Software as a Service Market Size, Projections of Share, Trends, and Growth for 2020-2026

The global Software as a Service Market size to grow from USD 3.8 billion in 2020 to USD 6.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period, according to research report by MarketsandMarkets™
The Public cloud deployment mode of the software as a service market is projected to hold a larger market size during the forecast period. The public cloud deployment mode focuses on deploying workloads and data on the public cloud as it provides ease to software developing companies with no management overheads and associated costs. Cloud resources are owned by third-party cloud service providers. Due to cost flexibility and scalability, the adoption of public cloud is expected to surge in the coming five years.
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Market Key Players
Major vendors in the Video as a service Market
• Microsoft (US)
• Zoom (US)
• Cisco (US)
• Adobe (US)
• Avaya (US)
• Google (US)
• AWS (US)
• Poly (US)
• LogMeIn (US)
• RingCentral (US)