$15 million
Total Software Market Revenue
Overall software market size in Grenada in 2026
55%
SaaS Market Share
Proportion of SaaS in total software spending
$45,000
Average Business Software Spend per Company
Average annual software expenditure per business
12
Number of SaaS Providers
Number of local SaaS providers operating in Grenada
20% YoY
Growth in SaaS Spending
Year-over-year increase in SaaS expenditure in 2026
Despite its relatively small economy, Grenada is experiencing a notable increase in SaaS adoption, with 12 local providers contributing to the competitive landscape. The 20% annual growth rate in SaaS expenditure underscores rising confidence in cloud solutions for operational efficiency and remote work. As digital infrastructure improves, software spending is expected to accelerate further, fostering innovation and economic diversification.
Disclaimer: All statistics presented are 2026 estimates and projections based on industry trend analysis, historical data, and publicly available research. Individual data points may vary from actual figures.