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Real-Time Industrial Classifications

UK Software as a Service (SaaS) Industry

Undercover and understand the UK’s emerging Software as a Service (SaaS) sector and the companies selling innovative software solutions and subscriptions. Find sector trends, growth information, financials and more with our SaaS Real-Time Industrial Classification (RTIC) data.

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What is Software as a Service (SaaS)?

Often abbreviated, SaaS stands for Software as a Service. It’s a term used to describe the process of delivering software or applications over the internet as a cloud-based service rather than being installed or downloaded.

Often run as a subscription service for customers and businesses, the SaaS model has allowed companies to make software more accessible, compatible and easier to operate, with customers able to access services direct through a browser. Today, SaaS platforms can be almost anything, from CRM systems and project management software to analytics and creative tools, providing innovative software to the healthcare, advertising, finance, real estate industries and beyond.

As the SaaS model has grown over the years, so has the categorisation of companies within the industry. As well as SaaS, don’t be surprised if you see reference to other types of services, including PaaS (Platform as a Service) and IaaS (Infrastructure as a Service).

Software as a Service (SaaS) sector summary

Discover real-time data and insights sourced directly from The Data City platform, driven by our innovative Real-Time Industrial Classifications (RTICs). Our RTICs harness the power of web data and machine learning, and are published with industry experts for precision and relevance.

Here are the key facts about the Software as a Service (SaaS) sector. The sector has a turnover of £77.5bn currently, has received £32.2bn of investment and the sector is growing at 44.3% per year.

3,076
COMPANIES CONSIDERED
£77.5bn
TOTAL TURNOVER
747,969
TOTAL EMPLOYEES
£32.2bn
TOTAL INVESTMENT FUNDING
£23.1m
TOTAL INNOVATE UK GRANT FUNDING
44.3%
AVERAGE COMPANY GROWTH PER YEAR

Software as a Service (SaaS) verticals

Our industry data goes deep. See the top verticals and specialisms making waves in the UK Software as a Service (SaaS) industry today.

Our Software as a Service (SaaS) RTIC is made up of 8 individual verticals. The top verticals in this sector include Analytics, and Development. You can find out more about the verticals by downloading our RTIC report, or by signing up for a free trial of The Data City platform.

  • Sector Code Description Records
  • RTIC0029 Software as a Service (SaaS) 3001 companies

    Companies selling software subscriptions, often hosted in the cloud, either directly to consumers or to businesses.

    • Software as a Service (SaaS): Analytics

      Companies producing SaaS platforms that facilitate data analytics processes

      754 companies
    • Software as a Service (SaaS): Communications

      Companies supplying SaaS platforms that facilitate communication between people

      246 companies
    • Software as a Service (SaaS): Development

      Companies providing specialised services to SaaS developers

      646 companies
    • Software as a Service (SaaS): Finance and Accounting

      Companies providing SaaS platforms applied within accounting and / or for financial purposes

      375 companies
    • Software as a Service (SaaS): Healthcare

      Companies developing SaaS platform for the healthcare sector

      272 companies
    • Software as a Service (SaaS): Human Resources

      Companies selling access to SaaS platform for HR departments

      395 companies
    • Software as a Service (SaaS): Marketing

      Companies offering SaaS platforms used to increase sales or support marketing processes.

      539 companies
    • Software as a Service (SaaS): Real Estate

      Companies providing SaaS platforms for the real estate industry

      242 companies

Software as a Service (SaaS) industry growth

Based on a growth rate of 44.3%, we expect that this sector could be worth £88.4bn by 2024. Below you can see our forecast of the growth of the sector.

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