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The market benefits from the pandemic due to a shift to cloud and online platforms. Moreover, it is expected to grow to $319 billion by 2030. In 2020, the global PaaS market was valued at about $44 billion (Allied Market Research, 2021). The migration from SaaS to PaaS is evident in the rapid increase of demand in the last few years. Complete flexibility and customizability differentiate PaaS from SaaS. It provides a platform for developers to design and deploy applications without having to worry about time-consuming routine or specialized tasks, such as load balancing, storage configuration, and auto-scaling. On the other hand, PaaS allows companies to build custom applications that live on the cloud. This means customization is limited if present at all. However, they usually come with sets of features that are designed to work out of the box. SaaS provides companies with immediate and complete service. They will require custom applications that will meet their exact needs. And, as businesses move to the cloud, so do their needs change. While companies share some common business operations, each organization is unique. And, within the next few months, companies will continue to bring their operations online through people management apps, productivity platforms, and remote delivery systems. CRMs, sales platforms, and other key business applications have followed suit.

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Some of the early winners in the SaaS software space are applications such as video conferencing, screen sharing, and other collaboration software. The same study also predicts that about 57% of organizations will be using hybrid or cloud-based SaaS by 2023. For example, a 2021 Information Services Group (ISG) survey showed that 46% of companies are using HR SaaS platforms, a 20% increase from two years ago (Business Wire, 2021). With 70% of full-time workers in the United States having worked remotely (Owl Labs, 2021)-and many continuing to do so-employers began adjusting their workplaces to accommodate remote work and hybrid models.įor most companies, this means faster adoption of SaaS and other cloud services. Employee expectations changed permanently, with many opting to resign in pursuit of a better work-life balance or greater flexibility in terms of where and when they work. SaaS for Remote and Hybrid Work Is Here to StayĪs the pandemic progressed throughout the last few months, so did the approach and perception of work. On top of that, a new generation of SaaS is expected to help industries cope with the complexities brought about by the pandemic. As the various industries continue to move from in-office setups to remote and hybrid working, the SaaS market will continue to grow at a rapid pace in the coming years. In 2021, the SaaS market was worth about $145.5 billion. The unprecedented growth of SaaS serves as a proof of its wide adoption, from startups to international corporations.

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