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SaaS report for the third quarter of 2020 From GP Bullhound

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The following is the SaaS report for the third quarter of 2020 From GP Bullhound recommended by recordtrend.com. And this article belongs to the classification: SAAS, cloud computing, research report.

GP bullhound released the “SaaS report for the third quarter of 2020”, which analyzes six major trends:

Changes in spending patterns have increased the demand for real-time customer intelligence

Covid-19 has had an adverse impact on global income levels. Long term financial uncertainty has transformed consumer spending patterns into necessities, such as groceries and household goods, and significantly reduced spending on non essential categories such as clothing, shoes and travel. In addition to the changes in the products consumed, consumers are increasingly turning to online shopping and other non-contact shopping, and the consumption channels and loyalty preferences have also changed. These changes require real-time insight to track customer preferences and monitor customer experiences to identify and prevent customer churn.

Increasing demand for cloud based supply chain management software

Changes in product and channel requirements accelerate the demand for supply chain management (SCM) software. It contributes to the smooth operation of complex production and delivery processes, and provides Data-Driven Insights for optimization. SCM software market is expected to grow by about US $9 billion from 2020 to 2024, with a compound annual growth rate of about 11%.

QR code is more and more popular in payment processing software platform

It is estimated that the payment processing software market will grow by more than US $46 billion from 2020 to 2025. The number of users of new payment technologies (especially QR code and digital wallet) has increased by 10% since the popularity of hubris, which forces the main payment processing platforms to provide functions to meet the needs of customers.

Blended learning LMS software promotes global corporate and academic e-learning

Blockade and social alienation have led to changes in the way students and workers study and work, and learning management system (LMS) software is popular. From 2020 to 2025, the global LMS software market is expected to grow by about US $12 billion at a compound annual growth rate of about 14%.

Enterprises and small and medium enterprises turn to cloud based data warehouse solutions

According to IDC’s forecast, 125 million Pb of data will be created, captured and used in structured, semi-structured and unstructured formats by 2024. The data warehouse market is expected to reach US $24 billion by 2030.

Software focused spac takes precedence over IPO

Covid-19 has led to volatility in technology stocks on the open market. To mitigate market risk, the long-standing private technology unicorn is now seeking to enter the public market through special purpose acquisition companies (spacs) rather than traditional IPOs.

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