Prepared for Yacob B. | Delivered June 18, 2020
SaaS Market Sizes
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.
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
$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 "
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
The Cloud Software Association adds that it is reasonable to assume that SaaS products for this market will be priced at
per customer per year, which suggests that the total addressable market for SaaS for freelancers is
SaaS in Consulting
Initial research indicates that there may be no publicly available data on the SaaS market size for consulting.
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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