Software as a Service - Russia | Statista Market Forecast

Revenue in the 0 market in Russia is projected to reach US$1.73bn in 2025.
The Software as a Service market is expected to dominate the market in Russia with a projected market volume of 0 in 2025.
Revenue in this sector is anticipated to exhibit an annual growth rate (CAGR 2025-2029) of 16.56%, leading to a market volume of US$3.20bn by 2029.
In a global context, the majority of revenue will be generated the United States, which is expected to reach US$221.46bn in 2025.
In Russia, the Software as a Service in the Public Cloud market is increasingly driven by demand for enhanced cybersecurity solutions amid growing geopolitical tensions.

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

Software as a Service: market data & analysis

The Software as a Service market in the Public Cloud market in Russia has seen subdued growth due to factors such as slow adoption of digital technologies, limited health awareness among consumers, and challenges in providing online health services.

Customer preferences: As the public cloud market in Russia continues to expand, there is a growing preference for Software as a Service (SaaS) solutions among businesses and organizations. This can be attributed to the increasing need for cost-effective and scalable software solutions, as well as the convenience of remote access and management. Additionally, the cultural shift towards digitalization and the rise of remote work have further accelerated the adoption of SaaS in the Russian market.

Trends in the market: In Russia, the Software as a Service Market within the Public Cloud Market is experiencing a surge in demand, with more companies turning to cloud-based solutions for their business needs. This trend is fueled by the increasing availability of high-speed internet and the growing adoption of digital transformation strategies. As a result, there is a growing trend of SaaS providers offering specialized solutions for different industries, such as financial services, healthcare, and retail. This trajectory is significant as it allows companies to streamline their operations and reduce costs, while also providing scalability and flexibility. Industry stakeholders can expect to see continued growth in this market, with potential implications including increased competition and a shift towards subscription-based pricing models.

Local special circumstances: In Russia, the Software as a Service Market within the Public Cloud Market is facing unique challenges due to the country's strict data localization laws and complex regulatory environment. This has resulted in limited adoption of cloud services among government agencies and state-owned enterprises. Additionally, cultural preferences for on-premise solutions and concerns over data security have hindered the growth of the market. However, with the government's push towards digitization and increasing demand for cost-effective solutions, the market is expected to witness significant growth in the coming years.

Underlying macroeconomic factors: The growth of the Software as a Service Market within the Public Cloud Market in Russia is affected by macroeconomic factors such as the country's economic stability, government policies aimed at promoting digital transformation, and investment in digital infrastructure. Countries with a strong focus on digital innovation and supportive policies are witnessing a rapid adoption of SaaS products, while regions with limited investment and regulatory challenges are facing slower growth. Furthermore, the rising demand for cost-effective and scalable software solutions, as well as the increasing penetration of internet services, are driving the growth of the SaaS market in Russia.

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.

Software as a Service - Russia

Revenue

Key Players

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