How big is the SaaS industry?

The Software as a Service (SaaS) industry is booming, with an estimated market size of over $100 billion in 2020. This rapid growth is being driven by the increasing popularity of cloud-based services, the emergence of new technologies such as AI and machine learning, and the increasing demand for on-demand software solutions. According to Gartner, the SaaS market is expected to reach $141.7 billion by 2022. Sub-sectors, such as Customer Relationship Management (CRM) software and Enterprise Resource Planning (ERP) software, are also experiencing rapid growth, with respective estimated values of $90 billion and $63 billion by 2022. The increasing adoption […]