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Top 5 SaaS Trends in 2020

We have just completed our latest market research and wanted to present what we believe are the most important SaaS trends for 2020. We have done a lot of research, researched the most important qualities of software as a service innovation, and examined some important quality software - as service innovations. If you want to make 2020 the best decade for SaaS solutions, this could be it.







The key trends around the new ideas in SaaS and IT: last year has been an innovative year, but we are more excited than ever about the years ahead and the future of the industry. We expect to see a significant increase in cloud and cloud solutions - first-time solutions for enterprise customers and the growth of cloud services for businesses - by 2020. [Sources: 5, 9, 12, 21]

If you're interested in design inspiration, the ultimate SaaS trend list for 2020 can be a useful resource to get your ideas going. Of course, not all of these measures make sense for every SaaS company, but you just need to know that your company is at the heart of the SaaS trend cycle. This helps you to develop a tailor-made SaaS application according to your business needs and available resources and to take into account any SaaS trend. By doing this, you understand how each of these impacts your business, whether you are a seller or consumer of a SaaS product. [Sources: 2, 10, 14, 15]

Therefore, partnering with a SaaS marketing agency will ensure that you work with SaaS growth hackers who focus on scaling your SaaS business. Examples of SaaS vertical systems include e-commerce, healthcare, education, healthcare, financial services, retail, and more. [Sources: 18, 19]

These types of companies also tend to grow faster than horizontal companies and represent a larger share of the overall SaaS market. The market size of vertical SaaS offerings has already tripled in the last decade and is sure to grow as more and more companies look for tailor-made software solutions. As competition between horizontal and horizontal - to vertical - SaaS products reaches a fever pitch, vertical SaaS can be expected to remain on-trend until 2020. [Sources: 3, 8, 20]

We believe that focusing on these areas will significantly improve customer loyalty, increase your SaaS capabilities, and help ensure the success of your business. Of course, these are not the only trends that will affect the SaaS industry in 2020, but the list we compiled with the help of SaaS Trend - observers and users Provides an overview of the types of software offered to you in the cloud. When customers are looking for their SaaS provider, we'll show you the top 5 trends over the next five years to give you a good idea of what the next steps you can take to grow your business. Another SSAS market trend for 2020 will be the rise of open-source software, with more SaaS vendors breaking up their core offerings to allow customers to choose. [Sources: 4, 17, 24, 25]

To illustrate how important and useful each type of SaaS can be, we have looked at the vertical and SaaS platforms listed on TrustRadius. Micro - SaaS takes advantage of an SaaS and condenses it into a tiny package that focuses on a niche market with a dedicated user base. As we have seen, the rise of micro-SaaS makes it easier for ordinary people to start SaaS businesses. [Sources: 1, 16, 22]

In recent years, data analysis has become a growing focus for SaaS companies, and user spending on such apps is projected to increase by 23.3% between 2017 and 2022. Analytics and data have been a growth and focus point for SaaS companies in recent months, with Gartner saying they have been investing more and more in their business intelligence applications. Using analytics in a SaaS solution gives them a way to generate revenue and scale faster. Data and analytics have become an increasingly focused area of the SaaS business. In recent years, SaaS companies have invested more in SaaS applications and business intelligence. [Sources: 5, 13, 26]

According to Chiefmartec research, the average company spent $343,000 on SaaS in 2016, an increase of 5.5% from the previous year. ChiefMartec's research revealed that in 2017, when we identified their investments in their business models, there were 5,381 companies, an increase of 4.7% compared to the same period in 2014. [Sources: 0, 7]

So what are the top 10 trends in SaaS that companies will definitely see in 2020 and what can we learn from them in 2019? To give you an idea of what organizations are looking for, we have compiled a list of the five fastest-growing SAAS companies in the United States. [Sources: 6, 23]

You only have to know that Software as a Service (SaaS) has been the most widely used service since cloud computing began. Although the Software-as-a-Service has been around since 1960, the rise of the cloud and computing has made the SaaS platform it's own. If you're looking for a future SSAS trend, cloud security is one of the hottest. [Sources: 10, 11, 19]






Sources:

[0]: https://99firms.com/blog/saas-statistics/

[1]: https://www.softwaredevelopmentcompany.co/blog/saas-development-trends/

[2]: https://www.manypixels.co/blog/post/saas-design-trends-2020

[3]: https://www.w2ssolutions.com/blog/saas-technology-trends-2020/

[4]: https://www.uptick.com/blog/saas-industry-trends/

[5]: https://www.gooddata.com/blog/top-5-saas-trends-every-product-company-should-know

[6]: https://litslink.com/blog/top-10-saas-trends-in-2020

[7]: https://sujanpatel.com/saas/saas-trends/

[8]: https://devsquad.com/blog/saas-market-trends/

[9]: https://www.cdnsol.com/blog/what-saas-trends-will-boom-in-2020/

[10]: https://financesonline.com/saas-trends/

[11]: https://saasx.com/2020/02/11/the-8-biggest-saas-trends-of-2020/

[12]: https://surveysparrow.com/blog/saas-trends-2020/

[13]: http://www.cognitiveclouds.com/insights/10-things-top-saas-companies-need-to-watch-out-for-in-2020/

[14]: https://www.cazoomi.com/blog/6-saas-trends-that-will-shape-2020/

[15]: https://sumatosoft.com/blog-post/how-saas-is-taking-over-the-world-and-the-main-trends-in-saas-development

[16]: https://www.trustradius.com/buyer-blog/the-growth-of-vertical-saas-companies-today

[17]: https://davidgasparyan.com/top-saas-market-trends-2020-statistics/

[18]: https://saasmarketingtrends.com/saas-pricing-models/

[19]: https://greenice.net/the-future-of-saas-top-5-saas-trends-in-2020/

[20]: https://clockwise.software/blog/top-saas-development-trends/

[21]: https://www.pactsafe.com/blog/5-saas-trends-to-watch-in-2017

[22]: https://www.mindk.com/blog/7-trends-for-saas-idea/

[23]: https://blog.hubspot.com/service/top-saas-companies

[24]: https://www.revtekcapital.com/blog/top-10-saas-trends-2020-edition/

[25]: https://www.networkworld.com/article/2177308/10-saas-companies-to-watch.html

[26]: https://www.piesync.com/blog/the-saas-guide-the-tools-and-trends-shaping-tech-in-2020/



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