Software as a Service (SaaS) Market growing at a CAGR of 28.3% by 2025 – The Insight Partners

Software as a Service (SaaS) Market growing at a CAGR of 28.3% by 2025 – The Insight Partners

Using applications via a web browser and handling it remotely reduces the concerns of maintenance and other costs but it transfers the control of applications to the third party vendor. In Software as a Service model, any organization who wants to use an application, uses it on a third party basis. Sometimes security concerns are raised by organizations with the power being in the hands of the SaaS vendor especially in cases of mission critical applications. This totally depends on the comfort level of the organization whether it is willing to use software which are controlled by a third party vendor or deploy an on-premise software model. Security concerns are always a troublesome for an organization. Identity and access management always become a critical issue while entrusting control to a third party vendor for company sensitive data and business processes.

Browse market data tables and in-depth TOC of the Software as a Service (SaaS) Market to 2025 @

According to the new Market research study published by The Insight Partners, The Global Software as a Service Market was estimated at US$ 34.78 Bn in 2015. This market is expected to grow at a CAGR of 28.3% between 2016 and 2025, to reach US$ 418.92 Bn in the year 2025.

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 preferred mostly by smaller organizations to store, manage and process efficiently less critical and sensitive data. Larger organizations generally prefer private or hybrid cloud deployment models for their mission critical data. Lesser investments and easy integration with the legacy systems have made the adoption of public cloud deployment model more attractive among the organizations.

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