The North America Software as a Service Market would witness market growth of 14.4% CAGR during the forecast period (2024-2031).
The US market dominated the North America Software as a Service Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $213,462.3 million by 2031. The Canada market is experiencing a CAGR of 16.7% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 15.9% during (2024 - 2031).
Software as a service (SaaS) is one of the fastest-growing segments of the global software industry, revolutionizing how businesses access, use, and manage software. SaaS has shifted traditional software deployment from a model where applications were installed on individual machines and maintained by internal IT departments to a subscription-based, cloud-driven platform where users can access applications over the internet. With its numerous benefits, such as reduced costs, scalability, flexibility, and maintenance, SaaS has seen rapid adoption across various sectors, making it a cornerstone of digital transformation initiatives.
SaaS applications cover many business functions, making them indispensable for companies looking to streamline operations, enhance collaboration, and improve customer engagement. CRM software is one of the most common and significant SaaS applications. Leading platforms like Salesforce, HubSpot, and Zoho have revolutionized how companies manage and engage with customers. These platforms enable businesses to track real-time sales leads, customer interactions, and service requests, fostering better communication and driving sales growth.
In Canada, the government’s investment of $198.6 billion over ten years to improve healthcare services is expected to drive significant demand for SaaS solutions within the healthcare sector. As the country works toward enhancing healthcare accessibility, infrastructure, and quality, SaaS-based platforms will need to support electronic health records (EHR), telemedicine, patient management systems, and data analytics. These solutions can help optimize healthcare delivery, streamline administrative tasks, and improve patient outcomes through data-driven insights. SaaS applications can also facilitate collaboration across healthcare providers, ensuring the effective delivery of services in line with the government’s ambitious healthcare goals. Therefore, together, the growth of retail and healthcare sectors in both Mexico and Canada is likely to accelerate the adoption of SaaS platforms
Free Valuable Insights: The Software as a Service Market is Predict to reach USD 749.20 Billion by 2031, at a CAGR of 15.1%
Based on Component, the market is segmented into Software and Services. Based on Deployment, the market is segmented into Private Cloud, Public Cloud, and Hybrid Cloud. Based on Application, the market is segmented into Customer Relationship Management (CRM), Enterprise Resource planning (ERP), Content, Collaboration & Communication, Human Capital Management, BI & Analytics, and Other Application. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Industry, the market is segmented into Banking, Financial Services and Insurance (BFSI), Retail & Consumer goods, Healthcare, Manufacturing, Education, Travel & Hospitality, and Other Industry. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Hewlett Packard Enterprise Company
- Microsoft Corporation
- Oracle Corporation
- IBM Corporation
- SAP SE
- Google LLC
- Epicor Software Corporation
- ServiceNow, Inc.
- Salesforce, Inc.
- VMware, Inc. (Broadcom Inc.)
North America Software as a Service Market Report Segmentation
By Component
By Deployment
- Private Cloud
- Public Cloud
- Hybrid Cloud
By Application
- Customer Relationship Management (CRM)
- Enterprise Resource planning (ERP)
- Content, Collaboration & Communication
- Human Capital Management
- BI & Analytics
- Other Application
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By Industry
- Banking, Financial Services and Insurance (BFSI)
- Retail & Consumer goods
- Healthcare
- Manufacturing
- Education
- Travel & Hospitality
- Other Industry
By Country
- US
- Canada
- Mexico
- Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Software as a Service Market, by Component
1.4.2 North America Software as a Service Market, by Deployment
1.4.3 North America Software as a Service Market, by Application
