Singapore Software As A Service (saas) Market Size & Outlook
Singapore software as a service (saas) market, 2018-2030 (US$M)
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Singapore software as a service (saas) market highlights
- The Singapore software as a service (saas) market generated a revenue of USD 0.8 million in 2023 and is expected to reach USD 2.2 million by 2030.
- The Singapore market is expected to grow at a CAGR of 15.4% 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 0.8 million |
| Market revenue in 2030 | USD 2.2 million |
| Growth rate | 15.4% (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, Singapore accounted for 0.2% 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 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 |
|---|
Singapore 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 87.5% in 2023. Horizon Databook has segmented the Singapore software as a service (saas) market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
As the technology hub of Southeast Asia, Singapore is the residence of the provincial headquarters of many global technology enterprises, including those in the Software as a Service (SaaS) space. Major players like Amazon Web Services, ServiceNow, Microsoft, Salesforce, and Xero relish the promising tech-sector climate.
For instance, in June 2022, Aqua Security Software Ltd., a cloud-native security company, announced the general availability of cloud-native security software as a Service (SaaS) from Singapore, supplying the wider Asia Pacific and Japan (APJ) region.
With this launch, government, banking, financial services, and other regulated sectors in the region can leverage the service for complete compliance, cloud-native security, and risk management that manages their data authority and management needs.
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Target buyers of Singapore 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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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 Singapore software as a service (saas) market , including forecasts for subscribers. This country databook contains high-level insights into Singapore software as a service (saas) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Singapore software as a service (saas) market size, by component, 2018-2030 (US$M)
Singapore Software As A Service (SaaS) Market Outlook Share, 2023 & 2030 (US$M)
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