Global Software as a service (SaaS) Market Overview, 2024-29
The Global Software as a service (SaaS) is segmented into By Deployment Type (Public Cloud, Private Cloud and Hybrid Cloud) By Application (Customer Relationship Management (CRM), Enterprise Resource Planning (ERP) Content, Collaboration & Communication, Supply Chain Management (SCM), Human Capital Management, BI & Analytics, Operations and manufacturing and others), By Enterprise Type (Large Enterprises, SMEs) and By Industry (BFSI, It & Telecommunication, Manufacturing, Retail, Healthcare, Education and others (Travel & Hospitality, automobile and media & entertainment industries)).
- Bonafide Research
- 30-04-2024
- Pages : 95
- Figures : 16
- Tables : 26
- Region : Global
- Category : IT & Telecommunications
- IT Products & Services
The Global Software as a Service (SaaS) Market is anticipated to cross USD 520 Billion by 2029, increasing from USD 225.68 Billion in 2023 with 15.78% CAGR by 2024-29.
- Historical Period2018-2022
- Base Year2023
- Forecast Period2024-2029
- Market Size (2023) USD 225.68 Billion
- Market Size (2029) USD 520 Billion
- CAGR (2024-2029) 15.78%
- Largest Market North America
- Fastest Market Asia-Pacific
- Format
Featured Companies
- 1. Adobe Inc
- 2. Cisco Systems Inc.
- 3. Oracle Corporation
- 4. Sap SE
- 5. Microsoft Corporation
- 6. Alphabet Inc
- 7. Salesforce, Inc.
- 8. Zoom Video Communications, Inc.
- 9. Atlassian Corporation
- More...
Software as a service (SaaS) Market Market Analysis
The SaaS market encompasses the delivery of software applications over the internet on a subscription basis, eliminating the need for on-premises installation and maintenance. This model offers numerous benefits, including cost-effectiveness, scalability, flexibility, and accessibility. The concept of delivering software over a network can be traced back to the 1960s and 1970s when mainframe computers were prevalent. During this era, software was typically accessed via terminals connected to centralized mainframe systems. However, this approach was limited by the high costs of hardware and the need for dedicated infrastructure. The true origins of SaaS, as we understand it today, can be attributed to the advent of the internet and the rise of application service providers (ASPs) in the late 1990s and early 2000s. ASPs offered software applications to businesses over the internet, often hosting them on their own servers and delivering them to customers on a subscription basis. This model provided businesses with access to software without the need for upfront investment in hardware or software licenses, thus reducing costs and improving accessibility. The term "Software as a Service" gained prominence in the mid-2000s as advancements in cloud computing, broadband internet, and web technologies paved the way for more robust and scalable SaaS solutions. Companies like Sales force, founded in 1999, played a pivotal role in popularizing the SaaS model with their cloud-based CRM platform. Governments around the world are increasingly implementing cybersecurity regulations to protect critical infrastructure and sensitive information from cyber threats. SaaS providers may be subject to regulations requiring them to implement appropriate security measures, conduct regular security assessments, and report data breaches. According to the research report, “Global Software as a Service (SaaS) Market Overview, 2029” published by Bonafide Research, the market is anticipated to cross USD 520 Billion by 2029, increasing from USD 225.68 Billion in 2023. The market is expected to grow with 15.78% CAGR by 2024-29. The shift towards SaaS solutions is driven by the demand for greater flexibility, scalability, and cost-effectiveness. Unlike traditional software models, where upfront investment in hardware and infrastructure is required, SaaS offers a subscription-based model, allowing businesses to pay only for the services they use on a recurring basis. Moreover, SaaS solutions offer enhanced accessibility and mobility, allowing users to access software applications from any internet-enabled device, anytime, and anywhere. This level of convenience has become increasingly important in today's interconnected world, where remote work and collaboration are on the rise. Additionally, SaaS providers often offer regular updates and maintenance, ensuring that users have access to the latest features and security patches without the need for manual installation or maintenance. The global SaaS market is also benefiting from the proliferation of digital transformation initiatives across various industries. As businesses seek to modernize their operations and adapt to rapidly evolving market dynamics, SaaS solutions provide a means to streamline processes, improve efficiency, and drive innovation. From customer relationship management (CRM) and enterprise resource planning (ERP) to human resources management and collaboration tools, SaaS offerings span a wide range of applications, catering to diverse business needs and verticals. The SaaS industry is characterized by intense competition, with numerous players vying for market share across different segments and regions. While established incumbents continue to dominate certain niches, there is also a proliferation of startups and emerging players offering innovative solutions to address specific pain points or verticals. This competitive landscape fosters innovation and drives continuous improvement, ultimately benefiting end-users through a wider array of choices and improved quality of services.
