China Software As A Service (saas) Market Size & Outlook
China software as a service (saas) market, 2018-2030 (US$M)
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China software as a service (saas) market highlights
- The China software as a service (saas) market generated a revenue of USD 20.9 million in 2023 and is expected to reach USD 63.2 million by 2030.
- The China market is expected to grow at a CAGR of 17.1% 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 20.9 million |
| Market revenue in 2030 | USD 63.2 million |
| Growth rate | 17.1% (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, China accounted for 6.3% 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 Asia Pacific, China software as a service (saas) market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 37.3 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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China 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 86.6% in 2023. Horizon Databook has segmented the China software as a service (saas) market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
China is one of the fastest-growing markets for SaaS solutions, driven by the country's booming digital economy and increasing adoption of cloud-based services. The Chinese government has been actively promoting the development of cloud computing infrastructure, focusing on building out data centers and increasing access to cloud services.
This is driving the growth of the SaaS market in the country as more businesses and organizations adopt cloud-based solutions. For instance, in May 2021, Beijing Infobird Software Co., Ltd. launched the next generation of SaaS in China to capture a massive share of the Software as a Service (SaaS) market.
As the Chinese economy continues to mature, businesses are becoming more sophisticated in their use of technology, leading to an increased demand for enterprise software solutions. This drives the growth of SaaS solutions in areas such as ERP (Enterprise Resource Planning), CRM (Customer Relationship Management), and HR management.
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Target buyers of China software as a service (saas) market databook
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Our clientele includes a mix of software as a service (saas) market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the China software as a service (saas) market , including forecasts for subscribers. This country databook contains high-level insights into China software as a service (saas) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China software as a service (saas) market size, by component, 2018-2030 (US$M)
China Software As A Service (SaaS) Market Outlook Share, 2023 & 2030 (US$M)
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