Software as a Service - Algeria | Statista Market Forecast

Revenue in the Software as a Service market is projected to reach US$149.90m in 2024.
0.0 dominates the market with a projected market volume of 0.0 in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 17.53%, resulting in a market volume of US$336.00m by 2029.
In global comparison, most revenue will be generated United States (US$187.20bn in 2024).

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).

For more information on the data displayed, use the info button right next to the boxes.

Enterprise software, such as SAP ERP, Oracle ERP Cloud, Salesforce CRM, and Microsoft Dynamics365
Productivity software, such as Microsoft 365, Google Workspace, and Adobe Creative Cloud

System infrastructure software, such as Microsoft Windows Operating System and Linux Operating System
On-premises software, such as on-premises versions of Microsoft Office, SAP ERP, and Oracle Database
Business-Process-as-a-Service (BPaaS), such as payroll management and accounting solutions via ADP Workforce Now, Intuit QuickBooks Online, Workday, and Oracle NetSuite

The Software as a Service market in Algeria has been steadily growing in the Public Cloud market. The mild growth rate can be attributed to factors such as the increasing adoption of digital technologies, growing awareness about the benefits of online services, and the convenience offered by SaaS solutions. These factors are driving the market forward and impacting its growth rate positively.

Customer preferences: The rise of remote work and virtual collaboration has resulted in a growing demand for cloud-based software solutions, driving the growth of the Software as a Service market within the Public Cloud market in Algeria. With the increasing adoption of digital tools, businesses are looking for flexibility, scalability, and cost-efficiency, leading to a surge in demand for SaaS solutions. This trend is also fueled by the country's young and tech-savvy population, who are accustomed to using digital services and expect seamless and user-friendly software experiences.

Trends in the market: In Algeria, the Software as a Service Market within the Public Cloud Market is experiencing a surge in demand for cloud-based solutions, driven by the increasing adoption of digital transformation strategies by businesses and government agencies. This trend is expected to continue in the coming years, with a growing focus on cost-effective and scalable IT solutions. Additionally, there is a rising trend towards hybrid cloud models, where companies are combining public and private cloud services to optimize their operations. These trends have significant implications for industry stakeholders, as they will need to adapt to meet the evolving needs of their clients and remain competitive in the market.

Local special circumstances: In Algeria, the Software as a Service Market within the Public Cloud Market is influenced by the country's unique regulatory landscape. The government has implemented strict data protection laws, which has led to a slow adoption of cloud-based services. Additionally, the country's limited internet infrastructure and low internet penetration rates pose challenges for the growth of the market. However, with the increasing demand for digital transformation and the government's efforts to improve ICT infrastructure, the market is expected to see growth in the coming years.

Underlying macroeconomic factors: The Software as a Service Market within the Public Cloud Market in Algeria is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in digital infrastructure. Algeria's strong focus on digital transformation and modernization efforts has created a favorable environment for the growth of the public cloud market. Additionally, the country's stable economic growth, favorable fiscal policies, and increasing adoption of digital solutions across various sectors are driving the demand for Software as a Service offerings. Moreover, the growing demand for cost-effective and scalable solutions, coupled with the need for improved data security, is expected to further propel the growth of the Software as a Service Market within the Public Cloud Market in Algeria.

Data coverage:

The data encompasses B2B and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP and level of telecommunications infrastructure.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Together with platform as a service (PaaS) and infrastructure as a service (IaaS), software as a service (SaaS) is one of the three primary tiers of cloud computing. It allows businesses to redirect resources away from IT hardware, software, and personnel expenses, and towards other business needs. Currently, the most prominent companies in the SaaS market are Microsoft, Salesforce, Oracle, SAP, and Google.