Software as a Service (SaaS) Market Outlook 2027 By Global Industry Size, Share, Trends, Competition
According to TechSci Research, The global Software as a Service (SaaS) Market is expected to reach USD441.26 billion by 2027, growing at a CAGR of 19.31% owing to the rising demand for data backup & recovery. SaaS solutions eliminate the time-consuming task of performing weekly backups by triggering automatic backups without user intervention, ensuring the integrity of company data which is expected to fuel the growth of the Software as a Service (SaaS) across the globe. Adoption of Subscription Based Services Driving Market Growth Digital subscription solutions have expanded acceptance of many software applications due to their convenience and cost-saving features. Business applications are increasingly being seen as a cost-effective solution for branch offices and other facilities with limited IT expertise by global organizations. Such services are hosted within the firewall capabilities of large organizations with no data security concerns and the requisite infrastructure ...