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.