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(Wireless-NewsWire.Com, April 12, 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.
The Global SaaS Market is segmented on the basis of type of deployment model, namely: private cloud, public cloud, and hybrid cloud. In addition, the global SaaS market is segmented by applications into CRM, ERP, HRM, manufacturing and operations, and supply chain management (SCM) among others. Furthermore, global SaaS market is classified on the basis of end-user in terms of enterprise size into small & medium enterprises (SMEs), large enterprises, BFSI, government, and others (such as hospitality, retail, etc.).
Software as a service principally spreads the concept of the application service provider (ASP) model. However, the term SaaS is frequently used in more particular settings, whereas ASPs are more focused on hosting and managing third-party software. SaaS providers generally develop and manage their own software. Also, many ASPs offer more conventional client-server models that need software installation at user end, however SaaS primarily requires a web browser and does not need any installation at the user end. Furthermore, most initial ASPs offered a separate instance of the user application for each enterprise, however, SaaS solutions generally utilize a multi-tenant approach, in which the user application serves multiple enterprise business and partitions its data information accordingly.
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Global Software as a Service Market Key Company Profiles: Google, Oracle Corporation, Amazon, Salesforce, Fujitsu, Workday, ADP, IBM Corporation, SAP SE, Blackboard, Symantec Corporation & Microsoft Corporation.
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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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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Major Points from Table of Contents
8. Global Software as a Service (SaaS) Market Revenue and Forecasts to 2025 –Deployment Model
8.1 Overview
8.2 Private Cloud
8.3 Public Cloud
8.4 Hybrid Cloud
9. Global Software as a Service (SaaS) Market Revenue and Forecasts to 2025 – Applications
9.1 Overview
9.2 Customer Relationship Management (CRM)
9.3 Enterprise Resource Planning (ERP)
9.4 Human Resource Management (HRM)
9.5 Manufacturing and Operations
9.6 Supply Chain Management (SCM)
10. Global Software as a Service (SaaS) Market Revenue and Forecasts to 2025 – End-user Verticals
10.1 Overview
10.2 Small & Medium Enterprises (SMEs)
10.3 Large Enterprises
10.4 Government
10.5 BFSI
10.6 Others (Hospitality, Retail, etc.)
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