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 £37.3bn of investment and the sector is growing at 44.7% 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
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RTIC0029 Software as a Service (SaaS) 2966 companies
Companies selling software subscriptions, often hosted in the cloud, either directly to consumers or to businesses.
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Software as a Service (SaaS): Analytics729 companies
Companies producing SaaS platforms that facilitate data analytics processes
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Software as a Service (SaaS): Communications239 companies
Companies supplying SaaS platforms that facilitate communication between people
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Software as a Service (SaaS): Development630 companies
Companies providing specialised services to SaaS developers
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Software as a Service (SaaS): Finance and Accounting367 companies
Companies providing SaaS platforms applied within accounting and / or for financial purposes
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Software as a Service (SaaS): Healthcare248 companies
Companies developing SaaS platform for the healthcare sector
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Software as a Service (SaaS): Human Resources382 companies
Companies selling access to SaaS platform for HR departments
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Software as a Service (SaaS): Marketing513 companies
Companies offering SaaS platforms used to increase sales or support marketing processes.
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Software as a Service (SaaS): Real Estate240 companies
Companies providing SaaS platforms for the real estate industry
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Software as a Service (SaaS) industry growth
Based on a growth rate of 44.7%, we expect that this sector could be worth £89.1bn by 2024. Below you can see our forecast of the growth of the sector.
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