The global public cloud software as a service (SaaS) market is forecast to reach 157 billion U.S. dollars in size in 2020, more than doubling the market size in 2014. Together with platform as a service (PaaS) and infrastructure as a service (IaaS), SaaS if one of the three main categories of cloud computing.
What is SaaS?
Sometimes referred to as “on-demand software”, SaaS is a software distribution model where the service provider hosts the application at a data center for customers to access via the internet. By subscribing to the service, customers no longer need to maintain the hardware or other resources that were previously required, and instead can access the software simply via a client program or web browser. Human capital management (HCM) software, collaboration software and customer relationship management (CRM) software are among the applications where public cloud SaaS has a high penetration rate.
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Total size of the public cloud software as a service (SaaS) market from 2008 to 2020
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Forbes, & Tata Communications. (March 1, 2019). Total size of the public cloud software as a service (SaaS) market from 2008 to 2020 (in billion U.S. dollars) [Graph]. In Statista. Retrieved January 27, 2025, from https://www.statista.com/statistics/510333/worldwide-public-cloud-software-as-a-service/
Forbes, und Tata Communications. "Total size of the public cloud software as a service (SaaS) market from 2008 to 2020 (in billion U.S. dollars)." Chart. March 1, 2019. Statista. Accessed January 27, 2025. https://www.statista.com/statistics/510333/worldwide-public-cloud-software-as-a-service/
Forbes, Tata Communications. (2019). Total size of the public cloud software as a service (SaaS) market from 2008 to 2020 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: January 27, 2025. https://www.statista.com/statistics/510333/worldwide-public-cloud-software-as-a-service/
Forbes, and Tata Communications. "Total Size of The Public Cloud Software as a Service (Saas) Market from 2008 to 2020 (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Mar 2019, https://www.statista.com/statistics/510333/worldwide-public-cloud-software-as-a-service/
Forbes & Tata Communications, Total size of the public cloud software as a service (SaaS) market from 2008 to 2020 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/510333/worldwide-public-cloud-software-as-a-service/ (last visited January 27, 2025)
Total size of the public cloud software as a service (SaaS) market from 2008 to 2020 (in billion U.S. dollars) [Graph], Forbes, & Tata Communications, March 1, 2019. [Online]. Available: https://www.statista.com/statistics/510333/worldwide-public-cloud-software-as-a-service/
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