It is one of the most popular and the most talked-about industries and its revenue is forecasted to generate some $157 billion by the end of 2022.
Yes, you guessed it right! We are talking about SaaS. SaaS or Software as a Service.
SaaS is the process of delivering applications over the internet as a service and it is one of the most profitable business ventures.
The popularity of the SaaS business model is soaring high and hence we have come up with the top 25 highest revenue-generating SaaS companies that are the most sought-after by the job-aspirants.
If you are looking for software jobs, these companies are the best places to work for.
Google is unanimously chosen as the top-most SaaS company.
People all across the world know Google as the most commonly used Search Engine.
Google Cloud Platform offers wide-ranging products right from storage to API management, computing and AI storage, the company’s SaaS offerings are really diversified.
G-Suite which was once known as Google Apps previously had a collection of tools developed by the company that included the most commonly used G Suite.
G Suite includes Gmail for the email service, docs for the document creation, Calendar for the time-management, drive for the cloud storage and more.
People with Google accounts can use these services for free but over 4m businesses have availed their paid services.
G-suite has earned more than $1 billion/quarter which has made it one of the top SaaS companies in the world.
When top global SaaS companies are talked about, Salesforce cannot be overlooked.
This SaaS company launched the most widely used concept of CRM or Customer Relationship Management.
The company has expanded to machine learning, marketing, platform development and social networking.
Customers can access the software on a recurring basis at any time and through any computer.
The company generates most of its yearly recurring revenue from Cloud SaaS tool sets and has a market cap of $208.91 billion. The company is targeting big corporations.
There would be no exaggeration to term Microsoft one of the world’s largest SaaS companies.
Ever since the company has shifted to the Cloud with its Cloud-based Microsoft products like Outlook, Dynamics 365, and office 365 that is built and hosted on MS Azure, it has grown tremendously.
A lot of people are using Azure as a foundation for SaaS apps that lets them take the benefit of powerful technology as well as intelligent tools like machine learning and analytics.
The company always prioritizes its customers and this is the reason why it has gained immense popularity.
Adobe has transformed its business from a software license providing company into a company that offers cloud-based businesses.
A creative Cloud is a software as a service offering from Adobe Systems which offers Users access to a wide collection of software developed by Adobe for the purpose of Video editing, web development, cloud services and photography etc.
With over two million companies and individuals paying the subscription fees for using Adobe applications like Illustrator, Photoshop, After Effect and InDesign, it generates more than $5 billion of recurring revenue yearly.
The company’s Marketing cloud is used by most Fortune 50 companies.
Oracle is one of the world’s well-known and leading SaaS companies.
The company offers a comprehensive and fully integrated cloud platform and Cloud application services.
Oracle cloud offers a wide range of cloud-based applications that include enterprise performance management cloud, supply chain management cloud and much more. Oracle cloud provides Software as a Service (SaaS), Data as a Service (DaaS) and Platform as a Service (Paas).
Cloud services of Oracle bring over $6 billion as revenue.
The company has more than 420,000 customers and all Fortune 100 companies are availing of its services.
SAP is one of the oldest cloud-based apps for all lines of businesses.
It is a 46-year-old German SaaS company that is constantly growing in popularity.
It offers a vast range of cloud applications that include enterprise resource planning, analytics, customer relation management and human resources etc.
It generates more than $5 billion in revenue.
Get the best software and technology solutions from SAP. It is one of the largest software job providers.
It is a cloud-based customer-care service and a customer support solution.
It is an award-winning customer service that is trusted by more than 200 thousand customers all across the world.
It supports ticketing systems and the company has a mission to track, prioritise and solve customer-support interactions.
It is more than just a mere help desk.
The company supports and nurtures customer relationships with personalised, responsive support.
The award-winning CRM software offered by Zendesk is trusted by more than 200K customers.
This leading global SaaS company has a market share of $14.68 billion.
8. Adobe Creative Cloud
Adobe creative cloud is a reinvention based in San Jose; the company is a fully transitioned from a merely licensed software company to a multi-billion-dollar SaaS unit.
Its customers all across the world can buy entire SaaS products from them.
Adobe’s creative products like Premiere Pro and Photoshop are considered examples of SaaS.
The audio and video editing tools offered by Adobe Creative Clouds are available annually to the cloud-based SaaS business subscribers.
It generates annual revenue of $15.79 billion.
RingCentral is another well-known global SaaS company that provides cloud-based telecommunication solutions to modern business units.
It offers a wide range of messaging and video options which enable organizations to communicate internally.
It is a premium product, RingCentral Office offers multiple utilities that include messaging and conferencing.
In March 2022, RingCentral has a market cap of around $11.57 which is expected to grow.
Paychex came into being in the year 1971.
This SaaS unit combines innovative technologies with superior customer service and human resources.
This Paychex is a finance and payroll vertical. The company caters to the needs of payroll, human resources and the advantages of outsourcing solutions to small and mid-sized businesses.
Companies needing payroll, time and attendance, training, HR and other similar solutions reach out to Paychex.
It generates annual revenue of $4.1 billion.
Based in New Zealand, Xero is a cloud accounting software platform for small and medium enterprises which is very helpful for accounting professionals.
All the products of Xero are based on the SaaS model and the products are sold in over 180 countries worldwide.
