In this digital era, organizations are increasingly adopting Software-as-a-Service (SaaS) as a part of their business operations. As of 2022, the SaaS space is valued at $170 billion. The industry has increased in size by around 500% over the past seven years.
Widespread digitization and the ongoing cloud migration of companies’ operations are fueling the continued growth of the global SaaS market, which is expected to reach $720.44 billion by 2028 at a 25.9% CAGR.
