The adoption of public cloud services across enterprises has grown significantly since the onset of the COVID-19 pandemic. Organizations are accelerating their digital business activities by shifting to the cloud, driving the demand for Software as a service (SaaS).
According to a report by SkyQuest Technology, the global SaaS market is expected to reach $7720.44 billion by 2028, growing at a CAGR of 25.9%. Also, according to Gartner, cloud application services remain the largest public services market segment, expected to reach $208.08 billion by 2023.
