Software as a Service - GCC
GCC- In the GCC region, revenue in the 0 market is projected to reach US$1.79bn in 2025.
- The Software as a Service market sector is expected to dominate the market with a projected volume of 0 in the same year.
- Revenue in the GCC is anticipated to demonstrate an annual growth rate (CAGR 2025-2029) of 19.82%, leading to a market volume of US$3.70bn by 2029.
- In a global context, the highest revenue will be generated the United States, amounting to US$221.46bn in 2025.
- The GCC region is increasingly adopting Software as a Service in the Public Cloud market, driven by a surge in digital transformation initiatives across various sectors.
- XMO_HIGHLIGHTS_PROMOTED_REGIONS
- Japan,
- United Kingdom,
- United States,
- Italy,
- Germany
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
