Software as a Service, or SaaS for short, has been around since the 1960s. But it wasn’t until now that it has become a part of our daily lives. With that, here’s a list of the top 10 largest Software as a Service companies in the USA.
1. Adobe Inc.
According to mikesonders.com, Adobe Inc. is currently the largest Software-as-a-Service company in the USA, with its current market capitalization standing at 250.1 billion USD. And according to their website, Adobe Inc. has also solidified its place on the list after recording a whopping 12.87 billion USD in revenue last year.
2. Salesforce.com, inc.
Founded in 1999, Salesforce has been one of the leading Software-as-a-Service companies in the USA, providing a wide array of customer relationship management services to their clients. And according to mikesonders.com, they are currently second to Adobe Inc. on the biggest Software-as-a-Service companies list in terms of its market capitalization, which stands at $214.6 billion.
3. Shopify Inc.
According to their website, Shopify has grown to be one of the most popular e-commerce platforms in recent years, with over 7000 employees and a 2020 revenue of 2.93 billion USD. And according to mikesonders.com, they are currently the 3rd biggest Software-as-a-Service company in the U.S., with a market capitalization of $148.2 billion.
4. Square
Since 2009, Square has been providing financial services and digital payments all across America. And with their last year’s revenue of 9.49 billion USD and their current market capitalization of 119.6 billion USD, Square is currently ranked as the fourth largest Software-as-a-Service company in the USA, according to the list from mikesonders.com.
5. Intuit
Founded in 1983, Intuit is a company that specializes in providing financial software to their clients in the USA. According to their website, they currently have over 10,000 employees worldwide. And with its current market capitalization of $113.9 billion, Intuit is the fifth largest Software-as-a-Service company in the U.S., as per mikesonders.com.
6. ServiceNow
A software company based in California, ServiceNow has helped companies manage their digital workflows since 2003. And according to their 2020 report, ServiceNow has over 12,000 employees and a total of $4.519 billion in annual revenue. That, and their current market capitalization of $109.7 billion, makes them the sixth-largest Software-as-a-Service company, according to mikesonders.com.
7. Zoom Video Communications
Even though Zoom has been around since 2011, its success didn’t come until last year, when it became the go-to video communications software during quarantine. With its reported revenue of $2.65 billion last year and its current market capitalization of $97.6 billion, Zoom is ranked as the seventh-largest Software-as-a-Service company, according to mikesonders.com.
8. Snowflake
According to owler.com, Snowflake specializes in cloud-based data-warehousing software that helps businesses store and analyze information up to a petabyte of storage. And with its annual revenue of $592 million in 2020 and its current market capitalization of $68.2 billion, Snowflake is the 8th largest Software-as-a-Service company in the U.S., according to mikesonders.com.
9. Twilio
According to their website, Twilio powers the future of business communications by enabling developers to build, scale and operate real-time communications within software applications. And with 26 offices in sixteen countries and a current market capitalization of $66.5 billion, Twilio is ranked as the 9th largest Software-as-a-Service company in America, according to mikesonders.com.
10. Workday, Inc.
According to their website, Workday Inc. has been providing financial management and human capital management software to clients since 2005. And with over 12,500 employees as of 2020 and a current market capitalization of 63.2 billion USD, Workday Inc. is ranked as the 10th largest Software-as-a-Service company in America, according to mikesonders.com.
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References:
- https://www.mikesonders.com/largest-saas-companies/
- https://www.adobe.com/about-adobe/fast-facts.html
- https://news.shopify.com/
- https://www.intuit.com/company/
- https://www.servicenow.com/company/media/press-room/servicenow-fourth-quarter-full-year-2020-financial-results.html
- https://www.owler.com/company/snowflake1
- https://www.twilio.com/company
- https://www.workday.com/
