TECH SUPPLIER Jul 2020 - Market Share - Doc # US46646419
Worldwide Software as a Service and Cloud Software Market Shares, 2019: A New Generation of SaaS
This IDC study examines the SaaS and cloud software market in 2019 and includes a list of the top 100 cloud software vendors by revenue.
"Execution has become strategy as each of the top providers race to deliver innovative capabilities at a breakneck pace. There has never been a better time to be a customer or user as each SaaS and cloud software provider focuses on customer success. The top 20 providers accounted for 48.5% of the cloud software market in 2019, up just three-tenths of a percent from 2018. The long tail of many smaller suppliers comprises a considerable portion of the market as every independent software vendor (ISV) increases the percentage of revenue coming from as-a-service offerings," said Frank Della Rosa, research director, SaaS and Cloud Software, IDC.
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