10+ Key SaaS Statistics to Know
Software-as-a-service (SaaS) continues to revolutionize the software market and the way businesses approach their operations. From flexibility to cost savings, the SaaS software model has risen in popularity. Organizations now use an average of 112 SaaS applications, up from 16 in 2017. SaaS has become the dominant software model, representing over 50% of the market. In this article, we’ll cover up-to-date statistics on SaaS usage, SaaS market size, and VC funding of SaaS startups. Click for a specific section: SaaS Industry Statistics There are an estimated more than 42,000 SaaS companies worldwide (Latka) The latest data shows that there are approximately over 42,000 SaaS companies worldwide. A large share of these companies, totaling 12,400, are located in the United States. The remaining top countries by number of SaaS companies include the United Kingdom with 1,700 companies, Canada with 1,100, India with 1,100, and Germany with 916. SaaS spending is estimated to reach $247.2 billion in 2024 (Gartner) Global end-user spending on SaaS is estimated to hit $247.2 billion in 2024, showing a 20% year-over-year increase. Worldwide SaaS spending is forecasted to grow to $295.08 billion in 2025. Here’s a table with SaaS end-user spending worldwide since 2019: Note: Includes forecasts Year SaaS Market Size 2023 $206 billion 2024 $247.2 billion 2025 $295.08 billion 86% of enterprise buyers indicated intentions to either raise or maintain their SaaS budgets (Sapphire Ventures) According to a recent survey, 86% of enterprise buyers are planning to either boost or keep the same SaaS budgets. Specifically, 41% plan to increase their SaaS spending, while 45% expect to keep the SaaS budget at the same level as before. SaaS accounts for the largest share of the overall cloud service market (Gartner, Gartner) SaaS represents the largest share (36.6%) of the cloud service market overall and represents more…
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