Software as a Service (SaaS) is a cloud-based delivery model that enables users to access applications over the internet. It is considered a go-to solution for companies that wish to reduce costs and improve efficiency. Many big companies have made investments in SaaS technology, leading to a fierce battle for the title of the world’s largest SaaS company.
The global SaaS market is predicted to be worth $124.6 billion by the end of 2021, and the top SaaS firms are responsible for a significant portion of this revenue. The competition for the world’s biggest SaaS company is decided by total annual revenue and the number of customers. Let’s take a look at the top contenders for the title of the world’s largest SaaS company.
The leading contender is Salesforce. Founded in 1999, Salesforce is the leader in the SaaS sector. The company’s estimated annual revenue is $17.1 billion, and it has more than 150,000 customers. Salesforce’s accomplishments can be attributed to its comprehensive suite of cloud-based business applications and its commitment to providing customers with the best possible customer service.
Oracle is another major contender for the title of the world’s largest SaaS company. Established in 1977, Oracle is among the oldest and most successful software firms in the world. Oracle’s SaaS offering includes a range of cloud-based applications, and it has an estimated annual revenue of $10.5 billion. Oracle’s customer base is estimated to exceed 100,000.
Microsoft is also a major player in the SaaS industry. The company has an estimated annual revenue of $9.2 billion and more than 50,000 customers. Microsoft’s SaaS offering is based on its Azure cloud platform, which offers a wide variety of cloud-based applications and services.
Amazon is another company that has made a name for itself in the SaaS industry. Amazon’s estimated annual revenue is $3.3 billion, and its customer base is estimated to be over 50,000. Amazon’s SaaS offering is based on its popular Amazon Web Services (AWS) platform, which provides a comprehensive suite of cloud-based services.
Finally, Adobe is another major player in the SaaS industry. The company has an estimated annual revenue of $2.3 billion and more than 35,000 customers. Adobe’s SaaS offering is based on its Creative Cloud platform, which provides users with access to a range of creative applications and services.
So, which is the largest SaaS company in the world? Based on total annual revenue and the number of customers, Salesforce is the world’s largest SaaS company. The company’s comprehensive suite of cloud-based applications and its commitment to providing customers with the best possible customer service have allowed it to become the undisputed leader in the SaaS industry.