Software-as-a-Service (SaaS) has become a core component of today’s IT infrastructures. SaaS is quickly gaining popularity among businesses looking for easily accessible, flexible, hassle-free and cost-effective business solutions. SaaS adoption has increased at an unprecedented rate, especially in the wake of the disruption caused by the COVID-19 pandemic. The global SaaS market size was $130.69 billion in 2021 and is expected to grow to $716.52 billion by 2028, at a CAGR of 27.5% during the forecast period.
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