Though initially positioned as ideal for SMBs and startups, companies of all shapes and sizes are finding SaaS a palatable, affordable solution that empowers agility and digital transformation. Small firms of up to 50 employees use between 25-50 SaaS solutions, on average. For those is us in the SaaS world, this only the beginning! The software-as-a-service (SaaS) market is expected to surpass USD 220 billion by 2022, registering a CAGR of 13.1%. As more companies migrate towards a cloud-based, data-driven existence, the scope for offering practical software innovations will continue to rise, and rise, and rise. Looking at compound annual growth rate (CAGR) projections over a five-year period, SaaS is expected to grow 12%. SaaS industry trends aren’t showing any signs of slowing down, and innovative SaaS solutions will only continue to grow in the coming years. Saas-based Enterprise Resource Planning Market Trends Evaluation, Global Growth, Recent Developments, Latest Technology, and 2020-2026 : … SaaS acquisitions feels as if they’re happening daily, as bigger companies look for the next big SaaS thing. Let’s take a look at other estimates, trends, and statistics that indicate how much we’re pivoting to SaaS solutions. These more niche, more “miniature” SaaS offerings could prove increasingly valuable to businesses across industries in 2020, which means we can all expect a host of fresh micro-SaaS innovations over the next 12 or so months. The eight companies who first entered the top 50 biggest SaaS companies just this year, all went public only last year: Zoom, Slack, Datadog, Dynatrace, Medallia, PagerDuty, Change Health, and CrowdStrike. Excitement has been high owing to the introduction of newer technology in SaaS. Today, most companies are in the process of implementing various business intelligence strategies, turning to SaaS BI tools to assist them in their efforts. Ultimately, though SaaS might begin to slow this year, geo-economics may reverse that slowdown. At first, SaaS providers didn’t come with a complete integration solution. Trend #5: Unbundling Strategies Will Improve Conversions. From the introduction of artificial intelligence to platform unbundling and beyond, these SaaS trends for 2020 will shape the sector in the dawning of the new year. In terms of revenue: The SaaS growth rate—how quickly it is growing—is beginning to slow, however. That is $20 billion more than Gartner estimates for just a year ago, in 2019. As data continues to be the driving force behind smart business strategies in a digitally dependent world, SaaS options are going to be an increasingly convenient and affordable option across industries, both now and in the coming years. With the explosion of SaaS solutions and adoption by the market, the need to integrate them into an existing business system appeared. To put the relevance of this trend into perspective, here are 3 key advantages of using a PaaS development: The sixth of our software as a service trends comes in the form of a little something called micro-SaaS. A few years ago, not even industry experts envisioned that branding would play such a vital part in SaaS success, largely due to the fact that offering software as a solution or product was such a bold and previously unexplored area. Across software as a service niches, many vendors offer very similar features and solutions. We asked 11 experts – from founders, CEOs and senior marketers, to investors and VCs – and came up … All signs indicate that this coming year is going to be an interesting, trendsetting year for the trends in SaaS industry. As per the SaaS market research, the rising utilization of smartphones, tablets, and laptops, followed by the accelerating adoption of public and hybrid cloud, are the two major factors that are contributing to the market growth during the forecast period. Within business scenarios, artificial intelligence (as well as machine learning, in many cases) provides an advanced degree of responsiveness and interaction between businesses, customers, and technology, driving AI-based SaaS trends 2020 onto a new level. Companies who are looking to benefit from specialization are finding Vertical SaaS to be a cost-effective, industry-specific option that allows them to refine the customization of certain features. Connect with her at http://www.chrissykidd.com. SaaS is taking over the cloud computing market. By the end of 2017, every SaaS startup faced competition from nine other firms competing in the same SaaS market segment. Largest SaaS companies Saas-Based Supply Chain Management Software Market Trends, Insights, Analysis, Forecast 2020 – 2027 and Key Players - Kingdee, Royal 4, Oracle, Atos SE, SAP By Sandra Durcevic in News, Dec 11th 2019. Stability of the economy and investor interest in scalable cloud solutions have encouraged entrepreneurs, innovators, and enterprises to develop new SaaS solutions. The State of the SaaS Industry As we said, the SaaS market is booming and more and more companies are choosing SaaS to … The number and type of users of SaaS products has increased rapidly in recent years. In response to a new, more cutthroat climate, we expect to see more micro-SaaS innovations emerge from the woodwork this coming year. Let’s explore SaaS as an industry, how it affects companies of all sizes, and where the opportunities are through these 60 SaaS statistics and trends for 2020. As the first cloud service to truly take off, SaaS has a significant lead on other cloud services. Platform unbundling is one of the most disruptive SaaS trends that is set to dominate the industry in the coming years. As businesses continue to rely on innovative data discovery tools and technologies to increase both their productivity and their efficiency, and as new software as a service trends continue to emerge, this young, groundbreaking industry can only go from strength to strength. With an AI algorithm using the most advanced neural network for anomaly detection, and a machine-learning algorithm for pattern recognition, these data alerts learn from trends and patterns and let you know as soon as something important happens. Durcevic in News, Dec 11th 2019 more micro-SaaS innovations emerge from woodwork... Such as data alerts modern software providers based on usage are still figuring out what BI trends will on. Suitable business environment that facilitates healthy competition among SaaS vendors while the integration process is worked through SaaS is! 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