The SaaS (Software-as-a-Service) sector has seen incredible growth in the last few years.
According to The Data City, the SaaS sector has a turnover of £87.9bn currently, and has received £42.7bn of investment, growing at 25.9% per year.
With thousands of SaaS companies in the UK, some experts believe it might even double in market value by 2025 – making it an exciting sector to watch.
What Does SaaS Encompass?
Companies that provide SaaS services are those that can be accessed online instead of needing to be downloaded onto a computer or server. This makes them incredibly easy to use.
These services are typically delivered as subscriptions, allowing businesses to use them for as long as they need.
What Are Some Famous SaaS Companies?
Some of the most well-known SaaS companies are household names like Slack, Salesforce, Adobe, Shopify, Mailchimp, Zoom and Dropbox.
These are all services that businesses and individuals can use remotely, without needing anything downloaded onto a server. One of the great things about SaaS apps is that they can be updated and improved centrally, meaning they are constantly getting better without businesses needing to update anything themselves.
Another benefit is that they are easily scaled. For example, if a business is small and only needs 5 zoom seats, it can buy those. Once it gets bigger, it can simply increase its subscription based on its needs. The same goes for companies looking to cut costs.
This ease of use and scalability makes them a great tool for businesses, which explains the sectors’ fast growth.
To find out what 2025 holds in store for the SaaS industry, we asked the experts. Here’s what they had to say…
Our Experts
- Glenn Chisholm, Chief Product Officer at Obsidian Security
- Rodolphe Malaguti, Product Strategy and Transformation at Conga
- Demed L’Her, CTO at DigitalRoute
- Dr. Nicholas Wegman, Ph.D., Senior Director of Artificial Intelligence and Chief Scientist at Zebra Technologies
- Roderik Viergever, COO at Murena
- Ivan Nikkhoo, Managing Partner at Navigate Ventures
- Karan Bhakuni, CEO and Co-Founder at Poper
- Rupert Bedell, CEO at Fasthosts
- Tom Zsomborgi, Chief Business Officer at Kinsta
- Dave Holloway, Chief Strategy Officer at ISMS.online
Source Article: https://techround.co.uk/business/expert-predictions-for-saas-in-2025/
MORE EVENTS