Saudi Arabia Software as a Service (SaaS) Market By Business Application (Marketing, Customer Relationship Management, Business Operations, Finance, Database Management, Enterprise Resource Planning, Others), By Offering (Horizontal SaaS, Vertical SaaS), By Organization Size (Large Enterprises, SMEs), By Deployment (Cloud, On-Premises), By End User (Manufacturing, Healthcare, IT & Telecom, Retail,
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationSaudi Arabia Software as a Service (SaaS) Market By Business Application (Marketing, Customer Relationship Management, Business Operations, Finance, Database Management, Enterprise Resource Planning, Others), By Offering (Horizontal SaaS, Vertical SaaS), By Organization Size (Large Enterprises, SMEs), By Deployment (Cloud, On-Premises), By End User (Manufacturing, Healthcare, IT & Telecom, Retail,
Saudi Arabia Software as a Service (SaaS) Market
Software as a Service (SaaS) is a distribution model for delivering software applications via a web browser. Customers can access offerings over the internet that are hosted by a third-party service provider. SaaS is a component of cloud computing that offer users the advantage of flexible use regardless of location and does not require local installation. Like other cloud services, companies typically pay a monthly or annual fee for SaaS applications. SaaS providers usually charge for applications based on certain usage parameters, such as the number of people using the applications or the number of transactions.
The market is witnessing growth due to the constantly increasing demand for software services from all sectors. Additionally, the increasing emphasis on digital adoption by the government and awareness of key benefits like increased convenience and cost-saving by adopting software for numerous organizations would further lead to significant growth in the adoption of SaaS across the country.
Adoption of Subscription Based Services is Driving the Market in the Forecast Period
Digital subscription services have the advantages of convenience factor and cost-saving, which have led to a rise in the use of several software services such as Salesforce, Cisco WebEx, SAP Concur, etc. Moreover, business applications are becoming a more prevalent choice for branch offices and other facilities, with a shortage of IT staff among large multinational corporations. Large enterprises with no data security concerns and the necessary infrastructure or resources, host subscription services within their firewall capabilities. SaaS applications do not have a license fee as they are subscription-based, which lowers the initial outlay. Furthermore, because the Software as a Service provider manages the IT infrastructure, IT costs for hardware, software, and resources are significantly lower. Therefore, subscription services are driving the Saudi Arabia Software as a Service Market.
Rising Need for Data Backup and Recovery is Fuelling the Market Growth
Using the Software as a Service model, software applications are hosted in the cloud, eradicating the need for local storage. Data is stored in multiple data centres to ensure that if one fails, the other data centre can continue to provide the service. Additionally, Software as a Service solutions eliminate the time-consuming process of performing weekly backups by initiating automatic backups without user input, assuring the integrity of business data. Additionally, the model allows for simultaneous remote use by numerous users, resulting in more reliable and secure data backups and recovery, driving the Saudi Arabia Software as a Service Market
Growing Bypassing of Internal IT Departments is Pushing the Market Growth
SaaS has helped replace an internal IT model in which technicians directly employed by a company tend to modify elements of its software architecture as required. SaaS solutions have helped customers free up their technical staff, focusing on more strategic infrastructure investments.
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Market Segments
The Saudi Arabia Software as a Service market is segmented into Business Application, Offering, Organization Size, Deployment, End User and Region. Based on Business Application, the market is segmented into Marketing, Customer Relationship Management, Business Operations, Finance, Database Management, Enterprise Resource Planning and Others. Based on Offering, the market is divided into Horizontal SaaS and Vertical SaaS. Based on Organization Size, the market is separated into Large Enterprises and SMEs. Based on Deployment, the market is segmented into Cloud and On-Premises. Based on End User, the market is fragmented into Manufacturing, Healthcare, IT & Telecom, Retail, Education, BFSI, and Others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Western Region, Northern & Central Region, Eastern Region and Southern Region.
Market Players
Major market players of
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | Business Application Offering Organization Size Deployment End User Region |
| Regional scope | Western Region, Northern & Central Region, Eastern Region, Southern Region |
| Key companies profiled | AWS Middle East, Cisco Saudi Arabia Limited Company, Infor Saudi Company Limited, Saudi Business Machines Ltd. (SBM), Microsoft Arabia, Oracle Saudi Arabia, Mind Digital Group (Salesforce), SAP Saudi Arabia Software Services Limited, SolutionDots Systems (Saudi Arabia), VMware Saudi Limited |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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