Software as a Service (SaaS) Market Size is Projected to Reach $307 Billion by 2026
This contrasts with the traditional model of paying for software through a perpetual license, with an upfront cost and optional ongoing support fee.
- This contrasts with the traditional model of paying for software through a perpetual license, with an upfront cost and optional ongoing support fee.
- Reports Valuates say s that the global Software as a Service (SaaS) market size is projected to reachUSD 307.3 Billionby 2026, fromUSD 158.2 Billionin 2020, at a CAGR of 11.7% during 2020-2026.
- The convergence of AI with SaaS enables organizations to achieve greater value through automation, personalizing, and security enhancement.
- According to industry reporter Statista, in 2021, the software as a service (SaaS) market is estimated to be worth approximately 123 billion U.S. dollars.