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Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally
Download SampleMarket Dynamic
Market Drivers • Digital Transformation Initiatives: Companies worldwide are increasingly investing in digital transformation to enhance their operational efficiency, improve customer experiences, and stay competitive. SaaS solutions offer flexibility, scalability, and cost-effectiveness, making them a preferred choice for businesses looking to modernize their IT infrastructure without heavy upfront investments. • Remote Work and Collaboration: the rise of remote work, accelerated further by global events such as the COVID-19 pandemic, has fueled the demand for cloud-based collaboration tools and productivity suites. SaaS applications enable employees to work from anywhere, accessing crucial business tools and data via the internet, thus driving the adoption of cloud-based solutions across industries. Market Challenges • Data Security and Privacy Concerns: as organizations increasingly rely on SaaS applications to store and process sensitive data, ensuring robust security measures becomes paramount. Data breaches and compliance issues pose significant challenges for SaaS providers and their clients. Addressing these concerns requires implementing stringent security protocols, compliance standards, and data protection mechanisms. • Integration Complexity: Many enterprises operate in multi-cloud or hybrid environments, utilizing a mix of SaaS, on-premises, and legacy systems. Integrating disparate systems to ensure seamless data flow and interoperability can be complex and resource-intensive. Compatibility issues, API limitations, and data silos often hinder integration efforts, slowing down digital transformation initiatives and impacting overall operational efficiency. Market Trends • Vertical-Specific SaaS Solutions: as the SaaS market matures, there's a growing trend towards niche or vertical-specific SaaS solutions tailored to meet the unique requirements of particular industries or business functions. Vertical SaaS offerings deliver specialized functionality, deeper domain expertise, and industry-specific compliance, catering to the distinct needs of sectors such as healthcare, finance, and manufacturing. • AI and Machine Learning Integration: Artificial Intelligence (AI) and Machine Learning (ML) technologies are increasingly being embedded into SaaS applications to enhance automation, personalization, and predictive analytics capabilities. AI-powered features such as intelligent data insights, automated workflows, and predictive maintenance empower businesses to derive actionable insights from vast amounts of data, driving better decision-making and operational efficiency.
Software as a service (SaaS) Market Segmentation
| By Deployment Type | Public Cloud | |
| Private Cloud | ||
| Hybrid Cloud | ||
| By Application | Customer Relationship Management (CRM) | |
| Enterprise Resource Planning (ERP) | ||
| Content, Collaboration & Communication | ||
| Supply Chain Management (SCM) | ||
| Human Capital Management | ||
| BI & Analytics | ||
| Operations and manufacturing | ||
| Others | ||
| By Enterprise Type | Large Enterprises | |
| SMEs | ||
| By Industry | BFSI | |
| It & Telecommunication | ||
| Manufacturing | ||
| Retail | ||
| Healthcare | ||
| Education | ||
| Others (Travel & Hospitality, automobile and media & entertainment industries | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Europe | Germany | |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Russia | ||
| Asia-Pacific | China | |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| South America | Brazil | |
| Argentina | ||
| Colombia | ||
| MEA | United Arab Emirates | |
| Saudi Arabia | ||
| South Africa | ||
Hybrid cloud deployment mode is growing in the global SaaS market due to its ability to provide flexibility, scalability, and security by combining the benefits of both public and private cloud environments. Hybrid cloud deployment mode has emerged as a prominent strategy in the global Software as a Service (SaaS) market, primarily due to its unparalleled ability to offer a blend of flexibility, scalability, and security. As organizations increasingly migrate their operations to the cloud, they are faced with the challenge of choosing between public, private, or hybrid cloud solutions. While public clouds offer scalability and cost-effectiveness and private clouds provide enhanced security and control, hybrid cloud deployment mode stands out by offering the best of both worlds. At its core, hybrid cloud architecture combines the advantages of both public and private clouds, allowing organizations to leverage the strengths of each while mitigating their respective weaknesses. The main reason behind the growing popularity