Oct 18, 2019 (AmericaNewsHour) -- The leading North America software-as-a-service (SaaS) market players in the North America software-as-a-service (SaaS) market are discussed in detail along with their business growth strategies such as mergers, acquisitions, sales, profits and overall revenue generated along with the competitive scenario of the NORTH AMERICA SOFTWARE-AS-A-SERVICE (SAAS) MARKET. It also includes company profiling of key players, Porter's five forces analysis and value chain analysis among other such factors. The report also includes various analytical tools based on which the North America software-as-a-service (SaaS) market growth is analyzed.
Software-as-a-service (SaaS) is a kind of cloud computing in which a third-party provider manages applications and makes them accessible to consumers over the internet. It removes the need for organisations to install and run applications on their computers or in their data centres, which eliminates the cost of hardware acquisition, provisioning and maintenance, as well as software licensing, installation and support. The SaaS market is anticipated to grow at a compound annual growth rate (CAGR) of 15.59% during the forecast period 2018-2023.
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Based on the deployment model, the SaaS market can be segmented into public cloud, private cloud and hybrid cloud. The private cloud and public cloud models are showing a positive trend in the market and the companies are trying to employ the hybrid cloud model in the recent future. The public cloud market has the largest market share, whereas the private cloud market is predicted to grow at the highest CAGR.
Depending on application, the SaaS market can be bifurcated into enterprise resource planning (ERP), customer relationship management (CRM), human resource management (HRM), supply chain management (SCM) and others. Other application types include web conferencing platforms, messaging applications and collaborations. HRM has the largest market share and is also predicted to have the highest growth rate in the forecast period.By vertical, the SaaS market can be segmented into banking, financial services and insurance (BFSI), information technology (IT) and telecommunication, manufacturing, retail, healthcare, education and others. The BFSI segment continues to hold the largest market share in the vertical segment, and the manufacturing segment will be growing at a significant rate during the forecast period.
North America is experiencing large-scale digitalization in every vertical of the region. The digitalization will help the vendors to provide more scalable, flexible and customized solutions to the customers.
Key growth factors
The SaaS adoption is more prevalent in the North American BFSI, manufacturing and retail sectors than other verticals. The region is moving towards digitalization of every vertical industry in the region which further increases the adoption of SaaS cloud services. SaaS incorporated with artificial intelligence (AI), and machine learning is changing the customer services in North America. The area is predicted to develop further, creating path-breaking innovations in the cloud services market.
How does the report examine the growth drivers and restraints of the North America software-as-a-service market ?
The factors resulting in the expansion of the North America software-as-a-service market are elaborated in the report after thorough primary and secondary research.
Analytical strategies focused on gain indicators affecting the growth of the North America software-as-a-service market are presented in graphical formats.
The business-related trends driving the product consumption are discussed in detail in the report along with industry expertise to minimize the barriers to North America software-as-a-service market growth.
What is the key information extracted from the report?
Extensive information on factors estimated to affect the North America software-as-a-service market growth and North America software-as-a-service market share during the forecast period is presented in the report.
The report offers the present scenario and future growth prospects of North America software-as-a-service market in various geographical regions.
The competitive landscape analysis on the Market as well as the qualitative and quantitative information is delivered.
The SWOT analysis is conducted along with Porter's Five Force analysis.
The in-depth analysis provides an insight into the North America software-as-a-service market , underlining the growth rate and opportunities offered in the business.
Threats and key players
The North American SaaS vendors are trying to meet the rising demands of increasing the security and scalability of services. Though North America is a mature market for the SaaS vendors, since there are more advanced technologies emerging, the demand for more secure cloud service remains a challenge for the SaaS providers.
The key players in the market are Symantec Corporation, Google Inc., Fujitsu Ltd., Amazon.com Inc., IBM Corporation, HP, Oracle Corporation, SAP SE, Microsoft Corporation and Salesforce.
What's covered in the report?
1. Overview of the SaaS market in North America.
2. Market drivers and challenges in the SaaS market in North America.
3. Market trends in the SaaS market in North America.
4. Historical, current and forecasted market size data for the SaaS market in North America.
5. Historical, current and forecasted market size data for the deployments segment (public cloud, private cloud and hybrid cloud).
6. Historical, current and forecasted market size data for the application segment (ERP, CRM, HRM, SCM and others).
7. Historical, current and forecasted market size data for the vertical segment (BFSI, IT and telecommunication, manufacturing, retail, healthcare, education and others).
8. Historical, current and forecasted regional (the United States (US) and Canada) market size data for the SaaS market.
9. Analysis of the SaaS market in North America by value chain.
10. Analysis of the competitive landscape and profiles of major competitors operating in the market.
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1. Understand the demand for SaaS to determine the viability of the market.
2. Determine the developed and emerging markets for SaaS.
3. Identify the challenge areas and address them.
4. Develop strategies based on the drivers, trends and highlights for each of the segments.
5. Evaluate the value chain to determine the workflow.
6. Recognize the key competitors of this market and respond accordingly.
7. Knowledge of the initiatives and growth strategies taken by the major companies and decide on the direction of further growth.
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