The Software-as-a-Service (SaaS) industry continues to transform the global technology landscape, with the market projected to reach $720 billion by 2028. The rise of AI-powered solutions, coupled with the shift toward product-led growth, has redefined how businesses buy and implement software. The top 30 SaaS companies alone generate over $450 billion in annual revenue, demonstrating the massive scale and impact of cloud-based solutions across all business sectors.

Looking ahead, vertical-specific solutions are growing three times faster than general-purpose software, while AI-first applications are creating entirely new categories of enterprise tools. The democratization of software development through low-code platforms, combined with the integration of AI technology, is enabling innovative business models. This analysis examines the world's largest SaaS companies, ranked by annual revenue, showcasing the leaders who continue to shape the future of cloud computing and software innovation.

Top SaaS Companies by Revenue in 2025

1. Microsoft

Microsoft continues to dominate the enterprise software market with its comprehensive suite of cloud services and productivity tools. Azure, their cloud platform, competes directly with AWS, while Microsoft 365 remains the standard for business productivity software. Their successful transition to a cloud-first strategy has made them one of the most valuable companies in the world.

• Founded: 1975

• Employees: 244,443

• Revenue: $245 billion

• Total Funding: $1 million

2. Amazon AWS

Amazon Web Services changed cloud computing and remains the largest cloud infrastructure provider globally. AWS offers over 200 fully-featured services from data centers worldwide, serving millions of customers from startups to large enterprises. Their continuous innovation in cloud technology, machine learning, and serverless computing keeps them at the forefront of the industry.

• Founded: 2006

• Employees: 134,605

• Revenue: $90.8 billion

• Total Funding: Data not available

3. NetSuite

As Oracle's flagship cloud ERP system, NetSuite provides a business management software used by over 28,000 organizations worldwide. Their integrated suite includes ERP, financial management, CRM, and e-commerce capabilities, making it a one-stop solution for growing businesses. NetSuite's cloud-based architecture enables real-time business visibility and management.

• Founded: 1998

• Employees: 19,695

• Revenue: $50 billion

• Total Funding: Data not available

4. Salesforce

Salesforce pioneered the Software-as-a-Service model and remains the global leader in CRM software. Their platform includes sales, service, marketing, and analytics clouds, serving companies of all sizes across industries. Their acquisition strategy and continuous innovation in AI with Einstein and Agentforce have maintained their competitive edge.

• Founded: 1999

• Employees: 78,470

• Revenue: $34.9 billion

• Total Funding: $65.3 million

5. Stripe

Stripe has transformed online payments by making it simple for businesses to accept and manage digital payments globally. Their API-first approach and developer-friendly tools have made them the preferred payment solution for internet and software businesses. They process billions of dollars annually for millions of businesses worldwide.

• Founded: 2010

• Employees: 10,576

• Revenue: $14.4 billion

• Total Funding: $9.44 billion

6. ServiceNow

ServiceNow has become essential for enterprise digital transformation, offering workflow automation across IT, employee, and customer service operations. Their platform helps organizations streamline processes and improve service delivery through intelligent automation. They serve a majority of Fortune 500 companies with their digital workflow solutions.

• Founded: 2004

• Employees: 29,159

• Revenue: $8.97 billion

• Total Funding: $83.7 million

7. Workday

Workday leads in cloud-based financial management and human capital management software. Their integrated platform helps organizations manage their workforce, financial resources, and planning in a single system. Their focus on user experience and continuous innovation has earned them a loyal enterprise customer base.

• Founded: 2005

• Employees: 23,332

• Revenue: $7.3 billion

• Total Funding: $230.5 million

8. Shopify

Shopify helps millions of online stores worldwide with their comprehensive e-commerce platform. They provide everything needed to sell online, in person, and across social media channels. Their focus on making entrepreneurship accessible has made them the go-to platform for businesses of all sizes.

• Founded: 2006

• Employees: 20,854

• Revenue: $7.06 billion

• Total Funding: $122.2 million

9. Zoom

Zoom changed video communications with their easy-to-use platform that became essential during remote work adoption. Their platform handles billions of meeting minutes monthly, serving both enterprise clients and individual users. They continue to innovate with AI features and expanded collaboration tools.

