TECH SUPPLIER Jul 2022 - Market Share - Doc # US49291422

Worldwide Software as a Service and Cloud Software Market Shares, 2021: Automation Engine of Digital Business


Frank Della Rosa

This IDC study examines the SaaS and cloud software market in 2021 and includes a list of the top 100 cloud software vendors by revenue.

"It was another record-breaking year for SaaS as each of the leading software providers increased investments in advanced capabilities and platforms. The top 20 providers accounted for 48.9% of the SaaS and cloud software market in 2021. The percentage was almost unchanged from 2020. The long tail of thousands of providers accounted for 63% of the total cloud software market, as virtually every software provider reported an increase in the percentage of revenue coming from SaaS," said Frank Della Rosa, vice president, SaaS, Business Platforms, and Industry Clouds, IDC.



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