Software as a Service (SaaS) Market By Size, Share, Trends, Growth, Opportunities 2027
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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...