of hybrid cloud deployment in the SaaS market can be attributed to its flexibility. With a hybrid cloud approach, organizations can seamlessly move workloads between public and private clouds based on specific requirements, workload demands, or regulatory compliance needs. This flexibility enables businesses to optimize their resources, scale dynamically, and adapt quickly to changing market conditions without being constrained by the limitations of a single cloud environment. Furthermore, scalability is another key driver fueling the adoption of hybrid cloud deployment in the SaaS market. By leveraging the elastic nature of public clouds alongside the dedicated resources of private clouds, organizations can easily scale their infrastructure and applications to meet growing demands without compromising performance or incurring unnecessary costs. The growth of Business Intelligence (BI) and analytics in the global SaaS market is driven by the increasing demand for data-driven decision-making, agile business operations, and cost-effective cloud-based solutions. The proliferation of Business Intelligence (BI) and analytics in the global Software as a Service (SaaS) market is emblematic of a paradigm shift towards data-driven decision-making and agile business operations. At its core, the main reason behind this exponential growth can be attributed to the escalating demand for insights-driven strategies that empower organizations to derive actionable intelligence from vast volumes of data while leveraging the flexibility and cost-effectiveness of cloud-based solutions. One of the primary drivers fueling the adoption of BI and analytics in the SaaS market is the relentless pursuit of data-driven decision-making. In today's hyper-competitive business landscape, organizations are inundated with a deluge of data from disparate sources, ranging from customer interactions and market trends to operational metrics and financial performance. In such a data-rich environment, the ability to extract meaningful insights and actionable intelligence from this wealth of information is paramount to gaining a competitive edge. BI and analytics solutions enable organizations to harness the power of advanced analytics techniques such as predictive modeling, machine learning, and data visualization to uncover hidden patterns, trends, and correlations within their data, thus empowering decision-makers to make informed choices that drive business growth and innovation. The growing complexity and diversity of business operations necessitate agile and adaptable solutions that can keep pace with evolving requirements and market dynamics. Traditional on-premises BI solutions often struggle to accommodate the scalability and flexibility demanded by modern enterprises, leading to operational inefficiencies and resource constraints. The growth of Small and Medium Enterprises (SMEs) in the global SaaS market is driven by their increasing recognition of the scalability, affordability, and accessibility of cloud-based software solutions for streamlining operations and driving growth. The burgeoning presence of Small and Medium Enterprises (SMEs) in the global Software as a Service (SaaS) market is emblematic of a fundamental shift towards leveraging cloud-based software solutions to overcome operational challenges, enhance productivity, and drive business growth. At its core, the main reason behind this surge can be attributed to SMEs' growing awareness of the scalability, affordability, and accessibility offered by SaaS platforms, which enable them to compete more effectively in today’s fast-paced and digitally-driven business landscape. One of the primary drivers fueling the adoption of SaaS among SMEs is the scalability and flexibility afforded by cloud-based software solutions. Unlike traditional on-premises software deployments, which often require significant upfront investments in hardware, infrastructure, and IT resources, SaaS offerings allow SMEs to scale their software usage according to their evolving needs and budget constraints. This scalability is particularly advantageous for SMEs, which often operate in dynamic and rapidly changing environments characterized by fluctuating demand, seasonal peaks, and unpredictable market conditions. By leveraging SaaS solutions, SMEs can quickly deploy, scale, and customize software applications without being encumbered by the constraints of traditional software licensing models, thus enabling them to adapt more effectively to changing business requirements and seize emerging opportunities. The affordability and cost-effectiveness of SaaS solutions make them an attractive option for cash-strapped SMEs seeking to maximize their operational efficiency and minimize their total cost of ownership. SaaS providers typically offer