According to a new market research study titled ‘Software as a Service Market to 2025 – Global Analysis and Forecasts by Deployment Model, Applications and End-user’, the global software as a service market was valued at US$ 34.78 Bn in 2015 and is estimated to reach US$ 418.92 Bn by 2025. The report highlights the trends prevalent in the global SaaS market and the factors driving the market along with those that act as deterrents to its growth.
Browse market data tables and in-depth TOC of the Software as a Service (SaaS) Market to 2025 @ http://www.theinsightpartners.com/reports/software-as-a-service-saas-market
Capital investments for setting up IT infrastructure in all organizations is a bit challenging issue, especially for small organizations and startups that lack sufficient funds. In addition, problems faced in scaling up or down the operations and additional deployment of human personnel for handling the IT, thus further ads up to the woes of organizations. It also leads to increased financial pressures and more time to reach the break-even for the respective organization.
SaaS on the other hand enables smaller organizations access to world class software services at very cheaper rates. The reduced capital and operational expenditures combined with pay-as-per use model has attracted a large number of SME’s to adopt SaaS model in their organizations. This has enabled especially SME’s lesser time-to-market their products, increased profitability and quicker time to achieve the break-even point. With increasing number of SME’s in APAC countries like India and China and the growing awareness about the benefits of SaaS, its adoption by smaller organizations would be the booster for this market
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Currently, almost 80% of the SaaS-based deployments are off-premise and third party operated. This deployment model is the public cloud model. Public cloud models are...