Spending for public cloud usage continues to climb with every year. In 2023, nearly $600 billion was spent world-wide with a third of that being taken up by SaaS. By comparison, Infrastructure as a Service only takes up $150 billion and Platform as a Service makes up $139 billion. On average, companies use roughly 315 individual SaaS applications for their operations and are gradually increasing on a yearly basis. SaaS offers a level of cost efficiency that makes it an appealing option for consuming software.
Software as a Service
Software as a service is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. It is sometimes referred to as “on-demand software”, and was formerly referred to as “software plus services” by Microsoft.
What is the Rule of 40 for SaaS Companies?
Software as a Service businesses are dependent on customer retention to maintain income. Companies naturally grow revenue faster if it continues to acquire and retain customers compared to just focusing on the existing customer base. Determining the rate of growth is therefore important to understanding the health of the SaaS platform. Hence, the Rule of 40.
Getting the most out of IaaS, PaaS, and SaaS
Getting the most out of IaaS, PaaS, and SaaS This blog post provides insight into the fundamentals of IaaS, SaaS, and PaaS, which will help you make an informed decision for your business.IaaS, PaaS, and SaaS are cloud computing services designed for companies to...