Global Software as a Service (SaaS) Market to Reach $219.5 Billion by 2027
NEW YORK, Sept. 9, 2020 — (PRNewswire) — Amid the COVID-19 crisis, the global market for Software as a Service (SaaS) estimated at US$68.2 Billion in the year 2020, is projected to reach a revised size of US$219.5 Billion by 2027, growing at a CAGR of 18.2% over the analysis period 2020-2027. Public Cloud, one of the segments analyzed in the report, is projected to record a 18.3% CAGR and reach US$88.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Private Cloud segment is readjusted to a revised 15.8% CAGR for the next 7-year period.
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The U.S. Market is Estimated at $20.3 Billion, While China is Forecast to Grow at 17.9% CAGR
The Software as a Service (SaaS) market in the U.S. is estimated at US$20.3 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$38.7 Billion by the year 2027 trailing a CAGR of 17.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.3% and 15.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.6% CAGR.
Hybrid Cloud Segment to Record 20.3% CAGR
In the global Hybrid Cloud segment, USA, Canada, Japan, China and Europe will drive the 20.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$15.4 Billion in the year 2020 will reach a projected size of US$56.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$25.5 Billion by the year 2027.We bring years of research experience to this 9th edition of our report. The 188-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,
- Avaya, Inc.
- Epicor Software Corporation
- Google LLC
- Hewlett Packard Enterprise Development LP (HPE)
- IBM Corporation
- Infor
- Microsoft Corporation
- Oracle Corporation
- Salesforce.com, Inc.
- SAP SE
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares
Software as a Service (SaaS) Competitor Market Share Scenario
Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
Table 1: Software as a Service (SaaS) Global Market Estimates
and Forecasts in US$ Million by Region/Country: 2020-2027
Table 2: Software as a Service (SaaS) Market Share Shift across
Key Geographies Worldwide: 2020 VS 2027
Table 3: Public Cloud (Deployment) World Market by
Region/Country in US$ Million: 2020 to 2027
Table 4: Public Cloud (Deployment) Market Share Breakdown of
Worldwide Sales by Region/Country: 2020 VS 2027
Table 5: Private Cloud (Deployment) Potential Growth Markets
Worldwide in US$ Million: 2020 to 2027
Table 6: Private Cloud (Deployment) Market Sales Breakdown by
Region/Country in Percentage: 2020 VS 2027
Table 7: Hybrid Cloud (Deployment) Geographic Market Spread
Worldwide in US$ Million: 2020 to 2027
Table 8: Hybrid Cloud (Deployment) Market Share Distribution in
Percentage by Region/Country: 2020 VS 2027
Table 9: Customer Relationship Management (Type) World Market
Estimates and Forecasts by Region/Country in US$ Million: 2020
to 2027
Table 10: Customer Relationship Management (Type) Market Share
Breakdown by Region/Country: 2020 VS 2027
Table 11: Supply Chain Management (Type) World Market by
Region/Country in US$ Million: 2020 to 2027
Table 12: Supply Chain Management (Type) Market Share
Distribution in Percentage by Region/Country: 2020 VS 2027
Table 13: Business Intelligence (Type) World Market Estimates
and Forecasts in US$ Million by Region/Country: 2020 to 2027
Table 14: Business Intelligence (Type) Market Percentage Share
Distribution by Region/Country: 2020 VS 2027
Table 15: Enterprise Resource Planning (Type) Market
Opportunity Analysis Worldwide in US$ Million by
Region/Country: 2020 to 2027
Table 16: Enterprise Resource Planning (Type) Market Share
Distribution in Percentage by Region/Country: 2020 VS 2027
Table 17: Web conferencing (Type) World Market by
Region/Country in US$ Million: 2020 to 2027
Table 18: Web conferencing (Type) Market Share Breakdown of
Worldwide Sales by Region/Country: 2020 VS 2027
Table 19: Business Process Management (Type) Potential Growth
Markets Worldwide in US$ Million: 2020 to 2027
Table 20: Business Process Management (Type) Market Sales
Breakdown by Region/Country in Percentage: 2020 VS 2027
Table 21: Other Types (Type) Geographic Market Spread Worldwide
in US$ Million: 2020 to 2027
Table 22: Other Types (Type) Market Share Distribution in
Percentage by Region/Country: 2020 VS 2027
Table 23: BFSI (End-Use) Worldwide Latent Demand Forecasts in
US$ Million by Region/Country: 2020-2027
Table 24: BFSI (End-Use) Distribution of Global Sales by
Region/Country: 2020 VS 2027
Table 25: Retail (End-Use) Sales Estimates and Forecasts in US$
Million by Region/Country for the Years 2020 through 2027
Table 26: Retail (End-Use) Global Market Share Distribution by
Region/Country for 2020 and 2027
Table 27: Government (End-Use) Global Opportunity Assessment in
US$ Million by Region/Country: 2020-2027
Table 28: Government (End-Use) Percentage Share Breakdown of
Global Sales by Region/Country: 2020 VS 2027
Table 29: Telecom (End-Use) Worldwide Sales in US$ Million by
Region/Country: 2020-2027
Table 30: Telecom (End-Use) Market Share Shift across Key
Geographies: 2020 VS 2027
Table 31: Manufacturing (End-Use) Global Market Estimates &
Forecasts in US$ Million by Region/Country: 2020-2027
Table 32: Manufacturing (End-Use) Market Share Breakdown by
Region/Country: 2020 VS 2027
Table 33: Other End-Uses (End-Use) Demand Potential Worldwide
in US$ Million by Region/Country: 2020-2027
Table 34: Other End-Uses (End-Use) Share Breakdown Review by
Region/Country: 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Software as a Service (SaaS) Market Share (in %) by Company:
2019 & 2025
Market Analytics
Table 35: Software as a Service (SaaS) Market in US$ Million in
the United States by Deployment: 2020-2027
