United Kingdom (UK): software as a service market revenue 2019-2029

The revenue in the 'Software as a Service' segment of the public cloud market in the United Kingdom was forecast to continuously increase between 2024 and 2029 by in total 26.5 billion U.S. dollars (+158.59 percent). After the tenth consecutive increasing year, the revenue is estimated to reach 43.16 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the 'Software as a Service' segment of the public cloud market was continuously increasing over the past years.

Find more in-depth information regarding the revenue concerning the public cloud market in Switzerland and the revenue concerning the public cloud market in France.

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Revenue of the software as a service market in the United Kingdom from 2019 to 2029 (in billion U.S. dollars)

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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

Software as a Service (SaaS) refers to the type of public cloud service that delivers software applications over the internet on a subscription basis. Users can access and use the software through web browsers without having to install or maintain it locally. SaaS eliminates the need for purchasing, installing, and updating software, thus offering convenience and automatic updates while allowing users to focus on using the software to meet their requirements. The SaaS market includes the companies that provide these types of cloud-based software resources and services to individuals, businesses, and organizations. A typical example of this type of service is Microsoft Office 365, an SaaS suite of applications (e.g., Word, Excel, and PowerPoint) available for purchase by subscription and accessible via a web browser.

Additional Information:

The Software as a Service (SaaS) market comprises revenue, revenue change, average spend per employee, and key player market shares as key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players of the SaaS market include companies such as Microsoft (Office 365), Salesforce (Customer 360), Oracle (Cloud applications), and IBM (Cloud).

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