1.4.4 North America Software as a Service Market, by Enterprise Size
1.4.5 North America Software as a Service Market, by Industry
1.4.6 North America Software as a Service Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Jun – 2024, Sep) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. North America Software as a Service Market by Component
5.1 North America Software Market by Country
5.2 North America Services Market by Country
Chapter 6. North America Software as a Service Market by Deployment
6.1 North America Private Cloud Market by Region
6.2 North America Public Cloud Market by Region
6.3 North America Hybrid Cloud Market by Region
Chapter 7. North America Software as a Service Market by Application
7.1 North America Customer Relationship Management (CRM) Market by Country
7.2 North America Enterprise Resource planning (ERP) Market by Country
7.3 North America Content, Collaboration & Communication Market by Country
7.4 North America Human Capital Management Market by Country
7.5 North America BI & Analytics Market by Country
7.6 North America Other Application Market by Country
Chapter 8. North America Software as a Service Market by Enterprise Size
8.1 North America Large Enterprises Market by Country
8.2 North America Small & Medium Enterprises Market by Country
Chapter 9. North America Software as a Service Market by Industry
9.1 North America Banking, Financial Services and Insurance (BFSI) Market by Country
9.2 North America Retail & Consumer goods Market by Country
9.3 North America Healthcare Market by Country
9.4 North America Manufacturing Market by Country
9.5 North America Education Market by Country
9.6 North America Travel & Hospitality Market by Country
9.7 North America Other Industry Market by Country
Chapter 10. North America Software as a Service Market by Country
10.1 US Software as a Service Market
10.1.1 US Software as a Service Market by Component
10.1.2 US Software as a Service Market by Deployment
10.1.3 US Software as a Service Market by Application
10.1.4 US Software as a Service Market by Enterprise Size
10.1.5 US Software as a Service Market by Industry
10.2 Canada Software as a Service Market
10.2.1 Canada Software as a Service Market by Component
10.2.2 Canada Software as a Service Market by Deployment
10.2.3 Canada Software as a Service Market by Application
10.2.4 Canada Software as a Service Market by Enterprise Size
10.2.5 Canada Software as a Service Market by Industry
10.3 Mexico Software as a Service Market
10.3.1 Mexico Software as a Service Market by Component
10.3.2 Mexico Software as a Service Market by Deployment
10.3.3 Mexico Software as a Service Market by Application
10.3.4 Mexico Software as a Service Market by Enterprise Size
10.3.5 Mexico Software as a Service Market by Industry
10.4 Rest of North America Software as a Service Market
10.4.1 Rest of North America Software as a Service Market by Component
10.4.2 Rest of North America Software as a Service Market by Deployment
10.4.3 Rest of North America Software as a Service Market by Application
10.4.4 Rest of North America Software as a Service Market by Enterprise Size
10.4.5 Rest of North America Software as a Service Market by Industry
Chapter 11. Company Profiles
11.1 Hewlett Packard Enterprise Company
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Segmental and Regional Analysis
11.1.4 Research & Development Expense
11.1.5 Recent strategies and developments:
11.1.5.1 Partnerships, Collaborations, and Agreements:
11.1.5.2 Product Launches and Product Expansions:
11.1.5.3 Acquisition and Mergers:
11.1.6 SWOT Analysis
11.2 Microsoft Corporation
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Segmental and Regional Analysis
11.2.4 Research & Development Expenses
11.2.5 Recent strategies and developments:
11.2.5.1 Partnerships, Collaborations, and Agreements:
11.2.5.2 Acquisition and Mergers:
11.2.6 SWOT Analysis
11.3 Oracle Corporation
11.3.1 Company Overview
11.3.2 Financial Analysis
11.3.3 Segmental and Regional Analysis
11.3.4 Research & Development Expense
11.3.5 Recent strategies and developments:
11.3.5.1 Partnerships, Collaborations, and Agreements:
11.3.5.2 Acquisition and Mergers:
11.3.6 SWOT Analysis
11.4 IBM Corporation
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Regional & Segmental Analysis
