Software As A Service (SaaS) Market Size, Share, and Trends 2024 to 2034

The global software as a service (SaaS) market size is calculated at USD 408.21 billion in 2025 and is forecasted to reach around USD 1,251.35 billion by 2034, accelerating at a CAGR of 13.32% from 2025 to 2034. The North America software as a service (SaaS) market size surpassed USD 164.83 billion in 2024 and is expanding at a CAGR of 13.36% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : April 2025
  • Report Code : 3267
  • Category : ICT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Software as a Service (SaaS) Market 

5.1. COVID-19 Landscape: Software as a Service (SaaS) Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Software as a Service (SaaS) Market, By Deployment

8.1. Software as a Service (SaaS) Market, by Deployment

8.1.1. Public Cloud

8.1.1.1. Market Revenue and Forecast

8.1.2. Private Cloud

8.1.2.1. Market Revenue and Forecast

8.1.3. Hybrid Cloud

8.1.3.1. Market Revenue and Forecast

Chapter 9. Global Software as a Service (SaaS) Market, By Enterprise-size

9.1. Software as a Service (SaaS) Market, by Enterprise-size

9.1.1. Small & Medium Enterprises

9.1.1.1. Market Revenue and Forecast

9.1.2. Large Enterprises

9.1.2.1. Market Revenue and Forecast

Chapter 10. Global Software as a Service (SaaS) Market, By Component 

10.1. Software as a Service (SaaS) Market, by Component

10.1.1. Software

10.1.1.1. Market Revenue and Forecast

10.1.2. Services

10.1.2.1. Market Revenue and Forecast

Chapter 11. Global Software as a Service (SaaS) Market, By Application

11.1. Software as a Service (SaaS) Market, by Application

11.1.1. Customer Relationship Management (CRM)

11.1.1.1. Market Revenue and Forecast

11.1.2. Human Capital Management

11.1.2.1. Market Revenue and Forecast

11.1.3. Enterprise Resource Planning (ERP)

11.1.3.1. Market Revenue and Forecast

11.1.4. BI & Analytics

11.1.4.1. Market Revenue and Forecast

11.1.5. Content, Collaboration & Communication

11.1.5.1. Market Revenue and Forecast

11.1.6. Others

11.1.6.1. Market Revenue and Forecast

Chapter 12. Global Software as a Service (SaaS) Market, By End-User Industry

12.1. Software as a Service (SaaS) Market, by End-User Industry

12.1.1. Banking, Financial Services & Insurance (BFSI)

12.1.1.1. Market Revenue and Forecast

12.1.2. Healthcare

12.1.2.1. Market Revenue and Forecast

12.1.3. Retail & Consumer Goods

12.1.3.1. Market Revenue and Forecast

12.1.4. Manufacturing

12.1.4.1. Market Revenue and Forecast

12.1.5. Education

12.1.5.1. Market Revenue and Forecast

12.1.6. Travel & Hospitality

12.1.6.1. Market Revenue and Forecast

12.1.7. Others

12.1.7.1. Market Revenue and Forecast

Chapter 13. Global Software as a Service (SaaS) Market, Regional Estimates and Trend Forecast

