GITNUX MARKETDATA REPORT 2024

Saas Market Statistics: Market Report & Data

Statistic 1

"The global SaaS market is projected to reach $145.5 billion in 2022."

Sources Icon

Statistic 2

"By 2022, more than 75% of companies will be running virtually all of their applications on SaaS."

Sources Icon

Statistic 3

"85% of small companies have already invested in SaaS options."

Sources Icon

Statistic 4

"The CRM application segment held the largest SaaS market share of 25% in 2020."

Sources Icon

Statistic 5

"By 2023, 95% of new IT spending will be made on cloud-based models, mainly SaaS."

Sources Icon

Statistic 6

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

Sources Icon

Statistic 7

"The North American SaaS market was valued at $48.70 billion in 2018."

Sources Icon

Statistic 8

"The annual growth rate of SaaS spend per company increased by 50% from 2017-2020."

Sources Icon

Statistic 9

"By 2021, the penetration rate of SaaS solutions in enterprises was 36.5%."

Sources Icon

Statistic 10

"The Enterprise SaaS market is now generating $100B in annual revenues."

Sources Icon

Statistic 11

"The global cloud-based messaging SaaS market size is expected to reach $6.54 billion by 2025."

Sources Icon

Statistic 12

"As of October 2021, Microsoft was considered the largest vendor in the SaaS market, with a market share of 19.7 percent."

Sources Icon

Statistic 13

"Healthcare vertical is expected to grow at the highest CAGR (Compound Annual Growth Rate) from 2021 to 2026 in the SaaS market."

Sources Icon

Statistic 14

"The average business uses 137 unique SaaS applications."

Sources Icon

Statistic 15

"The SaaS market in Asia Pacific is expected to grow at a CAGR of 34.28% from 2021 to 2026."

Sources Icon

Statistic 16

"Over 60% of businesses consider SaaS and cloud services as important for executing their business strategies."

Sources Icon

Statistic 17

"75% of all databases will be deployed or migrated to a cloud platform by 2022."

Sources Icon

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!