Cloud, Hybrid Cloud and Community Cloud.
• By End User- SMEs and Large Enterprises among others
• By Industry- IT & Telecommunication, Entertainment, BFSI, Manufacturing, Healthcare, Retail among others.

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Intended Audience

• Software developers
• Government Agencies
• On-Demand Software providers
• Cloud service providers
• Cloud computing companies
• Research Institutes & Universities

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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This release was published on openPR.