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Global Software as a Service Market Is Expected to Grow at a CAGR of over 28% from 2017 to 2025

Global Software As a Service Market is expected to grow at a CAGR of over 28% from 2017 to 2025

 

Portland, OR -- (SBWIRE) -- 07/31/2017 -- Global Software As a Service Market is expected to grow at a CAGR of over 28% from 2017 to 2025. Software as a Service (SaaS) is a distribution model for software in which applications are hosted by a third-party provider and made available to the end-user via the internet. SaaS is one of the three prime classifications of cloud computing; the other two are Infrastructure as a Service (IaaS) and Platform as a Service (PaaS). Constant changes in business requirements in accordance with the IT trends have increased the focus on SaaS solutions.

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The global SaaS market is segmented on the basis of deployment model, application, end users, and geography. Public, private, and hybrid cloud are the deployment models of SaaS. Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), Human Resource Management (HRM), Supply Chain Management (SCM), and others (business intelligence, messaging & collaboration, compliance, web conferencing platforms) are categorized under applications. Further, SMEs and large enterprises are the end-users in the SaaS market. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA (Brazil, Saudi Arabia, South Africa, and Rest of LAMEA), followed by country-level analysis.

Market Dynamics:

Drivers:

Rising business outsourcing for software & services
Increasing number of specialized SaaS applications
Increased mobile access to SaaS

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Restraints:
Concerns regarding data security
Lack of integration
Requirement for continual internet connectivity & high speed
Market Players:

The top players in the global SaaS market include Amazon.com, Inc., ADP, LLC, Google, Inc., Microsoft Corporation, IBM Corporation, Oracle Corporation, Salesforce.com, Inc., SAP SE, Fujitsu Limited, and Workday, Inc.

MARKET LANDSCAPE

By Deployment Model

Public Cloud
Private Cloud
Hybrid Cloud
By Application

Enterprise Resource Planning (ERP)
Customer Relationship Management (CRM)
Human Resource Management (HRM)
Supply Chain Management (SCM)
Others (business intelligence, messaging & collaboration, compliance, web conferencing platforms)

By End Users
Small & Medium Enterprises (SMEs)
Large Enterprise

By Geography
North America
U.S.
Canada
Mexico

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Table Of Contents:
1. Executive summary
1.1. Key findings
1.2. Market attractiveness and trend analysis
1.3. Competitive landscape and recent industry development analysis
2. Introduction
2.1. Report description
2.2. Scope and definitions
2.3. Research methodology
3. Market landscape
3.1. Growth drivers
3.1.1. Impact analysis
3.2. Restraints and challenges
3.2.1. Impact analysis
3.3. Porter's analysis
4. Global software as a service market by deployment type
4.1. Public cloud
4.1.1. Historical market size by region, 2014-2016
4.1.2. Market forecast by region, 2017-2025
4.2. Private cloud