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Research Outline
Prepared for Yacob B. | Delivered June 18, 2020
SaaS Market Sizes
Goals
To support the identification of market opportunities by determining the market sizes and growth rates for SaaS in advisory/consulting, HR and freelancing/remote work.
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Early Findings
SaaS in HR
According to Research Nester, the SaaS market for HR is expected to grow at a CAGR of
10.2% between 2016 and 2023
.
Notably, this translates to the SaaS market for HR growing from
$11.93 billion as of 2015
to
$20.3 billion by 2023
.
The rapid expansion of the SaaS HR market is currently being driven by the
adoption of these services in key industries
, including healthcare, manufacturing and education.
Additionally, North America is currently the largest SaaS HR market worldwide, and is forecast to experience the "
highest growth
" through
2023
.
SaaS in Freelancing/Remote Work
Although initial research suggests there is limited, directly-compiled information about the SaaS market for freelancers, the Cloud Software Association estimates that the total addressable market for SaaS for remote workers is
13.5 million
customers.
The Cloud Software Association adds that it is reasonable to assume that SaaS products for this market will be priced at
$100
per customer per year, which suggests that the total addressable market for SaaS for freelancers is
$1.35 billion
.
SaaS in Consulting
Initial research indicates that there may be no publicly available data on the SaaS market size for consulting.
Other Findings
In addition to this public search, we scanned our proprietary research database of over 1 million sources and were unable to find any specific research reports that address the stated goals of this research.
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Prepared By
Alexandra I.
1007 assignments | 5.0