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Asia-Pacific software-as-a-service (SaaS) Market with a CAGR of 34.28% during the period 2018-2023

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Comserve Inc.
Mar 17, 2020
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New York, United States, Tue, 17 Mar 2020 07:52:03 / Comserve Inc. / -- SaaS market can be bifurcated into enterprise resource planning (ERP), customer relationship management (CRM), human resource management (HRM), supply chain management (

SCM, Financial) and others

The report on Asia-Pacific software-as-a-service (SaaS) market provides an in-depth analysis of numerous aspects of the ICT & Telecom including the forecasted market value, market size, growth drivers, restraining factors, recent trends and opportunities prevalent in the market. The Asia-Pacific software-as-a-service (SaaS) market is projected to witness a market size of USD XXX with a CAGR of 34.28% during the period 2018-2023.. The segments are further divided into sub-segments and the market size and value of each segment is accurately calculated on the basis of historical and present trends in the market.

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The report delivers company profiling of the key players in the Middle East and Africa software-as-a-service (SaaS) market Industry which include Symantec Corporation, Google Inc., Fujitsu Ltd., Amazon.com Inc.. Further, it consists of detailed company overview, business strategies and the financials including revenue growth, sales and profits earned by companies along with the mergers, acquisitions, regional presence and risk analysis of major market players. Moreover, the complete information on suppliers and consumers is provided by the Porter’s five forces analysis. The various multi-dimensional analytical tools including SWOT analysis, PESTEL analysis and others allow clients to evaluate the market and identify the target audience. The report also provides the clients with facts and figures about the market growth on the basis of assessment of the industry through primary and secondary research methodologies.

On the basis of geography, the exhaustive study covers detailed information about the regional presence of market vendors, Y-o-Y Growth (%), consumption-units sold, regional market size as well as an accurate estimation of industry cost structure and market trends analysis. Moreover, the import and export details along with consumption value and production capability of every region is mentioned in the report. The various regions include:

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Depending on application, the SaaS market can be bifurcated into enterprise resource planning (ERP), customer relationship management (CRM), human resource management (HRM), supply chain management (

SCM, Financial) and others. Other application types include web conferencing platforms, messaging applications and collaborations. HRM has the largest market share and is also predicted to have the highest growth rate in the forecast period.

By vertical, the SaaS market can be segmented into banking, financial services and insurance (BFSI), information technology (

IT, Financial) and telecommunication, manufacturing, retail, healthcare, education, and others. The BFSI segment continues to hold the largest market share in the vertical segment. The manufacturing segment will be growing at a significant rate during the forecast period.

Japan is leading in SaaS adoption in the Asia-Pacific region. The country accounts for at least 40% of the region’s SaaS expenditure. There are barriers in the Japanese market for the entry of most of the global SaaS companies as there is a tendency for the organizations to opt for home-grown solutions.

Key growth factors

Asian businesses are trying to maintain cost and functionality for their continuously changing business requirements. The need for innovation, agility, flexibility and speed in the business process increases the demand for SaaS-based solutions. Also, the countries of Asia-Pacific are still developing and are not at par with the developed regions. So, the primary concern is always the cost-efficiency. SaaS vendors offer solutions with lower operational expenses that help drive margins.

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Threats and key players

Asian organisations are still fighting non-tech issues in their institutions such as corruption, weak government administration and lack of purchasing power. These problems are much lower in the value chain. While solving these problems, incorporating SaaS in their systems seem to be either a distraction or luxury for their businesses.


The key players in the market are Symantec Corporation, Google Inc., Fujitsu Ltd., Amazon.com Inc., IBM Corporation, HP, Oracle Corporation, SAP SE, Microsoft Corporation and Salesforce.

What’s covered in the report?

1. Overview of the SaaS market in the Asia-Pacific.
2. Market drivers and challenges in the SaaS market in Asia-Pacific.
3. Market trends in the SaaS market in Asia-Pacific.
4. Historical, current and forecasted market size data for the SaaS market in Asia-Pacific.
5. Historical, current and forecasted market size data for the deployment segment (public cloud, private cloud and hybrid cloud).
6. Historical, current and forecasted market size data for the application segment (ERP, CRM, HRM, SCM and others).
7. Historical, current and forecasted market size data for the vertical segment (BFSI, IT and telecommunication, manufacturing, retail, healthcare, education and others).
8. Historical, current and forecasted regional (China, India, Japan, South Korea, Australia and New Zealand, and the rest of Asia-Pacific) market size data for the SaaS market.
9. Analysis of the SaaS market in Asia-Pacific by value chain.
10. Analysis of the competitive landscape and profiles of major competitors operating in the market.

Why buy?

1. Understand the demand for SaaS to determine the viability of the market.
2. Determine the developed and emerging markets for software as a service.
3. Identify the challenge areas and address them.
4. Develop strategies based on drivers, trends and highlights for each of the segments.
5. Evaluate the value chain to determine the workflow.
6. Recognize the key competitors of this market and respond accordingly.
7. Knowledge of the initiatives and growth strategies taken by the major companies and decide on the direction of further growth.

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In a global economy, a significant change in the industry makes it essential for professionals to keep themselves updated with the recent market situations. Kenneth Research provides market research reports to different individuals, industries, associations, and organizations with the aim of helping them to take prominent decisions. Our research library comprises of more than 100,000 research reports provided by more than 25 market research publishers across different industries.

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David

Kenneth Research
Email: [email protected]
Tel: +1-(347)-627-0064

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