Managed Software as a Service Market Synopsis

Managed Software as a Service Market Size is Valued at USD 292.53 Billion in 2023, and is Projected to Reach USD 557.70 Billion by 2032, Growing at a CAGR of 8.40% From 2024-2032.

As the name suggests, Managed Software as a Service (MSaaS) is the outsourcing of software management and delivery to a third party. This model provides a way for businesses to use software applications through the Internet without having to install, maintain or update the software. The main driving force behind the MSaaS market is the need for efficient and economical IT solutions for businesses. The benefits from the implementation of cloud computing include the following: It reduces the costs of IT infrastructure, it increases the scalability of organizations, and increases the security of organizations. Major players in the market are Microsoft Corporation, IBM Corporation, Oracle Corporation, and SAP SE, among others.

• The Managed SaaS market is driven mainly by the rise of cloud solutions across industries and sectors as a preferred mode of business. The need for affordable and scalable solutions for software applications has led to an expansion of the Managed SaaS market as companies aim to achieve operational efficiency and minimize the costs of IT infrastructure. Moreover, the increased adoption of remote work and the need for collaboration solutions have also been driving the demand for Managed SaaS because it allows users to access applications from any location that has an internet connection.
• In addition, the challenges of software application management and support within organizations’ in-house environments are also pushing the adoption of Managed SaaS solutions. Managed SaaS providers undertake the responsibilities of managing software programs to ensure that they are current, protected, and perform well. This shifts the responsibility of software management to third party vendors, thereby freeing up IT staff to concentrate on other business-related tasks. The Managed SaaS market is expected to sustain its growth trend in the future since more enterprises are turning to cloud-based applications to enhance their operations.

Managed Software as a Service Market Trend Analysis

Navigating the Growth Currents, and Trends in the Managed Software as a Service Market

• There is a rapidly growing trend in the Managed Software as a Service (MSaaS) market worldwide due to the increased consumption of cloud solutions in the market. Some of the benefits of MSaaS include; affordability, expansiveness, and versatility, which has made a majority of businesses embrace it. Furthermore, the increase in work from home culture and the necessity for effective communication tools also contributes to the growth of MSaaS.
• There is also another emerging pattern in the MSaaS market, and that is about the concern of security and compliance. Due to the fact that businesses are using the cloud as a place to store and manage data, the issue of data security is becoming a major concern.
• MSaaS providers are now enhancing security features such as encryption, MFA, and security audits to counter such risks. Also, more and more, the need to address regulations, such as GDPR and CCPA, is relevant, which leads to the creation of MSaaS solutions that provide data protection and compliance with legal requirements. These trends suggest that the MSaaS market is likely to develop favorably in the future and that further expansion is anticipated in the near future.

Riding the Wave, Expanding Opportunities in the Managed Software as a Service Market

• The Managed SaaS market has witnessed tremendous growth in the recent past across the globe owing to the increased uptake of SaaS solutions across industries. This market is mainly based on the contract of software applications with third party vendors who are then responsible for the management and the platform and its smooth running and maintenance. The growth in the Managed SaaS market is fueled by the need for inexpensive and expandable software solutions, particularly within SMEs, which are in a position to outsource their IT infrastructure and channel their resources to their core operations.
• The Managed SaaS market in North America is the most developed one due to the presence of key market players and the early adoption of cloud solutions. Nevertheless, Asia-Pacific is expected to experience the highest growth rate due to the accelerated digital transformation, particularly in the emerging markets of China and India.
• These countries are heavily investing in cloud infrastructure due to factors like government policies, enhanced internet connectivity, and the usage of smart devices. In conclusion, the Managed SaaS market offers significant business prospects for service providers to diversify their portfolios and address the requirements of companies in different countries.

Managed Software as a Service Market Segment Analysis:

Managed Software as a Service Market is segmented based on By Deployment, Application and End User.

By Deployment, Public Cloud segment is expected to dominate the market during the forecast period

• The Managed Software as a Service (SaaS) market presents various deployment models depending on the needs of companies. Public cloud services are one of the most popular deployment models which allow access to the software and its functions through the internet. This model is well known for its mechanism and affordability to expand or reduce its size according to the workload and the available IT infrastructure of the organization.
• On the other hand, private cloud services are more dedicated in terms of infrastructure and are preferred by organizations that have high data security and privacy needs. This is a more flexible model that offers more control over the resources and can be adjusted to fit the needs of the organization.
• Hybrid cloud solutions are the integration of both public and private cloud models to create a solution that offers the best of both worlds to organizations. This approach is typically used by companies that want to benefit from the opportunities of public cloud computing for less critical applications while using private cloud solutions for more sensitive data.
• Therefore, due to the various deployment options in the Managed SaaS market, organizations can easily select the best mode that will enable them to harness the benefits of cloud-based software solutions in enhancing their productivity and growth.

