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(I-SoftwareNews.Com, October 11, 2018 ) The global Software as a Service Market was estimated at USD 34.78 Bn in 2014. This market is expected to grow at a CAGR of 28.3% between 2014 and 2025, to reach USD 418.92 Bn in the year 2025. Using applications via a web browser and handling it remotely reduces the concerns of maintenance and other costs but it transfers the control of applications to the third party vendor. In Software as a Service model, any organization who wants to use an application, uses it on a third party basis. Sometimes security concerns are raised by organizations with the power being in the hands of the SaaS vendor especially in cases of mission critical applications.
Reason to Buy:
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Engineering Software market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Engineering Software market, thereby allowing players across the value chain to develop effective long term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
- Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.
If You want to Purchase the Report Directly:
The report profiles key players such as Symantec Corporation, Google, Inc., Fujitsu Ltd., Amazon.com, Inc., ADP, LLC, IBM Corporation, Salesforce.com, Inc., Workday, Inc., Oracle Corporation, SAP SE and Microsoft Corporation are some of the major players in the global Software as a Service market.
Capital investments for setting up IT infrastructure in all organizations is a bit challenging issue, especially for small organizations and startups that lack sufficient funds. In addition, problems faced in scaling up or down the operations and additional deployment of human personnel for handling the IT, thus further ads up to the woes of organizations. It also leads to increased financial pressures and more time to reach the break-even for the respective organization.
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SaaS on the other hand enables smaller organizations access to world class software services at very cheaper rates. The reduced capital and operational expenditures combined with pay-as-per use model has attracted a large number of SME’s to adopt SaaS model in their organizations. This has enabled especially SME’s lesser time-to-market their products, increased profitability and quicker time to achieve the break-even point. With increasing number of SME’s in APAC countries like India and China and the growing awareness about the benefits of SaaS, its adoption by smaller organizations would be the booster for this market
A set of many software that are developed and hosted by a third party member for various industrial implementations today is Software as a Service or more commonly called as SaaS. The SaaS model has replaced the traditional Application Service Provider (ASP) model in which many of the hidden costs of having on-premise software gets eliminated. The user always uses the latest version of the software. The installation, maintenance and up gradation of software is all managed by the third party vendor itself that results in saving huge amounts of capital expenditures for an organization deploying SaaS. The organization here does not own the software and instead uses it on-demand on a pay-per-usage basis from the vendor.
Table of Content:
1.1 The Insight Partners Research Report Guidance
2 Key Takeaways
3 Market Landscape
3.2 Market Segmentation
3.2.1 By Deployment Model
3.2.2 By Applications
3.2.3 By End user
3.2.4 By Geography
4 Software as a Service Market - Key Industry Dynamics
4.1 Key Market Drivers
4.2 Key Market Restraints
4.3 Key Market Opportunities
4.4 Future Trends
5 Software as a Service Market- Porters Fiver Forces Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of Substitutes
5.1.4 Threat of New Entrants
5.1.5 Degree of Competition
The Insight Partners