Software as a Service (SaaS) Market to 2025 - Global Analysis and Forecasts by Cloud Deployment Model, Applications and End-user
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.
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The global software as a service segments the market on the basis of deployment model, applications, end-users and regions. The deployment model segment is divided into public model, private model and the hybrid model. The applications segment is further subdivided into broad categories namely CRM, HRM, ERP, SCM and Others. SME's, Large Enterprises and Government constitute the end-users for the global SaaS market.