Company and markets news

Business continuity requirements are a key driver of growth in the global SaaS market

ResearchAndMarkets has published a new report into the global SaaS market which says that cost efficiency and business continuity needs are driving growth in this area.

The report, ‘Global SaaS (Software-as-a-Service) Market (2022 Edition)’ says that to achieve cost efficiency and business continuity, the pandemic has encouraged the use of on-demand, scalable cloud models. It is giving enterprises the impetus they need to expedite their digital business transformation initiatives. As a result, the use of SaaS and other cloud computing solutions is expanding.

North America is estimated to have held the highest share of the global SAAS Market in 2021 but during the forecast period, Asia-Pacific is set to be the fastest-growing regional market.

Growing use of smartphones, tablets, and laptops, increased public and hybrid cloud adoption, and increased corporate outsourcing are the key drivers of SaaS market size. Another factor driving market growth over the projection period is the increasing adoption of micro SaaS.

More details about the report.



Want news and features emailed to you?

Signup to our free newsletters and never miss a story.

A website you can trust

The entire Continuity Central website is scanned daily by Sucuri to ensure that no malware exists within the site. This means that you can browse with complete confidence.

Business continuity?

Business continuity can be defined as 'the processes, procedures, decisions and activities to ensure that an organization can continue to function through an operational interruption'. Read more about the basics of business continuity here.

Get the latest news and information sent to you by email

Continuity Central provides a number of free newsletters which are distributed by email. To subscribe click here.