Portland, OR -- (SBWIRE) -- 07/12/2017 -- As per new report published by Progressive Markets, titled, "Global Software as a Service (SaaS) Market- Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025", it is anticipated that industry would grow at a CAGR of 28% during the period, 2017–2025. It provides great opportunity to key stakeholders and manufacturers to identify opportunities that are present in the market.

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The study gives description of the global software as a service market in terms of product, scope, and research methodology. It encompasses summary of the industry in reference to market attractiveness, trends, and competitive scenarios. The experts incorporate the Porter's Five Forces Analysis (PFFA) to have a comprehensive know-how of competition scenario in the industry. The research evaluates the landscape of the market based on bargaining power of customers & buyers, threat of substitutes & new entrants, and industry rivalry. It segments the market into deployment model, application, region, and end user.
Based on deployment model, the report classifies the global software as a service market into public cloud, hybrid cloud, and private cloud. The industry finds its application in human resource management (HRM), enterprise resource planning (ERP), supply chain management (SCM), and customer relationship management (CRM). Its other applications include web conferencing platforms, business intelligence, compliance, and messaging & collaboration. End-users of the market are large enterprise and small & medium enterprises (SMEs). Based on geography, the study divides the industry into North America, Asia-Pacific, Europe, and Latin America Middle East & Africa (LAMEA).

The report further classifies the global software as a service market which includes Canada, U.S., and Mexico in the North American region. In the Europe, nations discussed are France, U.K., Russia, and Germany. In the Asia-Pacific region, nations assessed are Japan, China, India, and Australia. The LAMEA countries included are Saudi Arabia, Brazil, and South Africa. The study analyzes market share by deployment models, geographies, end users, and applications for the period, 2014–2025.

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The research evaluates size of the global software as a service market by each deployment model by region during the historic as well as forecast period, 2014–2016 and 2017–2025, respectively. It assesses the aforementioned parameters by every application, end user, and region for the historic period and forecast period. It discusses major manufacturers of the industry, such as Amazon.com, Inc., Google, Inc., ADP, LLC, Microsoft Corporation, Oracle Corporation, Workday, Inc., IBM Corporation, Salesforce.com, Inc., Fujitsu Limited, and SAP SE.
The analysts assess each vendor based on different strategies adopted by them in order to keep themselves updated about evolvement in market trends. These strategies include collaboration, product development, acquisition, and product approval. Further, they business & finance segments and recent development. They also offer an overview of every top vendor. In addition, the research helps to explore factors that drive and impede growth of the global software as a service market. The aspects that propel progress of the industry include rise in mobile penetration to SaaS. Apart from this, other aspects that harbor growth of the industry are increase in business outsourcing for software & services and growth in number of specialized SaaS applications.
The analysts also highlight factors that restrict growth of the global software as a service market are less integration and apprehensions for data security. Alternative aspect that hampers prosperity of the industry is need for constant internet connectivity with high speed. Further, it offers numerous takeaways of the industry, such as it provides great edge to manufacturers, stakeholders, and new entrants. It offers comprehensive evaluation of aspects that are have potential to restrict or drive the industry. The experts explore competitive scenario which helps them to understand the present rivalry within the geographical locations. Further, they assess the opportunities that prevail within these regional distributions. An in-depth assessment of developments in the market aids manufacturers and new entrepreneurs to understand the industry behavior. The research thoroughly follows the status of the products and also provides a substantial examination of top manufacturers of the market framework.
The study illustrates the abovementioned parameters of the global software as a service market through tables and figures. For instance, there are table that depict market value of each deployment model, application, and end user by region for the forecast period. There a few tables that show market share by geographies, applications, end users, and deployment models during the historic period. It depicts the same characteristics through figures.
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