Vertical Saas Industry Statistics

In this post, we’ll explore the dynamic landscape of the Vertical SaaS industry through a series of compelling statistics. From the impressive market size growth projections to the dominant role of Small and Medium-sized Enterprises (SMEs), these figures paint a vivid picture of the thriving SaaS ecosystem. Additionally, we’ll delve into the key industries driving Vertical SaaS adoption and the significant impact of venture capital activity on its expansion. Join us as we uncover the latest trends and insights shaping the future of Vertical SaaS.

Statistic 1

"In 2015, the global Vertical SaaS market size was valued at USD 1602 million."

Statistic 2

"According to a study by McKinsey, over the next three years, the SaaS market is expected to grow at over 26%."

Statistic 3

"Vertical SaaS market in the Asia-Pacific region is also anticipated to witness substantial growth over the next few years."

Statistic 4

"The Vertical SaaS revenue market was reported to have a market size of 1783 Million USD in the year 2019."

Statistic 5

"The Global Vertical SaaS Market growth rate is expected to rise at a CAGR of 30.92% from 2020 to 2024."

Statistic 6

"Small and Medium-sized Enterprises (SMEs) are the largest segment in vertical SaaS market, with a share of nearly 60%."

Statistic 7

"By 2025, it's expected that over 86% of companies will be using SaaS."

Statistic 8

"Since 2014, venture capital activity in the software sector has more than doubled, and the vertical SaaS market has been a primary beneficiary of this activity."

Statistic 9

"In 2019, approximately 78% of small businesses were using at least one SaaS platform."

Statistic 10

"In 2018, Vertical SaaS sales were reported to have a market share of 28% in North America."

Statistic 11

"The biggest industries for SaaS in 2020 were Retail, Healthcare, Manufacturing, and Financial Services, accounting for almost 45% of the total market."

Statistic 12

"Over 51% of businesses are currently transitioning their infrastructure to the cloud, expanding the potential market for vertical SaaS solutions."

Statistic 13

"The SaaS market expenditure is projected to reach approximately $140 billion in 2022, with vertical SaaS expected to contribute significantly to this growth."

The statistics presented highlight a strong growth trajectory for the Vertical SaaS industry, with consistent increases in market size, revenue, and adoption rates expected in the coming years. Projections indicate significant potential for expansion, particularly in the Asia-Pacific region, as well as continued dominance by SMEs as the largest market segment. The increasing reliance on SaaS solutions across various industries and the surge in venture capital activity within the software sector further underscore the industry’s upward momentum. With the growing adoption of cloud infrastructure and the projected rise in market expenditure, vertical SaaS is poised to play a pivotal role in driving innovation and efficiency across businesses globally, making it a key player in the software market landscape.