Global SaaS Market Set for 18.3% CAGR Through 2030, Driven by Cloud Shift and Industry-Specific Innovation

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TechMarket Experts, a unit of Industry Experts, Inc., has released a new research publication, Software-as-a-Service (SaaS) - A Global Market Overview, forecasting that the worldwide SaaS market will surge from US$282 billion in 2024 to US$774 billion by 2030, registering a CAGR of 18.3% during the analysis period. As enterprises shift from monolithic software systems to cloud-native, scalable solutions, SaaS adoption is accelerating across business functions and verticals. According to this new report, demand is particularly strong among mid-sized companies and regulated sectors such as healthcare and financial services.

The market is witnessing robust momentum across all regions. North America remains the largest regional market, supported by digital-first enterprise strategies, while Asia Pacific is the fastest-growing, driven by expanding internet infrastructure and aggressive cloud investments. SaaS platforms are becoming essential as organizations seek lower total cost of ownership, faster deployment, and continuous innovation. Flexible subscription models, AI-powered features, and integrations with collaboration, analytics, and workflow tools are transforming SaaS from an operational expense to a core competitive advantage.

Software-as-a-Service (SaaS) Market

The report reveals that among the various segments, industry sectors remain the primary growth engine, led by the BFSI sector in 2024 and closely followed by healthcare and manufacturing. These verticals demand high-performance SaaS applications to address compliance, security, and interoperability needs. Alongside this, by company type, mid-sized enterprises are showing exceptional growth as they embrace SaaS for agility, scalability, and IT cost savings, without the overhead of managing infrastructure.

Covering 29 independent country markets, the report segments the global SaaS landscape by component type (solutions and services), deployment model (public and private cloud), company type (large enterprises and mid-sized enterprises), application (collaboration & productivity, customer service & support, ERP & financials, human capital, marketing & sales, SCM & logistics, others), and industry sector (BFSI, government, healthcare, IT & telecom, manufacturing, retail & ecommerce, others). It also profiles over 30 major players, including Adobe, Atlassian, Google, Microsoft, Oracle, Salesforce, SAP, ServiceNow, and Workday, highlighting strategic initiatives, innovations, and cloud roadmaps shaping the competitive landscape.

For sample pages or purchase options, contact +1-320-497-3787 or visit Software-as-a-Service (SaaS) Market Report.

About TechMarket Experts
TechMarket Experts, a unit of Industry Experts, Inc., is your trusted source for independent and unbiased market research reports focused exclusively on the Information Technology (IT) and IT-enabled services industries. We provide the reliable insights you need to unlock your tech growth and power your strategic decisions in today's dynamic IT landscape. For more information, call +1-320-497-3787 or visit https://techmarketexperts.com.

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