Press release
Software as a Service Market Poised for Rapid Growth with CAGR of 21% by 2022 | Global Leaders- Workday, IBM, NetSuite, ServiceNow, Zuora
Market Research Future
Market Synopsis:
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.
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.
Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/2003
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:
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.
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.
Industry News:
In December 2018, Fintech startup ‘YayPay’ has raised USD 8.4 Mn for its software-as-a-service solution which focusses on the collection of money from outstanding invoices.
In December 2018, GAN plc, a leading developer and supplier of enterprise-level B2B Internet gaming software, has announced the launch of Simulated Gaming Website for its Pearl River Resorts portfolio.
In December 2018, Sargon Capital, a private equity firm, has acquired Decimal Software, an Australian financial technology company. The transaction was worth USD 5Mn.
Get Complete Report @ https://www.marketresearchfuture.com/reports/software-as-a-service-market-2003
Intended Audience
Software developers
Government Agencies
On-Demand Software providers
Cloud service providers
Cloud computing companies
Research Institutes & Universities
Media Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
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.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Software as a Service Market Poised for Rapid Growth with CAGR of 21% by 2022 | Global Leaders- Workday, IBM, NetSuite, ServiceNow, Zuora here
News-ID: 1817021 • Views: …
More Releases from Market Research Future
Parametric Insurance Market Forecast: Industry to Expand from USD 15.55 Billion …
The Parametric Insurance Market report provides comprehensive insights into market trends, competitive landscape, growth factors, and opportunities across global regions.
Parametric Insurance Market Overview:
The Parametric Insurance Market is experiencing significant growth as businesses, governments, and individuals increasingly adopt insurance solutions that provide pre-defined payouts based on the occurrence of specific events, such as natural disasters, weather conditions, or other measurable triggers. Parametric insurance offers faster claims settlement, reduced administrative costs, and…
Financial Advisory Services Market Forecast: Industry to Expand from USD 91.52 B …
The Financial Advisory Services Market report provides detailed insights into market trends, competitive landscape, growth factors, and opportunities across global regions.
Financial Advisory Services Market Overview:
The Financial Advisory Services Market is witnessing significant growth as individuals and corporations increasingly seek expert guidance for investment strategies, wealth management, risk mitigation, and financial planning. Financial advisory services help clients optimize returns, manage risk, and ensure compliance with evolving regulatory requirements. The Financial Advisory…
Accounting Services Market Size to Reach USD 1,355.61 Billion by 2035 Driven by …
The Accounting Services Market report provides detailed insights into market trends, competitive landscape, growth factors, and opportunities across global regions.
Accounting Services Market Overview:
The Accounting Services Market is witnessing steady growth as organizations increasingly rely on professional accounting firms for auditing, tax compliance, financial reporting, and advisory services. The growing complexity of financial regulations, globalization of business operations, and rising demand for risk management solutions drive the adoption of specialized accounting…
Insurance Third-Party Administration Market Forecast: Industry to Expand from US …
The Insurance Third-Party Administration Market report provides in-depth insights into market size, growth trends, competitive landscape, key drivers, opportunities, and regional developments across the global insurance ecosystem.
Insurance Third-Party Administration Market Overview:
The Insurance Third-Party Administration Market is witnessing robust growth as insurers increasingly outsource claims processing, policy administration, and risk management services to improve operational efficiency and reduce costs. Third-party administrators (TPAs) play a crucial role in handling claims settlement, employee…
More Releases for Software
Takeoff Software Market May See a Big Move | Sage Software, Bluebeam Software, Q …
Latest Study on Industrial Growth of Takeoff Software Market 2023-2028. A detailed study accumulated to offer Latest insights about acute features of the Takeoff Software market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments…
Robot Software Market Analysis by Software Types: Recognition Software, Simulati …
The Insight Partners provides you global research analysis on “Robot Software Market” and forecast to 2028. The research report provides deep insights into the global market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Robot Software market during the forecast period, i.e., 2021–2028.
Download Sample Pages of this research study at: https://www.theinsightpartners.com/sample/TIPRE00007689/?utm_source=OpenPR&utm_medium=10452…
HR Software Market Analysis by Top Key Players Zenefits Software, Kronos Softwar …
HR software automates how companies conduct business with relation to employee management, training and e-learning, performance management, and recruiting and on-boarding. HR professionals benefit from HR software systems by providing a more structured and process oriented approach to completing administrative tasks in a repeatable and scalable manner. Every employee that is added to an organization requires management of information, analysis of data, and ongoing updates as progression throughout the company…
HR Software Market by Top Manufacturers – Zenefits Software, Kronos Software, …
Global HR Software market could be classified into different regions and countries for a clear understanding of business prospects available across the globe. This intelligence research study presents a wide-ranging study of the global market by evaluating the growth drivers and detaining factors at length. This detailed study of significant factors supports the market participants in understanding the issues they will be facing while operative in this market over a…
HR Software Market by Top Manufacturers – Zenefits Software, Kronos Software, …
Global HR Software market could be classified into different regions and countries for a clear understanding of business prospects available across the globe. This intelligence research study presents a wide-ranging study of the global market by evaluating the growth drivers and detaining factors at length. This detailed study of significant factors supports the market participants in understanding the issues they will be facing while operative in this market over a…
HR Software Market Analysis by Top Key Players – Zenefits Software, Kronos Sof …
HR software helps HR personnel automate many necessary tasks, such as maintaining employee records, time tracking, and benefits, which allows HR professionals to focus on recruiting efforts, employee performance and engagement, corporate wellness, company culture, and so on. These human management tools can be purchased and implemented as on premise or cloud-based software.
This market studies report on the Global HR Software Market is an all-inclusive study of the enterprise sectors…