11.4.4 Research & Development Expenses
11.4.5 Recent strategies and developments:
11.4.5.1 Partnerships, Collaborations, and Agreements:
11.4.5.2 Acquisition and Mergers:
11.4.6 SWOT Analysis
11.5 SAP SE
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Regional Analysis
11.5.4 Research & Development Expense
11.5.5 Recent strategies and developments:
11.5.5.1 Partnerships, Collaborations, and Agreements:
11.5.6 SWOT Analysis
11.6 Google LLC (Alphabet Inc.)
11.6.1 Company Overview
11.6.2 Financial Analysis
11.6.3 Segmental and Regional Analysis
11.6.4 Research & Development Expense
11.6.5 Recent strategies and developments:
11.6.5.1 Partnerships, Collaborations, and Agreements:
11.6.5.2 Acquisition and Mergers:
11.6.6 SWOT Analysis
11.7 Epicor Software Corporation
11.7.1 Company Overview
11.7.2 Recent strategies and developments:
11.7.2.1 Partnerships, Collaborations, and Agreements:
11.8 ServiceNow, Inc.
11.8.1 Company Overview
11.8.2 Financial Analysis
11.8.3 Regional Analysis
11.8.4 Research & Development Expenses
11.9 Salesforce, Inc.
11.9.1 Company Overview
11.9.2 Financial Analysis
11.9.3 Regional Analysis
11.9.4 Research & Development Expenses
11.9.5 Recent strategies and developments:
11.9.5.1 Acquisition and Mergers:
11.9.6 SWOT Analysis
11.10. VMware, Inc. (Broadcom Inc.)
11.10.1 Company Overview
11.10.2 Financial Analysis
11.10.3 Segmental and Regional Analysis
11.10.4 Research & Development Expense
11.10.5 SWOT Analysis
TABLE 1 Global Software as a Service Market, 2020 - 2023, USD Million
TABLE 2 Global Software as a Service Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Software as a Service Market
TABLE 4 Product Launches And Product Expansions– Software as a Service Market
TABLE 5 Acquisition and Mergers– Software as a Service Market
TABLE 6 North America Software as a Service Market by Component, 2020 - 2023, USD Million
TABLE 7 North America Software as a Service Market by Component, 2024 - 2031, USD Million
TABLE 8 North America Software Market by Country, 2020 - 2023, USD Million
TABLE 9 North America Software Market by Country, 2024 - 2031, USD Million
TABLE 10 North America Services Market by Country, 2020 - 2023, USD Million
TABLE 11 North America Services Market by Country, 2024 - 2031, USD Million
TABLE 12 North America Software as a Service Market by Deployment, 2020 - 2023, USD Million
TABLE 13 North America Software as a Service Market by Deployment, 2024 - 2031, USD Million
TABLE 14 North America Private Cloud Market by Region, 2020 - 2023, USD Million
TABLE 15 North America Private Cloud Market by Region, 2024 - 2031, USD Million
TABLE 16 North America Public Cloud Market by Region, 2020 - 2023, USD Million
TABLE 17 North America Public Cloud Market by Region, 2024 - 2031, USD Million
TABLE 18 North America Hybrid Cloud Market by Region, 2020 - 2023, USD Million
TABLE 19 North America Hybrid Cloud Market by Region, 2024 - 2031, USD Million
TABLE 20 North America Software as a Service Market by Application, 2020 - 2023, USD Million
TABLE 21 North America Software as a Service Market by Application, 2024 - 2031, USD Million
TABLE 22 North America Customer Relationship Management (CRM) Market by Country, 2020 - 2023, USD Million
TABLE 23 North America Customer Relationship Management (CRM) Market by Country, 2024 - 2031, USD Million
TABLE 24 North America Enterprise Resource planning (ERP) Market by Country, 2020 - 2023, USD Million
TABLE 25 North America Enterprise Resource planning (ERP) Market by Country, 2024 - 2031, USD Million
TABLE 26 North America Content, Collaboration & Communication Market by Country, 2020 - 2023, USD Million
TABLE 27 North America Content, Collaboration & Communication Market by Country, 2024 - 2031, USD Million
TABLE 28 North America Human Capital Management Market by Country, 2020 - 2023, USD Million
TABLE 29 North America Human Capital Management Market by Country, 2024 - 2031, USD Million
TABLE 30 North America BI & Analytics Market by Country, 2020 - 2023, USD Million
TABLE 31 North America BI & Analytics Market by Country, 2024 - 2031, USD Million
TABLE 32 North America Other Application Market by Country, 2020 - 2023, USD Million
TABLE 33 North America Other Application Market by Country, 2024 - 2031, USD Million
TABLE 34 North America Software as a Service Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 35 North America Software as a Service Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 36 North America Large Enterprises Market by Country, 2020 - 2023, USD Million
