Key Highlights
- 70% of customers say connected processes are very important to winning their business
- 86% of buyers will pay more for a better customer experience
- 80% of businesses believe they deliver “superior” customer service, but only 8% of customers agree
- Customer success-driven companies are 60% more profitable than companies that don’t prioritize customer success
- 73% of buyers point to customer experience as an important factor in their purchasing decisions
- 81% of SaaS companies measure customer success primarily through retention
- Companies with proactive customer success models have a 15% higher retention rate than reactive models
- 55% of customers have stopped doing business with a company due to poor customer service
- The average customer churn rate in SaaS is around 5-7% per year
- 59% of customers say they have higher expectations for customer service than they did a year ago
- 68% of customers say that their customer service interactions are more influenced by how they feel they were treated than by the outcome
- Customer success teams that align closely with sales see a 10-15% higher revenue growth
- 78% of consumers have bailed on a transaction or not made an intended purchase because of poor service
Did you know that while 86% of buyers are willing to pay more for a better customer experience, only 8% of customers believe they are truly receiving superior service—highlighting a significant gap that successful companies are capitalizing on to boost retention, loyalty, and profit?
Business Impact and Performance
- Customer success-driven companies are 60% more profitable than companies that don’t prioritize customer success
Business Impact and Performance Interpretation
Customer Expectations and Preferences
- 59% of customers say they have higher expectations for customer service than they did a year ago
- 54% of customers say they expect to have their issue resolved in one contact
- 83% of customers want more human interactions with brands, despite the rise of digital channels
- 67% of customers say they want to solve issues on their own before contacting support
- 79% of customers have used live chat for support, and 73% say they prefer it for quick resolutions
- 58% of customers say their expectations for personalized service are higher than in previous years
Customer Expectations and Preferences Interpretation
Customer Retention and Loyalty
- 81% of SaaS companies measure customer success primarily through retention
- Companies with proactive customer success models have a 15% higher retention rate than reactive models
- 55% of customers have stopped doing business with a company due to poor customer service
- The average customer churn rate in SaaS is around 5-7% per year
- 77% of SaaS companies say customer renewal is a top priority
- 74% of SaaS companies report improved renewal rates after focusing on customer success
- Companies that excel at customer success achieve 2x higher retention rates than average
Customer Retention and Loyalty Interpretation
Customer Satisfaction and Experience
- 70% of customers say connected processes are very important to winning their business
- 86% of buyers will pay more for a better customer experience
- 80% of businesses believe they deliver “superior” customer service, but only 8% of customers agree
- 73% of buyers point to customer experience as an important factor in their purchasing decisions
- 68% of customers say that their customer service interactions are more influenced by how they feel they were treated than by the outcome
- Customer success teams that align closely with sales see a 10-15% higher revenue growth
- 78% of consumers have bailed on a transaction or not made an intended purchase because of poor service
- 82% of customers have taken steps to resolve issues on their own before contacting customer support
- 90% of organizations see customer success as a core component of their growth strategy
- 69% of customers say they are more likely to renew with a company that delivers excellent customer service
- 73% of survey respondents say positive customer experiences make them more loyal
- 84% of organizations that focus on customer success see an increase in revenue
- 65% of B2B buyers say that enterprise vendors’ failure to engage effectively with their needs influences their purchasing decisions
- 55% of users say they would recommend a brand after a positive customer success experience
- 74% of users say they’re likely to switch to a competitor after a poor customer experience
- Customer satisfaction scores are correlating directly with retention rates, with a 1-point increase in CSAT linked to a 3% increase in retention
- 61% of businesses say that customer success management reduces customer churn
- Providing a personalized customer experience can increase customer satisfaction by up to 20%
- 72% of customers say they have only engaged with a brand after a negative experience due to improved customer service
- 80% of customers say they are more likely to purchase from a company that offers personalized experiences
- 65% of customer success teams report increased collaboration with other departments after implementing a customer success strategy
- 59% of customers would try a new brand if they received superior customer service
- Companies implementing customer success initiatives see an average of 25% reduction in customer complaints
- 50% of churned customers cite poor onboarding as a major reason for leaving
- 63% of B2C companies send proactive outreach messages to customers, resulting in higher engagement
- 88% of organizations have seen measurable business results after adopting customer success management
- 65% of consumers say that connected processes across departments improve their overall experience
- 52% of customers say they’re more likely to stay with a company that offers proactive support
- 90% of companies say that happy customers are essential to their business growth
- 59% of customers are willing to recommend a brand after a positive experience
Customer Satisfaction and Experience Interpretation
Customer Success Strategies and Technologies
- 70% of customer success teams use automation tools to improve efficiency
- 54% of companies see improved profits when they leverage customer success strategies
- Investing in customer success technology results in a 22% increase in customer lifetime value
- 72% of executives believe customer success is critical to their company's growth
- Customer success platforms can improve onboarding efficiency by up to 50%
Customer Success Strategies and Technologies Interpretation
Sources & References
- Reference 1SALESFORCEResearch Publication(2024)Visit source
- Reference 2HELPSCOUTResearch Publication(2024)Visit source
- Reference 3SUPEROFFICEResearch Publication(2024)Visit source
- Reference 4GAINSIGHTResearch Publication(2024)Visit source
- Reference 5BLOGResearch Publication(2024)Visit source
- Reference 6KUSTOMERResearch Publication(2024)Visit source
- Reference 7SHERPAXResearch Publication(2024)Visit source
- Reference 8HELPJUICEResearch Publication(2024)Visit source
- Reference 9SANDLERResearch Publication(2024)Visit source
- Reference 10PINDROPResearch Publication(2024)Visit source
- Reference 11FORRESTERResearch Publication(2024)Visit source
- Reference 12SURVEYMONKEYResearch Publication(2024)Visit source
- Reference 13EPSILONResearch Publication(2024)Visit source
- Reference 14HELPANKResearch Publication(2024)Visit source
- Reference 15STATEOFDIGITALResearch Publication(2024)Visit source
- Reference 16BLOGResearch Publication(2024)Visit source
- Reference 17ZENDESKResearch Publication(2024)Visit source