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Global Software as a Service market analysis report

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Global Software as a Service (SaaS) Market Dynamics - Insights & Projections

This report provides comprehensive insights and detailed statistics on the cloud computing SaaS sphere, offering a panoramic view of market trends and growth projections. Essential for understanding SaaS market development and its impact on digital transformation.

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Global Software as a Service
(SaaS) 2024 Market Dynamics:
Insights and Projections

Format: PDF | 25 pages | Region: Worldwide |
April 2024 | Delivery: Immediate

Key findings

  • The SaaS market is expected to continue its growth trajectory, with a forecast to hit a valuation of approximately $232 billion by 2024.
  • The Infrastructure as a Service (IaaS) segment is projected to expand significantly, with a growth rate of 32.7% from 2022 to 2024.
  • In 2023, 75% of enterprises reported using Microsoft Azure, with a hybrid cloud strategy being deployed by 72% of enterprise respondents.
  • The United States leads with about 9100 SaaS companies, while the United Kingdom follows with 1500 companies as of 2024​​.
  • As of September 2023, Zoho led the CRM SaaS sector, earning revenues exceeding $500 million​​.
  • Cloud security spending is forecasted to grow nearly 25% from 2023 to 2024, highlighting the increasing shift of companies towards cloud solutions.
  • As of January 2024, the leading industry for SaaS was artificial intelligence software, followed by analytics, e-commerce, and security software industries.
  • The global public cloud service market is anticipated to reach an estimated $679 billion in 2024.

And much more.

Public cloud application services/software as a service (SaaS) end-user spending worldwide from 2015 to 2024 (in billion U.S. dollars)

Inside the report

Overview

  • Information technology (IT) services spending forecast worldwide from 2008 to 2024
  • Public cloud services end-user spending worldwide from 2017 to 2024
  • Public cloud services annual growth rate worldwide in 2022 to 2024, by segment
  • Public cloud application services/software as a service (SaaS) end-user spending worldwide from 2015 to 2024

Segments

  • Enterprise spending on cloud and data centers by segment from 2009 to 2022
  • As-a-service market (IaaS & SaaS) annual contract value (ACV) worldwide from 2015 to 2023, by quarter
  • Leading software as a service (SaaS) countries worldwide in 2024, by number of companies
  • Leading B2B software as a service (SaaS) customer relationship management (CRM) companies worldwide in 2023, by total revenue
  • IT security spending growth rate worldwide in 2024, by segment

Companies

  • Distribution of cloud Software as a Service (SaaS) market revenues worldwide from 2015 to 2022, by vendor
  • Global Google Cloud revenues from 2017 to 2023

Consumption

  • Current enterprise public cloud adoption worldwide from 2017 to 2023, by service
  • Enterprise annual spend on public cloud worldwide from 2023, by amount of spend
  • Enterprise cloud strategy worldwide from 2017 to 2023, by cloud type
  • Leading industries for Software as a Service (SaaS) companies worldwide as of January 2024, by number of costumers

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