As of its 2020 fiscal year, Salesforce.com’s largest revenue generating service offering was its “Sales Cloud” which earned the company over four billion U.S. dollars in total revenue. Other cloud services offered by the company include the Service Cloud, the Salesforce platform, and the Marketing Cloud.
Salesforce.com
Salesforce is a software company which focuses its business around cloud related software-as-a-service. The company has experienced rapid growth in recent years, with revenues increasing from around 1.3 billion dollars in 2010 to 17 billion in 2019. This rapid growth is spread across all of the company’s regional markets, but the Americas region remains the company’s largest, with sales of more than 12 billion dollars.
Software as a service (SaaS) market
One of the many reasons for Saleforce’s success is the rapid growth of the SaaS market itself. Bringing in less than 15 billion dollars in 2010, SaaS market revenues have grown to an estimated 157 billion as of 2020. The SaaS model involves the licensing of software to businesses, allowing for these companies to make use of a huge range of advanced business applications without the need to host the software themselves.
Salesforce.com's revenue from 2015 to 2020, by cloud service offering (in million U.S. dollars)*
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Salesforce.com. (February 25, 2020). Salesforce.com's revenue from 2015 to 2020, by cloud service offering (in million U.S. dollars)* [Graph]. In Statista. Retrieved August 06, 2020, from https://www.statista.com/statistics/513638/total-revenue-of-salesforce-by-cloud-service/
Salesforce.com. "Salesforce.com's revenue from 2015 to 2020, by cloud service offering (in million U.S. dollars)*." Chart. February 25, 2020. Statista. Accessed August 06, 2020. https://www.statista.com/statistics/513638/total-revenue-of-salesforce-by-cloud-service/
Salesforce.com. (2020). Salesforce.com's revenue from 2015 to 2020, by cloud service offering (in million U.S. dollars)*. Statista. Statista Inc.. Accessed: August 06, 2020. https://www.statista.com/statistics/513638/total-revenue-of-salesforce-by-cloud-service/
Salesforce.com. "Salesforce.Com's Revenue from 2015 to 2020, by Cloud Service Offering (in Million U.S. Dollars)*." Statista, Statista Inc., 25 Feb 2020, https://www.statista.com/statistics/513638/total-revenue-of-salesforce-by-cloud-service/
Salesforce.com, Salesforce.com's revenue from 2015 to 2020, by cloud service offering (in million U.S. dollars)* Statista, https://www.statista.com/statistics/513638/total-revenue-of-salesforce-by-cloud-service/ (last visited August 06, 2020)
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