Software as a Service (SaaS) Market worth US$ 418.92 Bn by 2025– The Software as a Service (SaaS) Market worth US$ 418. | страница 2

Software as a Service (SaaS) Market to 2025 Introduction A set of many software that are developed and hosted by a third party member for various industrial implementations today is Software as a Service or more commonly called as SaaS. The SaaS model has replaced the traditional Application Service Provider (ASP) model in which many of the hidden costs of having on-premise software gets eliminated. The user always uses the latest version of the software. The installation, maintenance and up gradation of software is all managed by the third party vendor itself that results in saving huge amounts of capital expenditures for an organization deploying SaaS. The organization here does not own the software and instead uses it on-demand on a pay-per-usage basis from the vendor. The global SaaS market is expected to grow at a CAGR of 28.3% during the forecast period 2016 – 2025 and accounts for US$ 418.92 Bn in the year 2025. The global software as a service segments the market on the basis of deployment model, applications, end-users and regions. The deployment model segment is divided into public model, private model and the hybrid model. The applications segment is further subdivided into broad categories namely CRM, HRM, ERP, SCM and Others. SME’s, Large Enterprises and Government constitute the end-users for the global SaaS market. Among the applications, CRM and HRM are estimated to have the largest market shares for the SaaS market. The HRM market is expected to grow at a CAGR of 28.3% and have the largest market share at the end of the forecast period. Browse Complete Report @ http://www.theinsightpartners.com/reports/software-as-a-service-saasmarket Contact Us : [phone]| E-Mail : [email protected]