The current growth dynamics and investments in SaaS are remarkable (SaaS industry is now worth $116 billion worldwide). It is a promising and competitive business. If you already have a great SaaS idea, these trends will definitely help you stand out from the big boys in SaaS world.
The SaaS industry is maturing each year, as more and more businesses are moving from on-premises software models to web-based Software-as-a-service (SaaS) solutions.
Global SaaS market is expected to grow to a value of $117 billion by the end of 2022, according to Market Research Future (MRFR).
The rising market raises competition. On average, an emerging SaaS business is reported to have more than 9 competitors. Yeah, the bar is higher than ever to succeed, but we’ve yet to hit peak SaaS. Adopting at least one of the below-mentioned trends can help propel success to your SaaS idea and drive faster, more efficient growth.