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Post by account_disabled on Dec 20, 2023 3:12:55 GMT
This allows companies to use the software without having to download it and take up space. General SaaS statistics and facts The SaaS market is projected to reach 623 billion in 2021 with an annual growth rate of 18. healthcare industry is growing by 20 per year. 70 of IT directors believe that the benefits of SaaS are scalability and agility. Even small businesses are getting involved in SaaS almost 78 of them have invested in SaaS services. Microsoft is one of the leading SaaS phot editor vendors with 45 annual growth. Oracle is in second place with 43 growth followed by SAP at Adobe at 32 and Salesforce at 25. The most commonly used application in the public cloud is websites followed by email. In 2018 approximately 20 of US RD was spent by SaaS vendors spending approximately 63.1 billion. In 2020 SaaS exceeded the expected growth of 500 billion and reached 1 trillion By 2025 the SaaS market is projected to reach 832.1 billion. About 37 of companies have implemented SaaS to achieve greater flexibility. SaaS is starting to take the lead 38 of companies say they use SaaS entirely. The global data visualization tools market is expected to reach USD 11.6 billion by 2028 at a CAGR of 11.1. It is predicted that by 2025 80 of companies will completely switch to SaaS.
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