GITNUX MARKETDATA REPORT 2024

Must-Know Saas Industry Statistics [Latest Report]

With sources from: computereconomics.com, gartner.com, ciodive.com, fortunebusinessinsights.com and many more

In this post, we will explore a compilation of insightful statistics concerning the Software as a Service (SaaS) industry. These statistics provide a comprehensive overview of the current state and projected growth of the SaaS market, highlighting key trends and preferences among organizations and users. Let’s dive into the numbers that shape the landscape of the SaaS industry.

Statistic 1

"By 2022, the SaaS market is expected to reach $141 billion."

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Statistic 2

"80% of United States end users prefer SaaS for organization and communication."

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Statistic 3

"38% of companies work almost entirely on SaaS."

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Statistic 4

"The SaaS market is to grow at a CAGR of 27.7% from 2020 to 2027."

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Statistic 5

"73% of organizations say nearly all their apps will be SaaS by 2021."

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Statistic 6

"Public cloud service market is expected to reach $623.3 billion by 2023 worldwide."

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Statistic 7

"By 2021, SaaS will generate nearly $141 billion."

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Statistic 8

"The global SaaS market is projected to grow at 18.6% CAGR between 2021 and 2026."

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Statistic 9

"In 2020, 89% of companies used SaaS-based applications."

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Statistic 10

"Software as a Service (SaaS) market share is expected to reach $157 billion in 2020."

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Statistic 11

"The average organization uses 137 unique SaaS apps."

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Statistic 12

"The worldwide cloud computing market grew to $209.2 billion in 2019."

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Statistic 13

"The Customer Relationship Management (CRM) SaaS market was the largest segment of the SaaS market accounting for 35.4% of the total in 2020."

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Statistic 14

"Adoption of SaaS among organizations increased by 33% in 2020."

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Interpretation

The statistics presented highlight the significant growth and widespread adoption of Software as a Service (SaaS) in the global market. These numbers point towards a continued trajectory of expansion, with projections indicating that SaaS will play an increasingly pivotal role in organizational operations and communication strategies. The data suggest that the shift towards SaaS-based applications is well underway, with a majority of companies already leveraging these solutions. As the SaaS market continues to evolve and innovate, it is clear that organizations will increasingly rely on this technology to drive efficiency and productivity in the coming years.

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