Market Highlights —
Software as a Service market is growing tremendously owing to factors such as wide adoption of on-demand software in various industries and increase in number of startup companies in various domains around the world. SaaS is a delivery model which helps the user to utilize all the available feature of any program over cloud. This model also eliminates the licensing any software as companies provides the remote access to their clients over the internet. Fast and reliable, easy customization and low cost are some of the factors which is helping the market growth whereas factors such as believe in traditional software model and security loopholes are some of the drawbacks which is expected to restraint the market growth.
Software as s Service can be deployed on various platform. This report include detail study of platform such as public cloud, private cloud, hybrid cloud and community cloud. As of now, private cloud and public are showing major positive trend and companies are understanding the system of hybrid cloud. Community cloud holds the fourth position in the market.
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This report also include the detailed study of end user segment. Market Research Future analysis show that SMEs are showing more interest in SaaS due to the subscription model and low cost whereas large enterprises area still developing the roadmap for adoption of SaaS models in their business environment.
The Software as a Service Market has been segmented on the basis of-
• By Deployment- Public Cloud, Private Cloud, Hybrid Cloud and Community Cloud.
• By End User- SMEs and Large Enterprises among others
• By Industry- IT & Telecommunication, Entertainment, BFSI, Manufacturing, Healthcare, Retail among others.
The major players operating in the market of Software as a Service are- Salesforce (U.S.), LinkedIn (U.S.), Concur Technologies (U.S.), Workday, Inc. (U.S.), IBM Corporation (U.S), Oracle Corporation (U.S.), NetSuite Inc. (U.S.), Medidata Solutions (U.S.), ServiceNow, Inc. (U.S.), Microsoft Inc. (U.S.), Google Inc. (U.S.), Zuora (U.S.) among others.
North America is dominating the market of software as a service due to various factors such as- presence of global players is giving competitive advantage to North American countries, rich entertainment industry and high adoption of on-demand software among others. Besides, U.S. has emerged as technologically advanced country which is also helping the growth of Software as a Service market. Europe stands as second biggest market for SaaS. Countries such as U.K., Germany, France and Italy which falls under umbrella of developed countries are generating heavy demand for on-demand software for various industries. Asia-Pacific has emerged as fastest growing market. Growing economy of countries, new government policies in order to promote startups and global attention to the business environment are some of the major factor which is driving the market of SaaS in Asia-Pacific.
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• Software developers
• Government Agencies
• On-Demand Software providers
• Cloud service providers
• Cloud computing companies
• Research Institutes & Universities
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Release ID: 446724