subscription-based pricing models that allow SMEs to access enterprise-grade software applications at a fraction of the cost of traditional software deployments. The growth of healthcare in the global SaaS market is driven by the increasing need for digitization, interoperability, and efficiency in healthcare operations, coupled with the growing demand for remote patient monitoring and telehealth solutions. The healthcare sector's expanding footprint in the global Software as a Service (SaaS) market is emblematic of a transformative shift towards digitization, interoperability, and efficiency in healthcare delivery. At its core, the main reason behind this growth can be attributed to the pressing need for healthcare organizations to embrace cloud-based software solutions that facilitate seamless collaboration, enhance patient care, and optimize operational workflows in an increasingly interconnected and data-driven healthcare ecosystem. One of the primary drivers fueling the adoption of SaaS in the healthcare sector is the imperative to digitize healthcare operations and processes. As healthcare organizations strive to transition from paper-based records and legacy systems to digital health technologies, SaaS solutions offer a compelling value proposition by providing cloud-based platforms that enable secure storage, access, and sharing of electronic health records (EHRs), medical imaging data, and clinical documentation. By leveraging SaaS-based EHR and practice management systems, healthcare providers can streamline administrative tasks, reduce paperwork, and improve clinical efficiency, thereby enhancing the quality of patient care and optimizing resource utilization. The growing emphasis on interoperability and data exchange within the healthcare ecosystem is driving the adoption of SaaS solutions that enable seamless integration and connectivity across disparate systems and healthcare settings. Interoperability challenges have long plagued the healthcare industry, hindering the efficient exchange of patient information between providers, payers, and other stakeholders. SaaS-based interoperability platforms and Health Information Exchange (HIE) solutions facilitate the secure exchange of electronic health data in real-time, enabling healthcare organizations to achieve a holistic view of patient health, improve care coordination, and support informed decision-making at the point of care.
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Software as a service (SaaS) Market Market Regional Insights
APAC is growing in the global SaaS market due to rapid digital transformation, expanding internet penetration, and the region's burgeoning tech-savvy population. The Asia-Pacific (APAC) region's emergence as a powerhouse in the global Software as a Service (SaaS) market can be attributed to a convergence of factors, with rapid digital transformation standing at the forefront. As businesses worldwide increasingly pivot towards cloud-based solutions to streamline operations and enhance scalability, APAC nations are embracing this technological shift with remarkable zeal. The proliferation of internet connectivity across the region has been a pivotal catalyst, providing the infrastructure necessary for SaaS adoption to flourish. With a burgeoning tech-savvy population, characterized by a growing number of digitally native consumers and a thriving startup ecosystem, APAC presents an attractive landscape for SaaS providers seeking to tap into new markets. One of the primary drivers propelling APAC's growth in the global SaaS market is the region's vibrant economic landscape, marked by dynamic emerging markets and established economies alike. Countries such as China, India, Japan, and South Korea have witnessed unprecedented levels of digital innovation and entrepreneurship, fostering a fertile ground for SaaS solutions across various sectors. As businesses across APAC seek to optimize their processes, reduce operational costs, and gain a competitive edge, the demand for cloud-based software solutions continues to surge. The COVID-19 pandemic has served as a catalyst, accelerating the pace of digital transformation across industries and underscoring the importance of cloud-based technologies. With remote work becoming the new norm, businesses in APAC have increasingly turned to SaaS platforms to enable seamless collaboration, enhance productivity, and ensure business continuity. Moreover, the diverse and heterogeneous nature of the APAC market presents a myriad of opportunities for SaaS providers to tailor their offerings to suit local preferences and requirements. From e-commerce and fintech to healthcare and logistics, each industry within the region presents unique challenges and opportunities that can be addressed through innovative SaaS solutions.
