ICT Industry Reports

Increasing trend of work from home and surging disposable income to drive the Global Software as a Service market in the forecast period. According to TechSci Research report,  “ Software as a Service (SaaS) Market  - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027” , the Global Software as a Service market was valued over USD149 billion in 2021 and is forecast to grow at CAGR of 19.31% to reach USD441.26 billion by 2027. Software as a Service (SaaS) allows companies to run applications at minimal cost while improving internal functionality of the companies therefore, many companies have adopted software as a service during pandemic to rearrange their operations and optimize efficiencies. For this, companies or organizations only have to pay the subscription price and all the information & software are located at the data center of service provider or company. Software applications are hosted in the cloud using the SaaS model, elimina...

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 ...