13.1. North America

13.1.1. Market Revenue and Forecast, by Deployment

13.1.2. Market Revenue and Forecast, by Enterprise-size

13.1.3. Market Revenue and Forecast, by Component

13.1.4. Market Revenue and Forecast, by Application

13.1.5. Market Revenue and Forecast, by End-User Industry

13.1.6. U.S.

13.1.6.1. Market Revenue and Forecast, by Deployment

13.1.6.2. Market Revenue and Forecast, by Enterprise-size

13.1.6.3. Market Revenue and Forecast, by Component

13.1.6.4. Market Revenue and Forecast, by Application

13.1.6.5. Market Revenue and Forecast, by End-User Industry  

13.1.7. Rest of North America

13.1.7.1. Market Revenue and Forecast, by Deployment

13.1.7.2. Market Revenue and Forecast, by Enterprise-size

13.1.7.3. Market Revenue and Forecast, by Component

13.1.7.4. Market Revenue and Forecast, by Application

13.1.7.5. Market Revenue and Forecast, by End-User Industry

13.2. Europe

13.2.1. Market Revenue and Forecast, by Deployment

13.2.2. Market Revenue and Forecast, by Enterprise-size

13.2.3. Market Revenue and Forecast, by Component

13.2.4. Market Revenue and Forecast, by Application  

13.2.5. Market Revenue and Forecast, by End-User Industry  

13.2.6. UK

13.2.6.1. Market Revenue and Forecast, by Deployment

13.2.6.2. Market Revenue and Forecast, by Enterprise-size

13.2.6.3. Market Revenue and Forecast, by Component

13.2.7. Market Revenue and Forecast, by Application  

13.2.8. Market Revenue and Forecast, by End-User Industry  

13.2.9. Germany

13.2.9.1. Market Revenue and Forecast, by Deployment

13.2.9.2. Market Revenue and Forecast, by Enterprise-size

13.2.9.3. Market Revenue and Forecast, by Component

13.2.10. Market Revenue and Forecast, by Application

13.2.11. Market Revenue and Forecast, by End-User Industry

13.2.12. France

13.2.12.1. Market Revenue and Forecast, by Deployment

13.2.12.2. Market Revenue and Forecast, by Enterprise-size

13.2.12.3. Market Revenue and Forecast, by Component

13.2.12.4. Market Revenue and Forecast, by Application

13.2.13. Market Revenue and Forecast, by End-User Industry

13.2.14. Rest of Europe

13.2.14.1. Market Revenue and Forecast, by Deployment

13.2.14.2. Market Revenue and Forecast, by Enterprise-size

13.2.14.3. Market Revenue and Forecast, by Component

13.2.14.4. Market Revenue and Forecast, by Application

13.2.15. Market Revenue and Forecast, by End-User Industry

13.3. APAC

13.3.1. Market Revenue and Forecast, by Deployment

13.3.2. Market Revenue and Forecast, by Enterprise-size

13.3.3. Market Revenue and Forecast, by Component

13.3.4. Market Revenue and Forecast, by Application

13.3.5. Market Revenue and Forecast, by End-User Industry

13.3.6. India

13.3.6.1. Market Revenue and Forecast, by Deployment

13.3.6.2. Market Revenue and Forecast, by Enterprise-size

13.3.6.3. Market Revenue and Forecast, by Component

13.3.6.4. Market Revenue and Forecast, by Application

13.3.7. Market Revenue and Forecast, by End-User Industry

13.3.8. China

13.3.8.1. Market Revenue and Forecast, by Deployment

13.3.8.2. Market Revenue and Forecast, by Enterprise-size

13.3.8.3. Market Revenue and Forecast, by Component

13.3.8.4. Market Revenue and Forecast, by Application

13.3.9. Market Revenue and Forecast, by End-User Industry

13.3.10. Japan

13.3.10.1. Market Revenue and Forecast, by Deployment

13.3.10.2. Market Revenue and Forecast, by Enterprise-size

13.3.10.3. Market Revenue and Forecast, by Component

13.3.10.4. Market Revenue and Forecast, by Application

13.3.10.5. Market Revenue and Forecast, by End-User Industry

13.3.11. Rest of APAC

13.3.11.1. Market Revenue and Forecast, by Deployment

13.3.11.2. Market Revenue and Forecast, by Enterprise-size

13.3.11.3. Market Revenue and Forecast, by Component

13.3.11.4. Market Revenue and Forecast, by Application

13.3.11.5. Market Revenue and Forecast, by End-User Industry

13.4. MEA

13.4.1. Market Revenue and Forecast, by Deployment

13.4.2. Market Revenue and Forecast, by Enterprise-size

13.4.3. Market Revenue and Forecast, by Component

13.4.4. Market Revenue and Forecast, by Application

13.4.5. Market Revenue and Forecast, by End-User Industry

13.4.6. GCC

13.4.6.1. Market Revenue and Forecast, by Deployment

13.4.6.2. Market Revenue and Forecast, by Enterprise-size

13.4.6.3. Market Revenue and Forecast, by Component