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Key Development
• In May 2023, Stibo Systems, a leading global provider of master data management software, joined Microsoft's Partner Program as an independent software exporter to create and host cloud-based Software as a Service on Microsoft Azure. • In 2023, cloud first policy was replaced by "Cloud Smart3" in many regional and national government due to increased demand for flexibility, visibility, speed, advanced security, and control across different environments. • In November 2022 IBM Corporation launched the New Cloud Modernization Center and IBM Z to accelerate its hybrid cloud portfolio. This will help IBM Z clients modernize their applications, processes, and data in open hybrid cloud architecture. • In August 2021, Google Cloud invested USD 1.2 billion in its German cloud computing program. The investment aimed to expand Germany's cloud infrastructure by adding a data center in Berlin.
Companies Mentioned
- Adobe Inc
- Cisco Systems Inc.
- Oracle Corporation
- Sap SE
- Microsoft Corporation
- Alphabet Inc
- Salesforce, Inc.
- Zoom Video Communications, Inc.
- Atlassian Corporation
- ServiceNow, Inc.
Table of Contents
- 1. Executive Summary
- 2. Market Dynamics
- 2.1. Market Drivers & Opportunities
- 2.2. Market Restraints & Challenges
- 2.3. Market Trends
- 2.3.1. XXXX
- 2.3.2. XXXX
- 2.3.3. XXXX
- 2.3.4. XXXX
- 2.3.5. XXXX
- 2.4. Covid-19 Effect
- 2.5. Supply chain Analysis
- 2.6. Policy & Regulatory Framework
- 2.7. Industry Experts Views
- 3. Research Methodology
- 3.1. Secondary Research
- 3.2. Primary Data Collection
- 3.3. Market Formation & Validation
- 3.4. Report Writing, Quality Check & Delivery
- 4. Market Structure
- 4.1. Market Considerate
- 4.2. Assumptions
- 4.3. Limitations
- 4.4. Abbreviations
- 4.5. Sources
- 4.6. Definitions
- 5. Economic /Demographic Snapshot
- 6. Global Software as a Service Market Outlook
- 6.1. Market Size By Value
- 6.2. Market Share By Region
- 6.3. Market Size and Forecast, By Geography
- 6.4. Market Size and Forecast, By Deployment Type
- 6.5. Market Size and Forecast, By Application
- 6.6. Market Size and Forecast, By Enterprise Type
- 6.7. Market Size and Forecast, By Industry
- 7. North America Software as a Service Market Outlook
- 7.1. Market Size By Value
- 7.2. Market Share By Country
- 7.3. Market Size and Forecast, By Deployment Type
- 7.4. Market Size and Forecast, By Application
- 7.5. Market Size and Forecast, By Enterprise Type
- 7.6. Market Size and Forecast, By Industry
- 8. Europe Software as a Service Market Outlook
- 8.1. Market Size By Value
- 8.2. Market Share By Country
- 8.3. Market Size and Forecast, By Deployment Type
- 8.4. Market Size and Forecast, By Application
- 8.5. Market Size and Forecast, By Enterprise Type
- 8.6. Market Size and Forecast, By Industry
- 9. Asia-Pacific Software as a Service Market Outlook
- 9.1. Market Size By Value
- 9.2. Market Share By Country
- 9.3. Market Size and Forecast, By Deployment Type
- 9.4. Market Size and Forecast, By Application
- 9.5. Market Size and Forecast, By Enterprise Type
- 9.6. Market Size and Forecast, By Industry
- 10. South America and Middle East & Africa Software as a Service Market Outlook
- 10.1. Market Size By Value
- 10.2. Market Share By Country
- 10.3. Market Size and Forecast, By Deployment Type
- 10.4. Market Size and Forecast, By Application
- 10.5. Market Size and Forecast, By Enterprise Type
- 10.6. Market Size and Forecast, By Industry
- 11. Competitive Landscape
- 11.1. Competitive Dashboard
- 11.2. Business Strategies Adopted by Key Players
- 11.3. Key Players Market Share Insights and Analysis, 2022
- 11.4. Key Players Market Positioning Matrix
- 11.5. Porter's Five Forces
- 11.6. Company Profile
- 11.6.1. Microsoft Corporation
- 11.6.1.1. Company Snapshot
- 11.6.1.2. Company Overview
- 11.6.1.3. Financial Highlights
- 11.6.1.4. Geographic Insights
- 11.6.1.5. Business Segment & Performance
- 11.6.1.6. Product Portfolio
- 11.6.1.7. Key Executives
- 11.6.1.8. Strategic Moves & Developments
- 11.6.2. Salesforce, Inc
- 11.6.3. Adobe Inc.
