SAAS (SOFTWARE AS A SERVICE) ENTERPRISE APPLICATIONS MARKET ANALYSIS

SaaS (Software as a Service) Enterprise Applications Market, by Applications (Customer relationship management, Human capital management, ERP Services and Operations Management, Collaboration, Procurement, Supply Chain Management, Marketing & Sales, and Others), by Enterprise Size (SME’s and Large Enterprises), by End-use Industry (Transportation and Logistics, IT and Telecommunications, Manufacturing, BFSI, Defence and Government, Retail, Healthcare, Energy and Utilities, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022-2028

To Be Published : Nov 2024
Code : CMI3114
Formats :
Excel and PDF
Industry : Information and Communication Technology

SaaS (Software as a Service) Enterprise Applications MarketSize and Trends

Market- Trends

The major factor driving the growth of the SaaS (Software as a Service) enterprise applications market is the rising adoption of cloud-based services by all end-use industries such as manufacturing, BFSI, retail, healthcare, owing to features such as enhanced scalability and flexibility of SaaS based deployment option. As SaaS is an on-demand solution, small organizations can use a software application without having to purchase it. Which, in turn, will save the cost of installing large servers, infrastructure overheads, cost related to additional resources and inventory management cost due to SaaS based deployment option.

Additionally, rising internet penetration across the globe is facilitating the adoption of SaaS enterprise application market. For instance, according to Our World in Data, globally the number of internet users has increased from 413 million in 2000 to 3.4 billion in 2016, and China, India, and the U.S. are the top countries with the most number of internet users.