TABLE 37 North America Large Enterprises Market by Country, 2024 - 2031, USD Million
TABLE 38 North America Small & Medium Enterprises Market by Country, 2020 - 2023, USD Million
TABLE 39 North America Small & Medium Enterprises Market by Country, 2024 - 2031, USD Million
TABLE 40 North America Software as a Service Market by Industry, 2020 - 2023, USD Million
TABLE 41 North America Software as a Service Market by Industry, 2024 - 2031, USD Million
TABLE 42 North America Banking, Financial Services and Insurance (BFSI) Market by Country, 2020 - 2023, USD Million
TABLE 43 North America Banking, Financial Services and Insurance (BFSI) Market by Country, 2024 - 2031, USD Million
TABLE 44 North America Retail & Consumer goods Market by Country, 2020 - 2023, USD Million
TABLE 45 North America Retail & Consumer goods Market by Country, 2024 - 2031, USD Million
TABLE 46 North America Healthcare Market by Country, 2020 - 2023, USD Million
TABLE 47 North America Healthcare Market by Country, 2024 - 2031, USD Million
TABLE 48 North America Manufacturing Market by Country, 2020 - 2023, USD Million
TABLE 49 North America Manufacturing Market by Country, 2024 - 2031, USD Million
TABLE 50 North America Education Market by Country, 2020 - 2023, USD Million
TABLE 51 North America Education Market by Country, 2024 - 2031, USD Million
TABLE 52 North America Travel & Hospitality Market by Country, 2020 - 2023, USD Million
TABLE 53 North America Travel & Hospitality Market by Country, 2024 - 2031, USD Million
TABLE 54 North America Other Industry Market by Country, 2020 - 2023, USD Million
TABLE 55 North America Other Industry Market by Country, 2024 - 2031, USD Million
TABLE 56 North America Software as a Service Market by Country, 2020 - 2023, USD Million
TABLE 57 North America Software as a Service Market by Country, 2024 - 2031, USD Million
TABLE 58 US Software as a Service Market, 2020 - 2023, USD Million
TABLE 59 US Software as a Service Market, 2024 - 2031, USD Million
TABLE 60 US Software as a Service Market by Component, 2020 - 2023, USD Million
TABLE 61 US Software as a Service Market by Component, 2024 - 2031, USD Million
TABLE 62 US Software as a Service Market by Deployment, 2020 - 2023, USD Million
TABLE 63 US Software as a Service Market by Deployment, 2024 - 2031, USD Million
TABLE 64 US Software as a Service Market by Application, 2020 - 2023, USD Million
TABLE 65 US Software as a Service Market by Application, 2024 - 2031, USD Million
TABLE 66 US Software as a Service Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 67 US Software as a Service Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 68 US Software as a Service Market by Industry, 2020 - 2023, USD Million
TABLE 69 US Software as a Service Market by Industry, 2024 - 2031, USD Million
TABLE 70 Canada Software as a Service Market, 2020 - 2023, USD Million
TABLE 71 Canada Software as a Service Market, 2024 - 2031, USD Million
TABLE 72 Canada Software as a Service Market by Component, 2020 - 2023, USD Million
TABLE 73 Canada Software as a Service Market by Component, 2024 - 2031, USD Million
TABLE 74 Canada Software as a Service Market by Deployment, 2020 - 2023, USD Million
TABLE 75 Canada Software as a Service Market by Deployment, 2024 - 2031, USD Million
TABLE 76 Canada Software as a Service Market by Application, 2020 - 2023, USD Million
TABLE 77 Canada Software as a Service Market by Application, 2024 - 2031, USD Million
TABLE 78 Canada Software as a Service Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 79 Canada Software as a Service Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 80 Canada Software as a Service Market by Industry, 2020 - 2023, USD Million
TABLE 81 Canada Software as a Service Market by Industry, 2024 - 2031, USD Million
TABLE 82 Mexico Software as a Service Market, 2020 - 2023, USD Million
TABLE 83 Mexico Software as a Service Market, 2024 - 2031, USD Million
TABLE 84 Mexico Software as a Service Market by Component, 2020 - 2023, USD Million
TABLE 85 Mexico Software as a Service Market by Component, 2024 - 2031, USD Million
TABLE 86 Mexico Software as a Service Market by Deployment, 2020 - 2023, USD Million
TABLE 87 Mexico Software as a Service Market by Deployment, 2024 - 2031, USD Million
TABLE 88 Mexico Software as a Service Market by Application, 2020 - 2023, USD Million
TABLE 89 Mexico Software as a Service Market by Application, 2024 - 2031, USD Million
