Global Software as a Service (SaaS) Industry

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Global Software as a Service (SaaS) Market to Reach $219.5 Billion by 2027NEW YORK, Sept. 9, 2020 /PRNewswire/ — Amid the COVID-19 crisis, the global market for Software as a Service (SaaS) estimated at US$68.2 Billion in the year 2020, is projected to reach a revised size of US$219.5 Billion by 2027, growing at a CAGR of 18.2% over the analysis period 2020-2027. Public Cloud, one of the segments analyzed in the report, is projected to record a 18.3% CAGR and reach US$88.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Private Cloud segment is readjusted to a revised 15.8% CAGR for the next 7-year period. Read the full report: https://www.reportlinker.com/p05961155/?utm_source=PRN The U.S. Market is Estimated at $20.3 Billion, While China is Forecast to Grow at 17.9% CAGR The Software as a Service (SaaS) market in the U.S. is estimated at US$20.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$38.7 Billion by the year 2027 trailing a CAGR of 17.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets …

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