UK Software as a Service (SaaS) Market Set to Grow at 13.49% CAGR Through 2033

UK Software as a Service (SaaS) Market Overview

Market Size in 2024: USD 16.3 Billion

Market Forecast in 2033: USD 51.4 Billion

Market Growth Rate (2025–2033): 13.49% CAGR

The UK software as a service (SaaS) market reached USD 16.3 Billion in 2024 and is projected to reach USD 51.4 Billion by 2033, growing at a CAGR of 13.49% during 2025–2033, according to IMARC Group. This growth is being driven by increasing adoption of cloud-based solutions, digital transformation initiatives, cost-effectiveness, and the growing demand for scalable, flexible software models across industries.

UK Software as a Service (SaaS) Market Trends and Drivers:

Businesses in the UK are making a swift transition from traditional on-premises setups to SaaS models. This shift is largely driven by the need to cut down on IT infrastructure costs, enjoy quicker deployment times, and enhance accessibility for users.

Industry-Wide Applications

SaaS solutions are becoming increasingly popular in various sectors like BFSI, healthcare, retail, education, and manufacturing. They’re really helping out with functions such as CRM, ERP, analytics, and workforce management.

Remote Work and Collaboration

The rise of hybrid and remote work after the pandemic has really ramped up the need for cloud-based collaboration and communication tools.

Government and Enterprise Support

Supportive digitalization policies, along with a boost in investments from companies in cloud security and AI integration, are driving the growth of the market.

UK Software as a Service (SaaS) Market News

• June 2025: Salesforce announced the launch of an AI-powered CRM suite tailored for UK businesses.
• March 2025: Microsoft expanded its UK-based Azure cloud infrastructure to support growing SaaS demand.
• January 2025: Oracle introduced new cloud-native ERP SaaS solutions in the UK market.
• October 2024: Google Cloud partnered with UK universities to provide SaaS-based education and research tools.

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UK Software as a Service (SaaS) Market Segmentation

Component Insights:

• Software
• Services

Deployment Insights:

• Public Cloud
• Private Cloud
• Hybrid Cloud

Enterprise-size Insights:

• Small & Medium Enterprises
• Large Enterprises

Application Insights:

• Customer Relationship Management (CRM)
• Enterprise Resource Planning (ERP)
• Human Capital Management
• Content, Collaboration & Communication
• BI & Analytics
• Others

Industry Insights:

• Banking, Financial Services and Insurance (BFSI)
• Retail and Consumer Goods
• Healthcare
• Education
• Manufacturing
• Travel & Hospitality
• Others

Regional Insights:

• London
• South East
• North West
• East of England
• South West
• Scotland
• West Midlands
• Yorkshire and The Humber
• East Midlands
• Others

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Explore the Full Report with Charts, Table of Contents, and List of Figures:

https://www.imarcgroup.com/request?type=report&id=24894&flag=C

Key Highlights of the Report:

• Market Performance (2018–2024)
• Market Outlook (2025–2033)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain Analysis
• Competitive Landscape

About IMARC Group

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Information

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