What is the development prospect of SaaS in China?

——Analysis of market development trends of China's SAAS (Software as a Service) industry in 2021. The industry will further develop towards verticalization, platformization and intelligence. Major listed companies in the industry: UFIDA Network (600588), Kingdee International (00268.HK), Huasheng

Tiancheng (600410), Venus Chen (002439) Core data of this article: China's enterprise-level SAAS market size forecast, public cloud SAAS market size forecast It is expected that China's enterprise-level SAAS market size will reach 295.5 billion yuan in 2026. Compared with 2C applications, 2B applications are in

It plays an important role in China's SAAS industry.

China's digital transformation potential is huge, especially for small and medium-sized enterprises, providing ample room for growth in enterprise software and SAAS spending.

Government moves towards cloud adoption and software localization, rising labor costs and COVID-19 drive to virtualize “everything” are strong catalysts for the growth of the SAAS market size.

According to predictions from the Qianzhan Industry Research Institute, China's enterprise-level SAAS market size will reach 295.5 billion yuan by 2026.

It is expected that the public cloud SAAS market size will reach 186.2 billion yuan in 2026. In 2020, the public cloud SAAS market size in China is only 28 billion yuan, only 1/3 of China's IAAS, and only equivalent to about 5% of the US public cloud SAAS market.

Due to the increasing domestic acceptance of IAAS services and the emergence of more IAAS-based applications, according to the forecast of the Qianzhan Industry Research Institute, the growth rate of China's public cloud SAAS will rebound to a compound annual growth rate of 43% from 2021 to 2026.

Slightly faster than the growth of IAAS, the public cloud SAAS market size will reach 186.2 billion yuan in 2026, exceeding 1/5 of the US public cloud SAAS market and accounting for approximately 60% of China's overall SAAS market.

Analysis of factors hindering the development of the SAAS industry. A forward-looking analysis believes that there are constraints on the development of the SAAS industry due to data information security, lack of industry service standards, and imperfect credit systems and policies and regulations.

Analysis of factors promoting the development of the SAAS industry. In recent years, my country's cloud computing industry has received great attention from the country. The SAAS industry has been supported by national policies and has good capital. Driven by continuous technological innovation and strong demand from small and medium-sized enterprises, the industry will develop well.

The SAAS industry will further develop towards verticalization, platformization, and intelligence. In 2020, affected by the COVID-19 epidemic, the proportion of Chinese enterprise users' application of SaaS services has increased, and their recognition of SaaS services has increased significantly. This has laid a solid foundation for the long-term development of the SaaS industry.

A good user base has been established.

Qianzhan believes that the SaaS industry will usher in the following development trends: The above data refers to the "China SAAS (Software as a Service) Industry Market Forecast and Investment Strategy Planning Analysis Report" by the Qianzhan Industry Research Institute.