In 2024, there were approximately software as a service (SaaS) companies in the United States. Together, they had around billion customers worldwide. The United Kingdom takes the second place with companies and million customers worldwide. SaaS is a software licensing model delivered via the cloud.
What is SaaS?
SaaS, often referred to as “on-demand software”, is a software distribution model in which the service provider hosts the program in a data center for consumers to access via the internet. Customers that subscribe to the service can access the software with just a client program or web browser. In the process, it eliminates the requirement to maintain the hardware or other resources that were previously necessary. Human capital management (HCM) software, collaboration software and customer relationship management (CRM) software are among the applications where public cloud SaaS has a high penetration rate.