The Future of SaaS: 10 Companies to Watch in the USA 2024
The SaaS industry is one that has been around for a while. It allows users to access and use the software from anywhere. This type of subscription software delivers applications over the internet instead of through traditional installation methods. Benefits include convenience, flexibility, and cost savings.
SaaS usage is continually growing at a rapid pace, making it an ideal business venture. The USA alone is home to many different companies, both big and small. They offer a variety of services such as customer relationship management (CRM), which allows businesses to track their customers’ behaviour.
Here is the list of Top 10 SaaS Companies in USA 2024:
1. HubSpot
HubSpot is a leading SaaS company that provides sales and marketing software to help businesses grow. The company was founded in 2006 by Brian Halligan and Dharmesh Shah, two former MIT graduate students.
Headquartered in Cambridge, Massachusetts, HubSpot has over 3,700 employees and serves more than 80,000 customers in over 100 countries. HubSpot was named one of the top SaaS companies to work for by Forbes in 2017 and 2018.
Revenue: $560.9 million
Expertise: Inbound marketing, sales, and customer service
2. Microsoft
Microsoft was founded in 1975 by Bill Gates and Paul Allen. Microsoft is a technology company that offers a range of products and services, including the Windows operating system, the Office suite of productivity software, and the Azure cloud computing platform.
Headquartered in Redmond, Washington, Microsoft has over 130,000 employees and serves customers in over 190 countries.
Revenue: $127.8 billion
Expertise: Productivity, CRM (customer relationship management), ERP (enterprise resource planning)
3. Oracle
Oracle was founded in 1977 by Larry Ellison, Bob Miner, Ed Oates.
Headquartered in Redwood Shores, California the technology company offers a range of SaaS products with its Oracle Cloud Platform; it lets businesses manage data & applications all within the cloud.
Oracle has been named one of the top ten Saas companies to work for by Forbes—two years running (2017, 2018).
Revenue: $39.84 billion
Expertise: Cloud Services, Database Management Software, and Enterprise Applications
4. Adobe
Adobe was founded in 1982 by John Warnock and Charles Geschke.
The company offers a range of creative products including Photoshop, Illustrator, InDesign and its new Creative Cloud offering.
Headquartered in San Jose, California; Adobe has over 18,000 employees and serves customers in over 180 countries.
All kinds of businesses use Adobe Saas products. This is because they help to make a company more efficient and effective in their endeavors. Software as a service companies are leading the tech industry in the USA.
Revenue: $11.09 billion
Expertise: Creative, marketing, and document management
5. Salesforce
Salesforce was founded by Marc Benioff and Parker Harris in 1999. They offer technology solutions for customer relationship management (CRM) and enterprise resource planning (ERP). Along with these, Salesforce also offers software suites such as its Marketing Cloud and Service Cloud.
Salesforce is actually the number one SaaS provider for businesses on a global scale. With over 30k employees and customers in more than 150 countries, they have quite the hold on the market. Their CRM, ERP, and marketing suites are used by over 150k customers currently. Forbes has named them one of the top SaaS companies for two years in a row now.
Revenue: $10.48 billion
Expertise: CRM, customer service, commerce, and marketing automation
6. Workday
Workday was founded by Aneel Bhusri and Dave Duffield back in 2005. Although it’s not as well known as some other companies on this list, they still provide human capital management systems along with financial management solutions like many others on this list do.
Workday has over 5k employees serving customers in over 170 countries currently. Their cloud-based financial management system has been trusted time and again by small to midsize enterprises everywhere.
Revenue: $2.85 billion
Expertise: Financial management, human capital management, and analytics
7. ServiceNow
Fred Luddy built ServiceNow from the ground up back in 2004 making it one of the oldest companies here today.. They offer IT service management, IT operations management, and IT business management solutions.
ServiceNow is headquartered in Santa Clara, California and serves customers in over 150 countries. With five thousand employees, they have a wide range of SaaS products for businesses of all sizes. Forbes has named them one of the top SaaS companies for two years in a row now.
Revenue: $2.74 billion
Expertise: IT service management, IT operations management, and IT business management
8. Zendesk
Zendesk was founded by Mikkel Svane and Alexander Aghassipour back in 2007. They offer customer service and engagement solutions which are mainly used by small to midsize businesses around the globe.
With over 3k employees serving customers in more than 150 countries today, Zendesk is an industry leader when it comes to customer support software.
Revenue: $1.43 billion
Expertise: Customer service, customer engagement, and support
9. Twilio
Twilio was launched in 2008 by Jeff Lawson, Fred McClimans, and Evan Cooke. The company is a provider of cloud communications solutions and operates as a SaaS company. Twilio’s focus is on tools that assist businesses ranging from small to midsize.
Twilio is a leader in the SaaS industry and offers cloud-based communications solutions for businesses of all types. With over 1,000 employees, it serves customers in more than 180 countries worldwide. Based in San Francisco, California, the SaaS business offers many different products for companies big and small. It also earned recognition as one of the best SaaS companies to work for by Forbes in 2017 and 2018.
Revenue: $1.92 billion
Expertise: Communications, cloud computing, and SaaS
10. Tableau
Tableau was founded in 2003 by Christian Chabot, Pat Hanrahan, and Chris Stolte. Tableau is a SaaS company that offers data visualization and analytics solutions. Tableau serves businesses of all sizes, with a focus on enterprise customers.
Tableau is known as a top SaaS company because it specializes in data visualization and business intelligence products. Its software empowers organizations to better use their data by displaying it visually using charts or graphs. In addition to operating globally – with customers in over 85 countries – its headquarters are located in Seattle, Washington.
Revenue: $1.16 billion
Expertise: Data visualization, business intelligence, and SaaS
Also Read: Top 10 EV Companies in USA
Conclusion:
These are the top 10 SaaS companies in USA. SaaS is a rapidly growing industry with a wide range of solutions for businesses of all sizes. These companies offer a comprehensive suite of SaaS products for a variety of industries.
FAQ:
1.What is SaaS?
SasS stands for software as a service and is the delivery model for certain types of programs. The provider hosts the software on the web, enabling customers to access and utilize it through a web browser. Meanwhile, the provider handles all infrastructure and security responsibilities.
2.What are the benefits of SaaS?
SaaS programs benefit businesses in many ways, such as by lowering costs and increasing scalability and flexibility. Collaboration can also be improved with these tools. Moreover, their pay-as-you-go nature is advantageous for companies that have limited IT budgets.
3.What industries use SaaS?
Industries like healthcare, manufacturing, retail, education use SaaS across their processes.
4.What are top SaaS companies?
Salesforce, Workday, ServiceNow, Zendesk,Twilio,and Tableau are among the best in class when it comes to offering SaaS products.
5.What are challenges of using SaaS?
The challenges include concerns over cybersecurity and data privacy along with vendor lock-in issues. Additionally reliance on internet connectivity also remains an issue. For its services typically have high upfront costs plus long-term contracts which can make cancellation difficult.
