Software is a computer program which fulfills a
particular purpose or activity for the user with lesser efforts. It is an
application based program produced for the users need. Many of the software
never need a service as they are designed for small needs. However, many
software are used on repetitive working basis and have a wide variety of users,
and need an after-purchase service. The service market today is run either for
a product based service or for a client based service.
The rising technological needs, rapid industrial growth
and the growing knowledge of industrial applications have propelled the growth
of this market. Technological advancement has led to the need for the
fulfillment of specific requirements through software and this increases the
need of software services. Increasing IT industries and the need for customized
services are some of the major factors driving this market.
Asia-Pacific is
gaining attention as a demand driver for SaaS but most of the top companies are
of North American origin. India is among the major demand sources for these
SaaS companies. On the other hand, China is growing the market for SaaS because
of the country’s rapid industrial growth. The available resources and
advancement in technology is supporting China and India to excel in this market
at an impressive rate.
Some of the market players in this industry are
Salesforce, SAP, Oracle, Microsoft 365, Workday Inc., Intuit Inc., Zuora, Pardot,
NetSuite, and Marketo Inc.
This research report analyzes this market depending on
its market segments, major geographies, and current market trends. Geographies
analyzed under this research report include :-
North America ,Asia Pacific ,Europe,Rest of the
World
This report is a complete study of current trends in
the market, industry growth drivers, and restraints. It provides market
projections for the coming years. It includes analysis of recent developments
in technology, Porter’s five force model analysis and detailed profiles of top
industry players. The report also includes a review of micro and macro factors
essential for the existing market players and new entrants along with detailed
value chain analysis.
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