Software as a Service (SaaS) Market to Surpass USD 412.34 Billion by 2030 on Account of Rising A…>
– iCrowd Newswire
The Software as a Service (SaaS) market is estimated to surpass USD 412.34 billion by 2030, propelled by the rising adoption of public cloud services and rising availability of secured internet servers, according to a report by Fortune Business Insights titled “Software as a Service (SaaS) Market: Global Market Analysis, Insights, and Forecast, 2019 -2030.” Over the coming years, the market is anticipated to benefit from the digitalization of business activities, which is further being fueled by the evolving technology landscape and rising demand for qualitative products and services.
Furthermore, the technological advancements like server virtualization and Internet of Things (IoT) are also expected to make a significant contribution to the market expansion.
Additionally, numerous factors like scalability, cost effectiveness, and user-friendly interface are further driving the adoption of SaaS solutions, which include payroll processing, document management, contact management, customer relationship management (CRM), and customer service.
Moreover, emergence of application programming interfaces (APIs) and other integration techniques are expected to create remunerative growth prospects during the forecast period.
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