Concerns regarding the privacy and security of data have been the biggest factor that has refrained organizations from adopting the SaaS solutions. Companies with mission critical data have preferred the traditional on-premise legacy systems to manage their data. Enhanced data protection for such mission critical and sensitive data would be a differentiating factor for SaaS vendors. This differentiation would serve as a huge opportunity for large organizations to adopt SaaS-based solutions and further strengthen its market.
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
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.
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The global Software as a Service market is bifurcated based on deployment model as: private cloud, public cloud, and hybrid cloud. Furthermore, the global SaaS market can be further divided by applications into ERP, HRM, CRM, supply chain management (SCM) and manufacturing and operations among others. Additionally, while considering on the basis of end-user SaaS can be further classified into small & medium enterprises (SMEs), BFSI, large enterprises, government, and others (such as hospitality, retail, etc.).
Currently, Software as a Service model has seen significant adoption by large organizations. SaaS has various applications for larger enterprises such as the horizontal SaaS caters to the needs of a particular community of all...