10 Key SaaS Statistics You Need To Know

SaaS Statistics You Need To Know

The variety of changes being seen in the SaaS as a service industry can be seen in quite a large variety of statistics. While growth within the niche is something that many people will expect, where and by how much it does so can be surprising. Some of the more notable trends include:

  1. The global SaaS industry is expected to be worth $60.36 billion by 2023, an increase of 9% in the next four years.
  2. The corporate mobile market within SaaS is expected to be worth $7.4 billion by 2021.
  3. 38% of SaaS companies charge based on usage.
  4. Half of all SaaS companies depend on user-based pricing for profit.
  5. Less than a third, 31%, of SaaS businesses charge a small discount.
  6. Only 40% of SaaS firms reported taking a value-based approach to pricing.
  7. 1% rise in price should net firms an estimated 11% increase in profits.
  8. 93% of CIOs in the SaaS industry reported that they’re planning to adopt cloud SaaS.
  9. Over a third, 37%, of SaaS companies said that flexibility is a notable component in adopting cloud-based systems.
  10. Microsoft is the largest provider of SaaS services and has an 18% market share.

The SaaS industry will continue to evolve over the coming years, with this change showing no signs of slowing down anytime soon. By knowing what lays ahead and how to overcome or capitalize on these trends, the majority of business owners should be able to go from strength to strength.

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