U.S. Software As A Service (saas) Market Size & Outlook
U.S. software as a service (saas) market, 2018-2030 (US$M)
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U.S. software as a service (saas) market highlights
- The U.S. software as a service (saas) market generated a revenue of USD 118.6 million in 2023 and is expected to reach USD 271.7 million by 2030.
- The U.S. market is expected to grow at a CAGR of 12.6% 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 118.6 million |
| Market revenue in 2030 | USD 271.7 million |
| Growth rate | 12.6% (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, U.S. accounted for 35.6% 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 |
|---|
U.S. 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 84.99% in 2023. Horizon Databook has segmented the U.S. software as a service (saas) market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
In the U.S., SaaS has become increasingly popular among businesses of all sizes and across industries. The COVID-19 pandemic has accelerated the adoption of SaaS as more companies have had to pivot to remote work and digital solutions.
Furthermore, the SaaS industry in the U.S. is being driven by factors such as the need for cost-effective and scalable software solutions, increased data security, and the rise of artificial intelligence and machine learning technologies. As more businesses move their operations to the cloud, demand for SaaS is increasing.
Businesses of all sizes and across industries increasingly use SaaS solutions to meet their software needs. This is due to the benefits of SaaS, such as cost-effectiveness, scalability, and ease of use.
Reasons to subscribe to U.S. software as a service (saas) market databook:
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of U.S. 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the U.S. software as a service (saas) market , including forecasts for subscribers. This country databook contains high-level insights into U.S. software as a service (saas) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. software as a service (saas) market size, by component, 2018-2030 (US$M)
U.S. Software As A Service (SaaS) Market Outlook Share, 2023 & 2030 (US$M)
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