From barbaric growth to value return, the development path of China's SaaS market
In recent years, the global wave of digitization has swept across the world. Along with the development of China's digital economy, the SaaS (Software as a Service) model has gradually gained popularity in China and has been widely recognized and applied in the B2B market. The cloud service market and SaaS market are becoming increasingly prominent focuses of attention.
The initiation of SaaS in China dates back to around 2000. From 2006 to 2015, it witnessed a rapid development period, with a plethora of independent SaaS vendors emerging as cloud computing matured gradually. However, starting in 2016, as capital began to withdraw, the Chinese SaaS market entered a downturn that lasted for nearly four years.
In 2020, with the outbreak of applications such as online office, remote collaboration, video conferencing, and e-commerce management, Chinese SaaS vendors saw a "dawn." Simultaneously, as enterprises accelerated their informationization construction, an increasing number of industry solutions became richer, and technological innovations in SaaS continued to emerge.