• Founded: 2011

• Employees: 4,081

• Revenue: $4.53 billion

• Total Funding: $276 million

10. Atlassian

Atlassian's suite of collaboration tools, including Jira and Confluence, has become indispensable for software development teams worldwide. Their products help teams track projects, collaborate on content, and manage code development. Their unique no-sales approach to enterprise software has created a strong developer community.

• Founded: 2002

• Employees: 19,631

• Revenue: $4.4 billion

• Total Funding: Data not available

11. Splunk

Splunk leads in data analysis and security monitoring, helping organizations make sense of their machine data. Their platform enables real-time monitoring, troubleshooting, and security analytics across IT infrastructure. They serve thousands of enterprises worldwide with their data-to-everything platform.

• Founded: 2003

• Employees: 9,267

• Revenue: $4.22 billion

• Total Funding: $2.44 billion

12. Twilio

Twilio enables businesses to add communication capabilities to their applications through simple APIs. Their platform powers millions of customer interactions daily through voice, messaging, and video channels. They continue to expand their offerings through strategic acquisitions and product innovation.

• Founded: 2008

• Employees: 6,348

• Revenue: $4.15 billion

• Total Funding: $614.4 million

13. DocuSign

DocuSign transformed document signing with their electronic signature and agreement cloud platform. They process billions of signatures annually, serving millions of customers worldwide. Their expansion into contract lifecycle management has broadened their market leadership in digital agreements.

• Founded: 2003

• Employees: 7,749

• Revenue: $2.8 billion

• Total Funding: $536.2 million

14. Canva

Canva completely democratized design with their user-friendly graphic design platform used by millions globally. Their tools enable anyone to create professional-looking content for various purposes. Their continuous innovation in AI-powered design features maintains their competitive edge in the design software market.

• Founded: 2012

• Employees: 8,768

• Revenue: $2.55 billion

• Total Funding: $2.50 billion

15. Dropbox

Dropbox pioneered consumer cloud storage and has evolved into a comprehensive collaboration platform. Their smart workspace solutions help teams organize and share content efficiently. They serve both individual users and enterprise clients with their secure file sharing and collaboration tools.

• Founded: 2007

• Employees: 3,673

• Revenue: $2.502 billion

• Total Funding: $1.70 billion

16. Okta

Okta provides identity and access management solutions that secure digital interactions between people and technology. Their platform enables organizations to manage and secure user authentication across applications. They serve thousands of organizations with their zero-trust security approach.

• Founded: 2009

• Employees: 8,271

• Revenue: $2.263 billion

• Total Funding: $1.22 billion

17. HubSpot

HubSpot transformed inbound marketing and sales with their comprehensive growth platform. Their tools help businesses attract, engage, and delight customers through integrated marketing, sales, and service solutions. Their focus on education and customer success has created a strong community of users.

• Founded: 2006

• Employees: 11,052

• Revenue: $2.17 billion

• Total Funding: $100.5 million

18. RingCentral

RingCentral delivers cloud-based communications solutions that unify voice, video, team messaging, and contact center functions. Their platform enables businesses to communicate effectively regardless of location or device. They serve enterprises worldwide with their comprehensive communications suite.

• Founded: 1999

• Employees: 6,113

• Revenue: $2.20 billion

• Total Funding: $453.7 million

19. Wix

Wix helps millions to create professional websites with their intuitive website builder platform. Their AI-powered tools and extensive template library make web design accessible to everyone. They continue to expand their e-commerce and business solutions for growing companies.

• Founded: 2006

• Employees: 7,338

• Revenue: $1.562 billion

• Total Funding: $58.5 million

20. Xero

Xero provides cloud-based accounting software that has transformed how small businesses manage their finances. Their platform connects small businesses with their advisors and banking services in real-time. Their focus on automation and artificial intelligence simplifies financial management.

