Software as a Service - Czechia | Statista Market Forecast

Revenue in the Software as a Service market is projected to reach US$612.40m 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 20.17%, resulting in a market volume of US$1.53bn 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).

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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 Czechia is witnessing steady growth, propelled by factors like rising demand for digital solutions, growing health consciousness among individuals, and the ease of accessing online health services through the Public Cloud. The average growth rate of the market is influenced by factors such as increasing investments in digital infrastructure and the government's initiatives to promote the adoption of digital technologies in the healthcare sector.

Customer preferences: As Czechia continues to embrace the use of public cloud services, there has been a noticeable increase in the adoption of Software as a Service (SaaS) solutions. This shift can be attributed to the growing preference for cost-effective and scalable software solutions, coupled with the increasing need for remote work capabilities. Additionally, the country's tech-savvy population and its strong digital infrastructure have also contributed to the growth of the SaaS market within the public cloud market.

Trends in the market: In Czechia, the Software as a Service (SaaS) market is experiencing a surge in demand, driven by the growing need for remote work solutions. This trend is expected to continue, as more businesses adopt cloud-based software to streamline operations and reduce costs. Additionally, there is a rising trend towards subscription-based models, providing more flexibility and scalability for companies. This presents opportunities for SaaS providers to expand their offerings and cater to a wider range of customers. However, this also poses a challenge for traditional software providers, as they must adapt to the changing market landscape to remain competitive. As SaaS becomes a dominant model in the public cloud market, stakeholders must stay current with the latest trends to stay relevant and capitalize on the potential growth of this market.

Local special circumstances: In Czechia, the Software as a Service Market within the Public Cloud Market is experiencing significant growth due to the country's strong IT infrastructure and high level of digital literacy. Additionally, the government's focus on digital transformation and data protection regulations have created a favorable environment for SaaS companies. Furthermore, the country's central location in Europe makes it an attractive market for international SaaS providers looking to expand their reach. This combination of factors has contributed to the rapid adoption of SaaS solutions by businesses of all sizes in Czechia.

Underlying macroeconomic factors: The growth of the Software as a Service Market within the Public Cloud Market in Czechia is largely impacted by macroeconomic factors such as technological advancements, government initiatives promoting digitalization, and investments in IT infrastructure. Countries with supportive regulatory environments and strong investment in cloud technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding for IT infrastructure. Furthermore, the increasing demand for digitization and the adoption of cloud-based solutions by businesses of all sizes are driving the growth of the Software as a Service Market within the Public Cloud Market in Czechia.

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.