Press release
Latin America software-as-a-service (SaaS) Market is touching new levels - Rising Demand, Trends and Innovations with Key Players - ., Fujitsu Ltd., Amazon.com Inc., IBM Corporation, HP, Oracle Corporation, SAP SE
Software-as-a-service (SaaS) is a kind of cloud computing in which a third-party provider manages applications and makes them accessible to consumers over the internet. It removes the need for organisations to install and run applications on their computers or in their data centres, which eliminates the cost of hardware acquisition, provisioning and maintenance as well as software licensing, installation and support. The SaaS market is anticipated to grow at a compound annual growth rate (CAGR) of 24.79% during the forecast period 2018-2023.
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Based on the deployment model, the SaaS market can be segmented into public cloud, private cloud and hybrid cloud. The private cloud and public cloud models are showing a positive trend in the market, and the companies are trying to employ the hybrid cloud model in the recent future. The public cloud market has the largest market share, whereas the hybrid cloud market is predicted to grow at the highest CAGR.
Depending on application, the SaaS market can be bifurcated into enterprise resource planning (ERP), customer relationship management (CRM), human resource management (HRM), supply chain management (SCM) and others. Other application types include web conferencing platforms, messaging applications and collaborations. HRM has the largest market share, and HRM and CRM are predicted to grow at a highest CAGR.
By vertical, the SaaS market can be segmented into banking, financial services and insurance (BFSI), information technology (IT) and telecommunication, manufacturing, retail, healthcare, education and others. The BFSI segment continues to hold the largest market share in the vertical segment. The manufacturing segment will be growing at a significant rate during the forecast period.
Brazil and Mexico are becoming the leaders of the SaaS market in Latin America or LATAM due to maturing mindset about data-driven organisations, increased productivity and Internet of Things (IoT). The IT professionals of Latin America state that the ability to access cloud services from anywhere and at any time as one of the key benefits of the SaaS model followed by easy implementation and reduced cost.
Key growth factors
Latin American entrepreneurs believe that SaaS has become an important tool for the growth of their businesses. The solution is more relevant to emerging markets because of its feature to give an extra edge to local businesses. They help in the structuring of business processes more cheaply while providing them with advanced technologies. The rising trend of e-commerce in Latin America also contributes to the spurring growth of demand for SaaS solutions.
Threats and key players
Latin America is not a unified market. There are variations regarding minimum salary, local problems, local realities and local governments which makes it difficult to create successful SaaS deployment in the region. Most of the business to small business (B2SB) and business to consumer (B2C) SaaS companies scalability depends on being able to automate processes like communication, training and collection, which is a little difficult in the Latin American scenario where only 40%-50% of adult population has an account with a financial institution.
The key players in the market are Symantec Corporation, Google Inc., Fujitsu Ltd., Amazon.com Inc., IBM Corporation, HP, Oracle Corporation, SAP SE, Microsoft Corporation and Salesforce.
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Chapter 1: Executive summary
1.1. Market scope and segmentation
1.2. Key questions answered in this study
1.3. Executive summary
Chapter 2: Latin America SaaS market - market overview
2.1. Latin America market overview - market trends, market attractiveness analysis, geography-wise market revenue (USD)
2.2. Latin America - market drivers, trends and challenges
2.3. Value chain analysis SaaS market
2.4. Porters five forces analysis
2.5. Market size - by deployment (public cloud, private cloud and hybrid cloud)
2.5. a. Public cloud revenue- historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.5. b. Private cloud revenue- historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.5. c. Hybrid cloud revenue- historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.6. Market size - by applications (ERP, CRM, HRM, SCM and others)
2.6. a. Revenue from ERP - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.6. b. Revenue from CRM - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.6. c. Revenue from HRM - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.6. d. Revenue from SCM - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.6. e. Revenue from others - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.7. Market size - by vertical (BFSI, IT and telecommunication, manufacturing, retail, healthcare, education and others)
2.7. a. Revenue from BFSI - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.7. b. Revenue from IT and telecommunication - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.7. c. Revenue from manufacturing- historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.7. d. Revenue from retail - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.7. e. Revenue from healthcare - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.7. f. Revenue from education- historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.7. g. Revenue from others - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
Chapter 3: Brazil SaaS market- market overview
3.1. Market overview- market trends, market attractiveness analysis, geography-wise market revenue (USD)
3.2. Brazil - market drivers, trends, and challenges
3.3. Market size - by deployment (public cloud, private cloud and hybrid cloud)
3.3. a. Public cloud revenue- historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.3. b. Private cloud revenue- historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.3. c. Hybrid cloud revenue- historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.4. Market size - by applications (ERP, CRM, HRM, SCM and others)
3.4. a. Revenue from ERP) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.4. b. Revenue from CRM - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.4. c. Revenue from HRM - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.4. d. Revenue from SCM - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.4. e. Revenue from others - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.5. Market size - by vertical (BFSI, IT and telecommunication, manufacturing, retail, healthcare, education and others)
3.5. a. Revenue from BFSI - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.5. b. Revenue from IT and telecommunication - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.5. c. Revenue from manufacturing- historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.5. d. Revenue from retail - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.5. e. Revenue from healthcare - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.5. f. Revenue from education- historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.5. g. Revenue from others - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
Chapter 4: Mexico SaaS market - market overview
4.1. Market overview - market trends, market attractiveness analysis, geography-wise market revenue (USD)
4.2. Mexico - market drivers, trends, and challenges
4.3. Market size - by deployment (public cloud, private cloud and hybrid cloud)
4.3. a. Public cloud revenue- historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.3. b. Private cloud revenue- historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.3. c. Hybrid cloud revenue- historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.4. Market size - by applications (ERP, CRM, HRM, SCM and others)
4.4. a. Revenue from ERP - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.4. b. Revenue from CRM - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.4. c. Revenue from HRM - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.4. d. Revenue from SCM - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.4. e. Revenue from others - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.5. Market size - by vertical (BFSI, IT and telecommunication, manufacturing, retail, healthcare, education and others)
4.5. a. Revenue from BFSI - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.5. b. Revenue from IT and telecommunication - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.5. c. Revenue from manufacturing- historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.5. d. Revenue from retail - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.5. e. Revenue from healthcare - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.5. f. Revenue from education- historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.5. g. Revenue from others - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
……..
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