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.