It is awarded as the best SaaS company by the cloud awards which is known for providing cloud accounting software for accounting professionals and for small-sized businesses.
Expense claims, fixed asset depreciation, purchase orders, and account feeds are some of the key features of Xero.
It generates annual revenue of around 2 billion.
GitHub is an open-source community and source-code management system for software developers.
This open-source community and source-code management system for software developers is used for developing, storing, managing and distributing code through Git.
It was founded in 2008 and headquartered in San Francisco.
This is a leading software development and version control platform that is widely used for content development and management.
It has an annual revenue of $200-300 million.
Atlassian is another top-notch SaaS company which creates tools for software management and development.
Millions of users all across the globe rely on Atlassian which collaborates with best-in-class SaaS companies.
This SaaS company develops products for the project managers, software developers and other software development teams.
Trello and Jira are two of the most widely used tools of Atlassian.
Based in Sydney, the company was founded in 2002.
Atlassian generates yearly revenue of about $2 billion.
Zoom meets are immensely popular and this SaaS company and a well-known cloud platform for audio and video conferencing provide its user with an easier and stress-free platform for holding meetings and video conferencing.
The company is based in San Jose and was founded in the year 2011.
It drives in annual revenue of $2-3 billion.
Slack is an enterprise software platform which is designed for businesses and for teams of all sizes. The platform is designed for teams and businesses of all sizes to communicate efficiently through online messaging applications.
It is headquartered in Vancouver, Canada and was founded in the year 2009.
The company has more than 3 million paid users and a 30% conversion rate.
The SaaS unit value has grown up to $5 billion in just 4 years which has made it one of the fastest-growing SaaS companies.
Pipedrive is a powerful SaaS CRM tool which is easier to use and simpler to scale.
It is a web-based CRM for the sales teams for monitoring new sales opportunities and for assigning leads to the sales funnel and pipeline.
With the help of software provided by Pipedrive new and qualified leads can be generated for growing business.
It was founded in 2010 and based in New York.
It generates annual revenue of about $65 million.
With the help of this online automation tool apps and services can be connected.
With the help of the software provided by Zapier, users can connect services and apps for performing automated repetitive tasks without the need for coding.
It was founded in the year 2011 and is based in Columbia.
Typeform is one of the leading SaaS companies that specializes in online surveys and online form building.
It is a Spanish online software as a service or SaaS firm that has the main function of creating dynamic forms based on the needs of users.
The software provided by Typeform is used by Airbnb, Nike, Uber and Apple Inc.
The software provided by Typeform churns out millions of forms daily.
Cisco is an integrated security platform for networking, collaboration and for data centres.
WebEx is a professional video conferencing service offered by Cisco.
It is a networking major that is high in demand.
With the help of Cisco Systems future behaviour of the network can be predicted. You can protect multi-cloud identities, direct-to-cloud connectivity, data and applications.
It generates about $4 billion dollars and this American multinational is based in San Jose, California.
Top recruitment agencies in India offer jobs in Cisco.
ServiceNow has been helping business enterprises in building and delivering applications and services over the cloud and has an improved UX.
Businesses can make use of the easy-to-build application development stack and for that, no complex hardware and software installation and maintenance activities are needed.
With the help of the software offered by ServiceNow, businesses can focus on the critical tasks which are related to growing and increasing your business.
It generates annual revenue of about 4.5 billion dollars.
This cloud-based e-mail marketing solution helps in creating and managing mailing lists, newsletters and automated campaigns.
Over the years, this cloud-based app has become a darling of digital marketers.
This all-in-one marketing platform helps people in managing mailing lists, automated campaigns and newsletters.
Users can integrate their contacts from CRM into Mailchimp for sending personalized emails that can nurture the prospects.
The application can integrate easily with Google Analytics and other popular services also.
Mailchimp has more than 20 million users and sends more than one billion e-mails every day.
This SaaS company generates $600 million in revenue.
This leading SaaS company develops cloud-based, inbound marketing software which provides enterprises with tools for content management, social media marketing, web analytics, customer experience and search engine optimization.
It offers a CRM platform that brings almost everything that scaling companies require.
The company generates total revenue of $1.30 billion.
Twilio is a leading name in the SaaS market.
It develops and publishes Internet Infrastructure solutions.
The company offers cloud computing platforms which enable web developers to integrate calls, and text messages into the web, phone applications and mobile.
With the help of the Twilio platform, developers can embed videos, voice, messaging and authentication into their apps.
Twilio generates revenue of about $2.8 billion a year.
One of the leading companies that has made a successful pivot to the cloud is Intuit.
The cloud-based SaaS platform is focused primarily on small businesses and personal finance users.
The company has converted its flagship finance and tax prep software like QuickBooks, Mint, Quicken, and TurboTax to cloud-based versions on huge demand from the public.
These cloud applications generate three-quarters of the company’s total revenue.
It generates annual revenue of 9.6 billion dollars.
25. GoTo Connect
GoToConnect which was formerly known as LogMeIn enables different individuals to connect and develop business relations.
The SaaS company is known for providing cloud-based communication services that include conferencing.
The platform is used by businesses for support and for remote management.
It generates revenue of more than $1.3 billion annually.