SaaS Market Size & Share Report, 2021-2028
SaaS Market The Software as a Service (SaaS) Market was valued at USD 153.4 Billion in 2020 and is expected to reach USD 521 billion in 2028, growing at a robust CAGR of 16.5% during the period (2021-2028). The factors driving the growth of SaaS Market includes growing demand for smartphones and tablets, increasing adoption of cloud-based solutions, rising trend of business outsourcing and technological advancements by key manufacturers. Moreover, the increasing application of Software as a Service (SaaS) in the end-use industries such as BSFI, Consumer goods, Healthcare and Education, integration of advanced technologies such as Artificial Intelligence (AI), machine learning and Internet of Things (IoT) and rising penetration of internet, are some of the additional factors boosting the SaaS Market Growth . In addition, the increasing application of SaaS for improving the Customer Relationship Management (CRM), enhancing the Supply chain management, monitoring Product life cycle...