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(Wireless-NewsWire.Com, May 08, 2016 ) Software as a service (SaaS) is licensing of software on a fixed period subscription. SaaS is generally accessed using a web browser and is a business delivery model for many corporate applications, including messaging software, payroll software, database management software, computer designing software, gaming applications, development software, virtualization software, collaboration, accounting, customer relationship management (CRM), enterprise resource planning (ERP), management information systems (MIS), human resource management (HRM), invoicing, content management (CM), talent acquisition, service desk management, and antivirus software, as it offers significant prospects for the cloud service vendors to expand their businesses. SaaS has been integrated into the strategy of all upcoming and leading software companies, as it reduces cost of IT by outsourcing software and hardware support and maintenance.
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SaaS applications are more frequently updated than conventional software, in many instances on a monthly or weekly basis. The application is centrally hosted, so an update is executed by the vendor, not by the end-users. Further, the application has a single configuration, which makes development and testing quicker. In addition, the application provider does not have to spend on resources for maintaining and updating older versions of the software application, since there is only one version. Also, the application provider has access to all end-user data, which helps in faster processing, testing and designing of the software. The SaaS provider utilizes web analytics which makes it easier and convenient to identify areas worthy of improvement or enhancement. Google, Inc., Oracle Corporation, Amazon.com, Inc., Salesforce.com, Inc., Fujitsu Ltd., Workday, Inc., ADP, LLC, IBM Corporation, SAP SE, Blackboard, Inc., Symantec Corporation and Microsoft Corporation are some of the key players in the global SaaS market.
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In Asia Pacific (APAC) region, developing economies like China and India are anticipated to register significant growth within the SaaS market during the forecast period. APAC region is further expected to register significant growth owing to its countries such as Singapore, Hong Kong, Australia and New Zealand, increasingly adopting SaaS owing to the availability of applications delivery SaaS mode, enhanced broadband penetration, and overall larger acceptance of IT in general. Among the several industry verticals, the telecom sector leads the adoption of SaaS, owing to a significant awareness and implementation of SaaS solutions. From the viewpoint of the organization size, SMEs are accepting and implementing this technology as the initial capex of deploying SaaS is low.
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Table of Content:
1 Table of Contents
2 Introduction
3 Key Takeaways
4 Software as a Service (SaaS) Market Landscape
5 Software as a Service (SaaS) Market – Key Industry Dynamics
6 Software as a Service (SaaS) Market – Five Forces Analysis
7 Global Software as a Service (SaaS) Market Analysis
8 Global Software as a Service (SaaS) Market Revenue and Forecasts to 2025 –Deployment Model
9 Global Software as a Service (SaaS) Market Revenue and Forecasts to 2025 – Applications
10 Global Software as a Service (SaaS) Market Revenue and Forecasts to 2025 – End-user Verticals
11 Global Software as a Service (SaaS) Market Revenue and Forecasts to 2025 – Geographical Analysis
12 Global Software as a Service (SaaS) Market, Key Company Profiles
13 Appendix
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