- 11.6.4. Oracle Corporation
- 11.6.5. SAP SE
- 11.6.6. Alphabet Inc
- 11.6.7. Atlassian Corporation
- 11.6.8. Zoom Video Communications, Inc.
- 11.6.9. ServiceNow, Inc.
- 11.6.10. Cisco Systems, Inc.
- 12. Strategic Recommendations
- 13. Annexure
- 13.1. FAQ`s
- 13.2. Notes
- 13.3. Related Reports
- 14. Disclaimer
Table 2: Influencing Factors for Software as a Service Market, 2023
Table 3: Top 10 Counties Economic Snapshot 2022
Table 4: Economic Snapshot of Other Prominent Countries 2022
Table 5: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 6: Global Software as a Service Market Size and Forecast, By Geography (2018 to 2029F) (In USD Billion)
Table 7: Global Software as a Service Market Size and Forecast, By Deployment Type (2018 to 2029F) (In USD Billion)
Table 8: Global Software as a Service Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 9: Global Software as a Service Market Size and Forecast, By Enterprise Type (2018 to 2029F) (In USD Billion)
Table 10: Global Software as a Service Market Size and Forecast, By Industry (2018 to 2029F) (In USD Billion)
Table 11: North America Software as a Service Market Size and Forecast, By Deployment Type (2018 to 2029F) (In USD Billion)
Table 12: North America Software as a Service Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 13: North America Software as a Service Market Size and Forecast, By Enterprise Type (2018 to 2029F) (In USD Billion)
Table 14: North America Software as a Service Market Size and Forecast, By Industry (2018 to 2029F) (In USD Billion)
Table 15: Europe Software as a Service Market Size and Forecast, By Deployment Type (2018 to 2029F) (In USD Billion)
Table 16: Europe Software as a Service Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 17: Europe Software as a Service Market Size and Forecast, By Enterprise Type (2018 to 2029F) (In USD Billion)
Table 18: Europe Software as a Service Market Size and Forecast, By Industry (2018 to 2029F) (In USD Billion)
Table 19: Asia-Pacific Software as a Service Market Size and Forecast, By Deployment Type (2018 to 2029F) (In USD Billion)
Table 20: Asia-Pacific Software as a Service Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 21: Asia-Pacific Software as a Service Market Size and Forecast, By Enterprise Type (2018 to 2029F) (In USD Billion)
Table 22: Asia-Pacific Software as a Service Market Size and Forecast, By Industry (2018 to 2029F) (In USD Billion)
Table 23: South America and Middle East & Africa Software as a Service Market Size and Forecast, By Deployment Type (2018 to 2029F) (In USD Billion)
Table 24: South America and Middle East & Africa Software as a Service Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 25: South America and Middle East & Africa Software as a Service Market Size and Forecast, By Enterprise Type (2018 to 2029F) (In USD Billion)
Table 26: South America and Middle East & Africa Software as a Service Market Size and Forecast, By Industry (2018 to 2029F) (In USD Billion)
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Software as a Service Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Software as a Service Market Share By Region (2023)
Figure 6: North America Software as a Service Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: North America Software as a Service Market Share By Country (2023)
Figure 8: Europe Software as a Service Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: Europe Software as a Service Market Share By Country (2023)
Figure 10: Asia-Pacific Software as a Service Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Asia-Pacific Software as a Service Market Share By Country (2023)
Figure 12: South America and Middle East Africa Software as a Service Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 13: South America and MEA Software as a Service Market Share By Country (2023)
Figure 14: Competitive Dashboard of top 5 players, 2023
Figure 15: Market Share insights of key players, 2023
Figure 16: Porter's Five Forces of Global Software as a Service Market
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