Europe Software As A Service (saas) Market Size & Outlook
Europe software as a service (saas) market, 2018-2030 (US$M)
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Europe software as a service (saas) market highlights
- The Europe software as a service (saas) market generated a revenue of USD 80.4 million in 2023.
- The market is expected to grow at a CAGR of 12.3% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 80.4 million |
| Market revenue in 2030 | USD 181.1 million |
| Growth rate | 12.3% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 24.1% of the global software as a service (saas) market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 200.7 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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Europe 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 85.2% in 2023. Horizon Databook has segmented the Europe software as a service (saas) market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The SaaS market in Europe is growing, and the growth is attributed to the factors such as the increasing adoption of cloud computing, the rising demand for software solutions that enable remote work and collaboration, and the shift toward digital transformation.
Additionally, Europe has a highly skilled workforce, a robust startup ecosystem, and a favorable regulatory environment, all contributing to the growth of the SaaS market in the region. Some key players in the European SaaS market include Salesforce, Microsoft, SAP, Oracle, and Adobe, along with many startups and smaller companies offering specialized SaaS solutions in various industries.
For instance, in 2021, Paddle, a payment infrastructure provider for SaaS-based companies, stated that European companies had increased their spending on SaaS by 57%. Additionally, there is a growth of 81% in European SaaS unicorns compared to 2020 (up from 44%).
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Target buyers of Europe 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 continent-level data and insights on the Europe software as a service (saas) market , including forecasts for subscribers. This continent databook contains high-level insights into Europe software as a service (saas) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe software as a service (saas) market size, by country, 2018-2030 (US$M)
Europe Software As A Service (SaaS) Market Outlook Share, 2023 & 2030 (US$M)
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