The Top 5 SaaS Trends for 2023: Forecast

October 21, 2022

Did you know that the Global SAAS Market is expected to reach a value of USD 720.44 Billion by 2028? According to the report by SkyQuest technology, the SAAS market is forecasted to grow with a CAGR of 25.89%.

SaaS applications have evolved over the years and now provide advanced features that grow small businesses and enterprises alike. In this blog, we will be exploring the top 5 forecasted SaaS trends for 2023.

• Artificial Intelligence

Artificial Intelligence (AI) made the top of the 2022 trends list and in the coming year also, we will see AI making some serious waves in the SaaS industry. AI will become one of the standard features in every SaaS platform in the coming years.

• Machine Learning

Machine Learning is also expected to have a growth in the coming years in the SaaS industry to improve efficiency and streamline the operations of enterprises. Incorporating AI and machine learning, companies now offer MLaaS (Machine Learning as a Service) which provides facial recognition, data processing, and predictive analysis.

• Vertical SaaS

Vertical SaaS is already trending and is sure to be adopted by more businesses and enterprises in 2023 as its features are built and designed for the unique needs of the company.

• Low-Code and No-Code Platforms

Nowadays almost all SaaS platforms are either low-code or no-code platforms which make businesses and enterprises integrate and use them with ease. It was during the pandemic when the budget allocated for these platforms was limited, these SaaS platforms gained such popularity. Now almost every creator and even businesses use such platforms to create and build apps and experiences at a low budget.

SaaS is the Future!

The demand for SaaS is rising and is being adopted by many businesses and enterprises. If you are in search of SaaS software to streamline your operations or to even manage and improve productivity, and video conferencing, send us a mail at info@iboson.io.