Pune, India, Aug. 03, 2022 (GLOBE NEWSWIRE) — The global Software as a Service Market Size is expected to gain momentum by reaching USD 716.52 billion by 2028 while exhibiting a stellar CAGR of 27.5% between 2022 to 2028. In its report titled “SaaS Market, 2022-2028,” Fortune Business Insight mentions that the market stood at USD 113.82 billion in 2020 and USD 130.69 billion in 2021.
SaaS is one of the primary components of cloud computing. Companies and organizations are using the SaaS model in varied applications such as conferencing, salesforce automation, customer relationship management (CRM), web content management, and others. Thus with the increasing demand, the market is expected to grow substantially during the forecast period. For instance, in June 2021, Kylas announced the launch of an Enterprise-Grade SaaS CRM Product for the Indian market to support cloud computing.
Industry Development:
- July 2021: Tata Consultancy Services (TCS) announced the launch of Jile 5.0. It is an updated version of SaaS-based corporate agile application. This new solution will help businesses to offer large-scale development needs across numerous remote teams.
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Report Scope:
| Report Coverage | Details |
| Forecast Period | 2022-2028 |
| Forecast Period 2022 to 2028 CAGR | 27.5% |
| 2028 Value Projection | USD 716.52 billion |
| … |