By Application, Web Conference segment held the largest share in 2023

• The Managed Software as a Service (SaaS) market is segmented into different applications which are used in various business processes. The Customer Relationship Management (CRM) software is one of the most important applications that are used by organizations in their efforts to manage their relationships with their clients. This makes it possible for organizations to achieve sales process optimization and enhance customer support as well as satisfaction.
• Web conferencing software is another important application in the Managed SaaS market that enables virtual meetings, webinars, and remote team collaboration. This software assists in the reduction of travelling costs, enhancement of communication, and enhancement of productivity in organizations.
• Supply Chain Management (SCM) software is useful for companies that want to enhance their supply chain processes. It allows the organization to control its stock, monitor shipments, and enhance the control and flow of goods within the supply chain.
• Business Intelligence (BI) is a type of software that is designed to help companies collect and interpret data to facilitate better decision making. It assists organizations to increase organizational effectiveness, detect opportunities and threats, and increase competitiveness.
• Furthermore, the Managed SaaS market contains several other applications that are aimed at meeting various business needs and requirements like handling the human resource, accounting, project management, and many others. These applications are useful in the development of organizations because they offer affordable and intelligent software services.

Managed Software as a Service Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• The Asia-Pacific region is expected to experience significant growth in the Managed Software as a Service (SaaS) market due to various factors. Some of the factors that have fueled this trend include; since most organizations in the region are looking for ways to reduce costs, increase scalability and flexibility, since most of them have adopted cloud-based solutions. Companies in the area have realized that outsourcing software management to specialists helps them to concentrate on their core business functions. Besides, the increasing number of digital transformation projects in sectors such as banking, healthcare, and manufacturing has created the need for managed SaaS services. However, the growth of internet connectivity and the availability of smart devices are providing a suitable market for the expansion of managed SaaS in the Asia-Pacific region.
• However, it is not all rosy in the market as there are certain hurdles that one is bound to encounter. Data security and privacy issues are still a significant concern, particularly given the enhanced focus on data protection standards across the globe, including the GDPR and the Personal Data Protection Act. However, some factors are restraining the growth of the managed SaaS market to some extent such as a lack of awareness and knowledge about the benefits of managed SaaS among small and medium-sized enterprises. However, the Asia-Pacific Managed SaaS market is anticipated to observe steady growth in the coming years due to the advancement in technologies, globalization of operations, and the increased focus on enhancing the operational performance.

Active Key Players in the Managed Software as a Service Market

• Adworthy Inc - USA
• Symantec Corporation - USA
• Cloudexa Technology Inc. - USA
• Hewlett Packard Enterprise Development LP - USA
• IBM Corporation - USA
• TruQC LLC - USA
• SAP SE - Germany
• Kyndryl Inc. - USA
• Microsoft Corporation - USA
• Google LLC - USA
• Oracle Corporation - USA
• Amazon Web Services - USA
• Xorbix Technologies Inc. - USA
• Fujitsu Ltd – Japan, and Other Major Players.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. MANAGED SOFTWARE AS A SERVICE MARKET BY DEPLOYMENT (2017-2032)
   1. MANAGED SOFTWARE AS A SERVICE MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. PUBLIC CLOUD
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. PRIVATE CLOUD
   5. HYBRID CLOUD
7. MANAGED SOFTWARE AS A SERVICE MARKET BY APPLICATION (2017-2032)
   1. MANAGED SOFTWARE AS A SERVICE MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. CUSTOMER RELATIONSHIP MANAGEMENT
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. WEB CONFERENCING
   5. SUPPLY CHAIN MANAGEMENT
   6. BUSINESS INTELLIGENCE
   7. OTHERS
8. MANAGED SOFTWARE AS A SERVICE MARKET BY END USER (2017-2032)
   1. MANAGED SOFTWARE AS A SERVICE MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. BFSI
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. RETAIL
   5. GOVERNMENT
   6. TELECOM
   7. MANUFACTURING
   8. OTHERS
9. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. MANAGED SOFTWARE AS A SERVICE Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. ADWORTHY INC - USA
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. SYMANTEC CORPORATION - USA
   4. CLOUDEXA TECHNOLOGY INC. - USA
   5. HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP - USA
   6. IBM CORPORATION - USA
   7. TRUQC LLC - USA
   8. SAP SE - GERMANY
   9. KYNDRYL INC. - USA
   10. MICROSOFT CORPORATION - USA
   11. GOOGLE LLC - USA
   12. ORACLE CORPORATION - USA
   13. AMAZON WEB SERVICES - USA
   14. XORBIX TECHNOLOGIES INC. - USA
   15. FUJITSU LTD – JAPAN
10. GLOBAL MANAGED SOFTWARE AS A SERVICE MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Deployment
       4. Historic And Forecasted Market Size By Application
       5. Historic And Forecasted Market Size By End User
       6. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
11. INVESTMENT ANALYSIS
12. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies