Software As A Service Saas Market Scope And Analysis

  • Report Code : TIPTE100000113
  • Category : Technology, Media and Telecommunications
  • No. of Pages : 233
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Software as a Service Market Outlook and Scope 2031

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Software as a Service Market Report Software as a Service Market Size and Share Software as a Service Market Scope and Analysis

Software as a Service Market Report Scope

Report Attribute Details
Market size in 2024 US$ 235.25 Billion
Market Size by 2031 US$ 771.89 Billion
Global CAGR (2025 - 2031) 18.50%
Historical Data 2021-2023
Forecast period 2025-2031
Segments Covered By Deployment Model
  • Private Cloud
  • Public Cloud
  • Hybrid Cloud
By Applications
  • Customer Relationship Management
  • Enterprise Resource Planning
  • Human Resource Planning
  • Supply Chain Management
By End User
  • Small & Medium Enterprises and Large Enterprises
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Google Inc
  • Oracle Corporation
  • Amazon com Inc
  • Salesforce com Inc
  • Fujitsu Ltd
  • Workday Inc
  • ADP LLC
  • IBM Corporation
  • SAP SE

    • Market Insights – Software as a Service Market

    Application-Based Insights

    Based on application, the software as a service market is segmented into customer relationship management (CRM), enterprise resource planning (ERP), human resource planning (HRP), supply chain management (SCM), and others. The CRM segment accounted for the largest share of the global software as a service market in 2021. With its numerous advantages, SaaS CRM has successfully changed organizations' perceptions about how front-office software systems are used and controlled. Particularly for CRM, the SaaS applications provide various benefits like best-in-place infrastructure without the need for capital expenditure, lesser implementation and integration times with existing systems, software upgrades without any significant bottleneck, consistent system uptime, and 24/7 staffing. It actively tracks and manages customer information, captures customer emails, simplifies repetitive tasks, and delivers instant insights and recommendations. As the business grows, CRM helps in customizing functions. According to Salesforce—one of the prominent CRM providers—the solutions on an average help their clients enhance their sales by 30%, and there is a 40% increase in customer satisfaction. These factors are further contributing to the growth of the segment.

    Players operating in the software as a service market are mainly focused on developing advanced and efficient products.

    • In December 2022, Microsoft Corporation announced its 10-year partnership with LSEG to offer data analytics and cloud infrastructure solutions.
    • In November 2022, shadow announced the launch of its new cloud storage service named shadow drive.

    The software as a service market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa, and South America. In 2021, North America led the market with a substantial revenue share, followed by Europe. Further, Asia Pacific is expected to register the highest CAGR in the software as a service market from 2022 to 2031.

    The key global software as a service market players include ADP LLC, Amazon.com Inc, Google Inc, IBM Corporation, Microsoft Corporation, Oracle Corporation, Salesforce.com Inc, SAP SE, Fujitsu Limited, and Workday Inc.