13.4.6.4. Market Revenue and Forecast, by Application

13.4.7. Market Revenue and Forecast, by End-User Industry

13.4.8. North Africa

13.4.8.1. Market Revenue and Forecast, by Deployment

13.4.8.2. Market Revenue and Forecast, by Enterprise-size

13.4.8.3. Market Revenue and Forecast, by Component

13.4.8.4. Market Revenue and Forecast, by Application

13.4.9. Market Revenue and Forecast, by End-User Industry

13.4.10. South Africa

13.4.10.1. Market Revenue and Forecast, by Deployment

13.4.10.2. Market Revenue and Forecast, by Enterprise-size

13.4.10.3. Market Revenue and Forecast, by Component

13.4.10.4. Market Revenue and Forecast, by Application

13.4.10.5. Market Revenue and Forecast, by End-User Industry

13.4.11. Rest of MEA

13.4.11.1. Market Revenue and Forecast, by Deployment

13.4.11.2. Market Revenue and Forecast, by Enterprise-size

13.4.11.3. Market Revenue and Forecast, by Component

13.4.11.4. Market Revenue and Forecast, by Application

13.4.11.5. Market Revenue and Forecast, by End-User Industry

13.5. Latin America

13.5.1. Market Revenue and Forecast, by Deployment

13.5.2. Market Revenue and Forecast, by Enterprise-size

13.5.3. Market Revenue and Forecast, by Component

13.5.4. Market Revenue and Forecast, by Application

13.5.5. Market Revenue and Forecast, by End-User Industry

13.5.6. Brazil

13.5.6.1. Market Revenue and Forecast, by Deployment

13.5.6.2. Market Revenue and Forecast, by Enterprise-size

13.5.6.3. Market Revenue and Forecast, by Component

13.5.6.4. Market Revenue and Forecast, by Application

13.5.7. Market Revenue and Forecast, by End-User Industry

13.5.8. Rest of LATAM

13.5.8.1. Market Revenue and Forecast, by Deployment

13.5.8.2. Market Revenue and Forecast, by Enterprise-size

13.5.8.3. Market Revenue and Forecast, by Component

13.5.8.4. Market Revenue and Forecast, by Application

13.5.8.5. Market Revenue and Forecast, by End-User Industry

Chapter 14. Company Profiles

14.1. Adobe Inc.

14.1.1. Company Overview

14.1.2. Product Offerings

14.1.3. Financial Performance

14.1.4. Recent Initiatives

14.2. Microsoft

14.2.1. Company Overview

14.2.2. Product Offerings

14.2.3. Financial Performance

14.2.4. Recent Initiatives

14.3. Alibaba Cloud

14.3.1. Company Overview

14.3.2. Product Offerings

14.3.3. Financial Performance

14.3.4. Recent Initiatives

14.4. IBM

14.4.1. Company Overview

14.4.2. Product Offerings

14.4.3. Financial Performance

14.4.4. Recent Initiatives

14.5. Google LLC

14.5.1. Company Overview

14.5.2. Product Offerings

14.5.3. Financial Performance

14.5.4. Recent Initiatives

14.6. Salesforce, Inc.

14.6.1. Company Overview

14.6.2. Product Offerings

14.6.3. Financial Performance

14.6.4. Recent Initiatives

14.7. Oracle

14.7.1. Company Overview

14.7.2. Product Offerings

14.7.3. Financial Performance

14.7.4. Recent Initiatives

14.8. SAP SE

14.8.1. Company Overview

14.8.2. Product Offerings

14.8.3. Financial Performance

14.8.4. Recent Initiatives

14.9. Rackspace Technology, Inc.

14.9.1. Company Overview

14.9.2. Product Offerings

14.9.3. Financial Performance

14.9.4. Recent Initiatives

14.10. VMware Inc.

14.10.1. Company Overview

14.10.2. Product Offerings

14.10.3. Financial Performance

14.10.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research

15.2. Secondary Research

15.3. Assumptions

Chapter 16. Appendix

16.1. About Us

16.2. Glossary of Terms

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Frequently Asked Questions

The global software as a service (SaaS) market size was evaluated at USD 358.33 billion in 2024 and it is expected to increase USD 1,251.35 billion by 2034.

The global software as a service (SaaS) market will register growth rate of 13.32% between 2025 and 2034.

The major players operating in the software as a service (SaaS) market are Adobe Inc., Microsoft, Alibaba Cloud, IBM, Google LLC, Salesforce, Inc., Oracle, SAP SE, Rackspace Technology, Inc., VMware Inc., IONOS Cloud Inc., Cisco Systems, Inc., Atlassian, ServiceNow, and Others.

The driving factors of the software as a service (SaaS) market are the increasing adoption of public cloud services in various enterprises and increasing Count of SMEs.

North America region will lead the global software as a service (SaaS) market during the forecast period 2025 to 2034.

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