The global software as a service (SaaS) market is projected to grow from $315.68 billion in 2025 to $1.1 trillion by 2032, with an annual growth rate of 20%. As this transformation unfolds, TT Ventures is positioning TΓΌrkiye's tech startups to capture a share of this expanding opportunity through strategic investments in cloud-based and SaaS solutions.
Founded in 2018, the TΓΌrk Telekom venture capital arm, TT Ventures, has invested in 17 companies to date, contributing significantly to the development of TΓΌrkiye's startup ecosystem.
However, the real value lies in the company's early recognition of the massive growth potential in the global SaaS and cloud computing market, and its focused strategy in this area.
According to global research and advisory firm Gartner, public cloud spending is expected to reach $723.4 billion in 2025. These figures show that cloud-based solutions are no longer a luxury β they've become a necessity.
The scale of the cloud computing and SaaS market represents one of the fastest transformations in tech history. The numbers show that this sector is not just a trend; it's becoming the core infrastructure of the digital economy.
Cloud spending surges globally
As of 2025, the global cloud computing market is expected to reach $912.77 billion, and is forecast to hit $5.15 trillion by 2034, growing at an annual rate of 21.2%.
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