Canada Software As A Service (saas) Market Size & Outlook
Canada software as a service (saas) market, 2018-2030 (US$M)
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Canada software as a service (saas) market highlights
- The Canada software as a service (saas) market generated a revenue of USD 23.0 million in 2023 and is expected to reach USD 58.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 14.4% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating component in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
Software as a service (saas) market data book summary
| Market revenue in 2023 | USD 23.0 million |
| Market revenue in 2030 | USD 58.9 million |
| Growth rate | 14.4% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
| Key market players worldwide | Intel Corp, Broadcom Inc, Trend Micro Inc, Cisco Systems Inc, Zscaler Inc, Lookout, Radware Ltd, Adobe Inc, Microsoft Corp, Alibaba Group Holding Ltd ADR, International Business Machines Corp, Salesforce Inc, Oracle Corp, SAP SE, Rackspace Technology Inc Ordinary Shares, VMware, Atlassian Corp A, ServiceNow Inc |
Other key industry trends
- In terms of revenue, Canada accounted for 6.9% of the global software as a service (saas) market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. software as a service (saas) market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 20.0 million by 2030.
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Software As A Service (SaaS) Market Scope
Software As A Service (SaaS) Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada software as a service (saas) market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to software as a service (saas) market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 84.35% in 2023. Horizon Databook has segmented the Canada software as a service (saas) market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The growth in Canada is attributed to several factors, including the increasing adoption of cloud-based solutions, the growing number of small and medium-sized enterprises (SMEs), and the rising demand for business analytics and mobility solutions.
COVID-19 pandemic has further accelerated the growth of the SaaS market in Canada. With more people working remotely and businesses transitioning to digital operations, the demand for cloud-based solutions has increased significantly.
Overall, Canada's SaaS market is expected to grow as more businesses embrace cloud-based solutions to increase productivity, streamline operations, and remain competitive in the digital age.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada software as a service (saas) market , including forecasts for subscribers. This country databook contains high-level insights into Canada software as a service (saas) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada software as a service (saas) market size, by component, 2018-2030 (US$M)
Canada Software As A Service (SaaS) Market Outlook Share, 2023 & 2030 (US$M)
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