• Founded: 2006

• Employees: 5,754

• Revenue: $1.7 billion

• Total Funding: $1.60 billion

21. Box

Box evolved from cloud storage to a comprehensive content management platform for enterprises. Their platform enables secure content collaboration and workflow automation. They serve major corporations worldwide with their enterprise content management solutions.

• Founded: 2005

• Employees: 3,714

• Revenue: $1.04 billion

• Total Funding: $1.45 billion

22. Zendesk

Zendesk changed customer service software with their cloud-based help desk solution. Their platform helps businesses build better customer relationships through personalized support experiences. They serve organizations of all sizes with their customer service and engagement tools.

• Founded: 2007

• Employees: 6,667

• Revenue: $1.03 billion

• Total Funding: $85.5 million

23. HighRadius

HighRadius automates accounts receivable and treasury management with their AI-powered financial software. Their platform helps enterprises modernize their order-to-cash and treasury processes. They serve major corporations with their intelligent automation solutions.

• Founded: 2006

• Employees: 4,578

• Revenue: $915 million

• Total Funding: $475 million

24. Intercom

Intercom pioneered conversational relationship platform for business messaging. Their tools enable personalized customer communications across web, mobile, and social channels. They help thousands of businesses build better customer relationships through targeted messaging.

• Founded: 2011

• Employees: 1,506

• Revenue: $750 million

• Total Funding: $240.7 million

25. monday.com

monday.com provides a flexible work operating system that helps teams manage projects and workflows. Their visual platform enables teams to plan, track, and deliver work efficiently. They serve organizations across industries with their customizable work management solutions.

• Founded: 2012

• Employees: 2,685

• Revenue: $729.70 million

• Total Funding: $384.1 million

26. Automattic

Automattic, the company behind WordPress.com, powers a significant portion of the web with their publishing and e-commerce platforms. Their tools enable millions to create and monetize content online. They continue to innovate in web publishing and e-commerce solutions.

• Founded: 2005

• Employees: 4,055

• Revenue: $710 million

• Total Funding: $985.9 million

27. Asana

Asana helps teams organize and manage their work with their collaborative work management platform. Their tools enable teams to track projects, set goals, and coordinate work effectively. They serve organizations worldwide with their intuitive work management solutions.

• Founded: 2008

• Employees: 3,770

• Revenue: $652.50 million

• Total Funding: $453.2 million

28. Freshworks

Freshworks provides customer engagement software that helps businesses deliver better customer experiences. Their suite includes customer support, CRM, and IT service management tools. They serve organizations globally with their affordable, user-friendly solutions.

• Founded: 2010

• Employees: Data not available

• Revenue: $596.4 million

• Total Funding: Data not available

29. GitLab

GitLab provides a complete DevOps platform delivered as a single application. Their tools enable teams to plan, create, verify, and deploy software efficiently. They serve organizations worldwide with their open-source approach to software development.

• Founded: 2011

• Employees: 2,818

• Revenue: $579.9 million

• Total Funding: $413.5 million

30. BambooHR

BambooHR offers human resources software designed specifically for small and medium-sized businesses. Their platform simplifies employee data management, hiring, and benefits administration. They help growing companies create great places to work with their HR management tools.

• Founded: 2008

• Employees: 1,651

• Revenue: $274 million

• Total Funding: Data not available

Conclusion

The SaaS industry continues to grow and evolve, with these 30 companies leading the way in innovation and market share. From Microsoft's dominant position with $245 billion in revenue to emerging players like BambooHR, each company offers unique solutions that shape how businesses operate in the digital age. The combined revenue of these top 30 SaaS companies exceeds $450 billion, highlighting the massive scale and impact of the SaaS industry in 2025.

Whether serving enterprise clients or small businesses, these companies demonstrate the continued strength and growth potential of the SaaS business model. As technology continues to advance and business needs evolve, these industry leaders will likely continue to shape the future of software and cloud computing.

For those interested in exploring beyond these market leaders, LeadWave maintains a comprehensive database of over 18,000 SaaS companies, complete with CEO contact information. This resource provides valuable insights into the broader SaaS ecosystem, from emerging startups to established players.