Mexico Software As A Service (saas) Market Size & Outlook
Mexico software as a service (saas) market, 2018-2030 (US$M)
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Mexico software as a service (saas) market highlights
- The Mexico software as a service (saas) market generated a revenue of USD 7.2 million in 2023 and is expected to reach USD 20.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 15.7% 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 7.2 million |
| Market revenue in 2030 | USD 20.0 million |
| Growth rate | 15.7% (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, Mexico accounted for 2.2% 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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Mexico 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 84.72% in 2023. Horizon Databook has segmented the Mexico 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 Mexico is in the stage of maturity and is experiencing material growth, further helping the technology process startups to grow in the country. Mexico has a large and growing technology sector, and the government has been working to promote innovation and entrepreneurship through initiatives such as the National Entrepreneurship Program.
This trend will continue even as the pandemic subsides, as many companies have discovered the benefits of cloud-based tools and are likely to continue using them. Major players such as Microsoft, IBM Corporation, and SAP have helped startups grow and position themselves as challenging players in the market.
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Target buyers of Mexico 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico software as a service (saas) market , including forecasts for subscribers. This country databook contains high-level insights into Mexico software as a service (saas) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico software as a service (saas) market size, by component, 2018-2030 (US$M)
Mexico Software As A Service (SaaS) Market Outlook Share, 2023 & 2030 (US$M)
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