Software as a Service (SaaS) Market Progresses as More Companies Look for Outsourcing Solutions

Albany, New York: Market Research Reports Search Engine (MRRSE.com) has added a new report to its collection of the latest data sets on the global ICT and technologies industry. The report, titled “Software as a Service (SaaS) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 – 2022,” is a highly detailed analysis of this market through its current scenario and an analysis of the market trends that will guide it till 2022.

According to the report, the biggest driver for the global Software as a Service (SaaS) market is the high rate of companies from developed regions seeking outsourcing solutions. Outsourcing helps the companies keep a more cost-effective profile while not needing to build an in-house support team for the same.

The onset of advanced and efficient cloud computing solutions has paved the way for highly feasible and valuable software as a service platforms. The global SaaS market today can provide a vast array of benefits to the clients, including a global and controlled accessibility to company documents. It also includes automatically incorporated patch updates, cleaner compatibility scopes, higher collaboration levels, and a more convenient administrative control.

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As per the findings stated in the report, the global SaaS market is projected at a CAGR of 27.9% within a forecast period from 2015 to 2022. This market is expected to reach US$23.88 bn by the end of the forecast period.

The global SaaS market is analyzed using a segmented approach, where the market is divided on the basis of end users, applications, deployment models, and geography.

Public clouds, private clouds, and hybrid clouds are the three segments of the global SaaS market on the basis of deployment model. In 2014, the global SaaS market was led by the public cloud solutions segment, followed by the private cloud model. The report shows that there is going to be a high demand for private and hybrid cloud models in the near future, especially by large companies and enterprises. This is attributed to a growing risk to data security, due to which companies are preferring to opt for private clouds.

The global SaaS market, on the basis of applications, is segmented into HCM, ERP, CRM, operations and manufacturing, CMS, and other major segments. Of these, the market was led by the CRM segment in 2014, while the HCM segment is expected to be the fastest-growing one till 2022.

Browse Full Global Software as a Service (SaaS) Market Report with TOC:http://www.mrrse.com/software-service-market

The competitive landscape of the global SaaS market is best explained through the business strategies and perspectives of the key players of the market themselves. Some of the top players mentioned in the report include Blackboard, Inc., Symantec Corporation, Google, Inc., ADP, LLC, Oracle Corporation, Fujitsu Ltd., IBM Corporation, SAP SE, Salesforce, Inc., Microsoft Corporation, and Amazon Web Services.

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This release was published on openPR.