TECH SUPPLIER Jul 2019 - Market Share - Doc # US45216719
Worldwide Software as a Service and Cloud Software Market Shares, 2018: Accelerating Transformation and Innovation
This IDC study examines the SaaS and cloud software market in 2018 and includes a list of the top 100 cloud software vendors by revenue.
"The leading 20 cloud software providers accounted for 48.2% of the cloud software market in 2018, which is slightly higher than in 2017. The trend toward market consolidation continues. However, the 'long tail' of many smaller suppliers make up a considerable portion of the market," said Frank Della Rosa, research director, SaaS and Cloud Software research at IDC. "Nearly all major independent software vendors (ISVs) invested in sizable expansion of their cloud-based offerings to capture greater share of the hypercompetitive cloud software market."
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