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Software as a Service (SaaS) Market Global Revenue, Trends, Growth, Share, Size and Forecast to 2022
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The global software as a service (SaaS) market report offers in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and challenges in the software as a service (SaaS) market.
KEY PREMIUM INDUSTRY INSIGHTS
The growing trend of software outsourcing by the large enterprises is increasing the demand for software as a service (SaaS), driving the growth of the software as a service (SaaS) market.
The rising shift of the major end-user verticals, such as BFSI and IT & telecom sectors towards cloud computing and reducing IT costs is anticipated to fuel the software as a service (SaaS) market growth during the forecast period.
However, data security and privacy threats associated with software as a service (SaaS) model are anticipated to hamper the growth of the global market to a certain extent.
Moreover, the lack of efficient network infrastructure in the developing regions such as Latin America and Africa is impeding the adoption of the software as a service model.
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