UK Software As A Service (saas) Market Size & Outlook
UK software as a service (saas) market, 2018-2030 (US$M)
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UK software as a service (saas) market highlights
- The UK software as a service (saas) market generated a revenue of USD 20.5 million in 2023 and is expected to reach USD 40.4 million by 2030.
- The UK market is expected to grow at a CAGR of 10.2% 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 20.5 million |
| Market revenue in 2030 | USD 40.4 million |
| Growth rate | 10.2% (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, UK accounted for 6.1% 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 Europe, Germany software as a service (saas) market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 50.0 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 |
|---|
UK 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 84.88% in 2023. Horizon Databook has segmented the UK software as a service (saas) market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The U.K. is among the fastest global cloud adopters, and the U.K. government encourages and supports the transition to cloud services. The government has partnered with leading cloud providers, namely Microsoft and IBM corporation to accept to accelerate and promote the adoption of the cloud.
Further, the government has published declarations and guidance to aid cloud adoption and launched initiatives in the digital marketplace to help the public sector adopt cloud technologies. The U.K. government's cloud-first policy was amended in 2019, and it remains the flagship technology policy of the U.K.
The U.K. is home to many SaaS companies, including some of the world's leading providers of cloudbased software solutions. Many of these companies are based in London, which has emerged as a European technology startup hub.
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Target buyers of UK 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 UK software as a service (saas) market , including forecasts for subscribers. This country databook contains high-level insights into UK software as a service (saas) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK software as a service (saas) market size, by component, 2018-2030 (US$M)
UK Software As A Service (SaaS) Market Outlook Share, 2023 & 2030 (US$M)
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