The Software-as-a-Service (SaaS) industry is expected to continue playing a significant role in the increasingly digital and data-driven economies. Enterprises continue to adopt cloud-based services for better efficiency and convenience. Furthermore, the growing adoption of hybrid-working culture across the globe should boost the industry’s growth.
SaaS is being increasingly used for forecasting, analysis, and delivery functions in various applications such as conferencing, salesforce automation, customer relationship management (CRM), web content management, and others. According to a report by Fortune Business Insights, the global SaaS market size is projected to reach $716.52 billion in 2028, growing at a CAGR of 27.5%.