TABLE 90 Mexico Software as a Service Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 91 Mexico Software as a Service Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 92 Mexico Software as a Service Market by Industry, 2020 - 2023, USD Million
TABLE 93 Mexico Software as a Service Market by Industry, 2024 - 2031, USD Million
TABLE 94 Rest of North America Software as a Service Market, 2020 - 2023, USD Million
TABLE 95 Rest of North America Software as a Service Market, 2024 - 2031, USD Million
TABLE 96 Rest of North America Software as a Service Market by Component, 2020 - 2023, USD Million
TABLE 97 Rest of North America Software as a Service Market by Component, 2024 - 2031, USD Million
TABLE 98 Rest of North America Software as a Service Market by Deployment, 2020 - 2023, USD Million
TABLE 99 Rest of North America Software as a Service Market by Deployment, 2024 - 2031, USD Million
TABLE 100 Rest of North America Software as a Service Market by Application, 2020 - 2023, USD Million
TABLE 101 Rest of North America Software as a Service Market by Application, 2024 - 2031, USD Million
TABLE 102 Rest of North America Software as a Service Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 103 Rest of North America Software as a Service Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 104 Rest of North America Software as a Service Market by Industry, 2020 - 2023, USD Million
TABLE 105 Rest of North America Software as a Service Market by Industry, 2024 - 2031, USD Million
TABLE 106 Key Information – Hewlett Packard Enterprise Company
TABLE 107 Key Information – Microsoft Corporation
TABLE 108 Key Information – Oracle Corporation
TABLE 109 Key Information – IBM Corporation
TABLE 110 Key Information – SAP SE
TABLE 111 Key Information – Google LLC
TABLE 112 Key Information – Epicor Software Corporation
TABLE 113 Key Information – ServiceNow, Inc.
TABLE 114 Key Information – Salesforce, Inc.
TABLE 115 Key Information – VMware, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Global Software as a Service Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Software as a Service Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2023
FIG 6 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 7 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Jun – 2024, Sep) Leading Players
FIG 8 Porter’s Five Forces Analysis – Software as a Service Market
FIG 9 North America Software as a Service Market share by Component, 2023
FIG 10 North America Software as a Service Market share by Component, 2031
FIG 11 North America Software as a Service Market by Component, 2020 - 2031, USD Million
FIG 12 North America Software as a Service Market share by Deployment, 2023
FIG 13 North America Software as a Service Market share by Deployment, 2031
FIG 14 North America Software as a Service Market by Deployment, 2020 - 2031, USD Million
FIG 15 North America Software as a Service Market share by Application, 2023
FIG 16 North America Software as a Service Market share by Application, 2031
FIG 17 North America Software as a Service Market by Application, 2020 - 2031, USD Million
FIG 18 North America Software as a Service Market share by Enterprise Size, 2023
FIG 19 North America Software as a Service Market share by Enterprise Size, 2031
FIG 20 North America Software as a Service Market by Enterprise Size, 2020 - 2031, USD Million
FIG 21 North America Software as a Service Market share by Industry, 2023
FIG 22 North America Software as a Service Market share by Industry, 2031
FIG 23 North America Software as a Service Market by Industry, 2020 - 2031, USD Million
FIG 24 North America Software as a Service Market share by Country, 2023
FIG 25 North America Software as a Service Market share by Country, 2031
FIG 26 North America Software as a Service Market by Country, 2020 - 2031, USD Million
FIG 27 Recent strategies and developments: Hewlett Packard Enterprise Company
FIG 28 SWOT Analysis: Hewlett Packard Enterprise Company
FIG 29 Recent strategies and developments: Microsoft Corporation
FIG 30 SWOT Analysis: Microsoft Corporation
FIG 31 Recent strategies and developments: Oracle Corporation
FIG 32 SWOT Analysis: Oracle Corporation
FIG 33 Recent strategies and developments: IBM Corporation
FIG 34 SWOT Analysis: IBM Corporation
FIG 35 SWOT Analysis: SAP SE
FIG 36 Recent strategies and developments: GOOGLE LLC
FIG 37 SWOT Analysis: Google LLC
FIG 38 SWOT Analysis: ServiceNow, Inc.
FIG 39 SWOT Analysis: Salesforce, Inc.
FIG 40 SWOT Analysis: VMware, Inc.
