Software as a Service (SaaS) Market to account for US$ 418.92 Bn in the year 2025
SaaS deployment model is the biggest challenge for an ISV. Customers do not want to get intertwined by an ISV, and they probably look for comfort.
The Software as a Service (SaaS) market accounted for US$34.78 Bn in the year 2015 and is expected to grow at a CAGR of 28.3% during theforecast period 2016 - 2025, to account for US$ 418.92 Bn in the year 2025.
The SaaS model has proved to be boon for organizations butat the same time it has affected the businesses of ISVs. A bigger challengesawaits the Independent Software Vendors whether to adapt to SaaS model orcontinue with some value added features. With their solutions becoming obsolete they quickly need to find a way out to still attract the customers which usually they had. The process of re-engineering their products is also rather morechallenging and hence the reluctance shown by them to adapt to SaaS models.Their clients use their core solutions which have been built over the years. They either have multiple products assimilated inorganically or a list of products that have been established by different teams.
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The skills to re-engineer these products are found rarely,thus hampering the ISVs’ ability to remain competitive. An ISV generally wouldtake 18 or 36 months to re-engineer and considering the business scenariotoday, this time frame is highly unacceptable. The time frame to re-engineerthe package takes the ISV out of competition completely.
The study conducts SWOT analysis to evaluate strengths andweaknesses of the key players in the Software as a Service (SaaS) market.Further, the report conducts an intricate examination of drivers and restraintsoperating in the market. The report also evaluates the trends observed in theparent market, along with the macro-economic indicators, prevailing factors,and market appeal according to different segments. The report also predicts theinfluence of different industry aspects on the Software as a Service (SaaS)market segments and regions.
Scope of the Report
The research on the Software as a Service (SaaS) marketfocuses on mining out valuable data on investment pockets, growthopportunities, and major market vendors to help clients understand theircompetitor's methodologies. The research also segments the Software as aService (SaaS) market on the basis of end user, product type, application, anddemography for the forecast period 2017-2025. Comprehensive analysis ofcritical aspects such as impacting factors and competitive landscape areshowcased with the help of vital resources, such as charts, tables, andinfographics.
The research report provides deep insights into the globalmarket revenue, parent market trends, macro-economic indicators, and governingfactors, along with market attractiveness per market segment. The reportprovides an overview of the growth rate of the Software as a Service (SaaS)market during the forecast period, i.e., 2017-2025. Most importantly, thereport further identifies the qualitative impact of various market factors onmarket segments and geographies. The research segments the market on the basis of product type, application, technology, and region. To offer more clarityregarding the industry, the report takes a closer look at the current status ofvarious factors including but not limited to supply chain management, nichemarkets, distribution channel, trade, supply, and demand and productioncapability across different countries.
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Major highlights of the report:
All-inclusive evaluation of the parent market
Evolution of significant market aspects
Industry-wide investigation of market segments
Assessment of market value and volume in past, present, andforecast years
Evaluation of market share
Study of niche industrial sectors
Tactical approaches of market leaders
Lucrative strategies to help companies strengthen theirposition in the market
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