GITNUX MARKETDATA REPORT 2024

Enterprise Saas Industry Statistics

The enterprise SaaS industry is expected to continue its rapid growth, with increasing adoption rates among businesses of all sizes worldwide.

With sources from: datareportal.com, redhat.com, fortunebusinessinsights.com, idc.com and many more

Statistic 1

The global SaaS market is projected to reach $117.7 billion in 2022.

Statistic 2

North America holds the highest market share in SaaS at 60%.

Statistic 3

86% of businesses are expected to be running on SaaS by 2023.

Statistic 4

Enterprise-level SaaS products account for over 59% of total SaaS sales.

Statistic 5

27% of companies are spending more on SaaS solutions than they initially planned for.

Statistic 6

Microsoft is the leading SaaS provider with a 17.8% market share.

Statistic 7

78% of Small and medium-sized enterprises say SaaS met or exceeded their ROI expectations.

Statistic 8

Over 38% of companies are running almost entirely on SaaS.

Statistic 9

By 2022, more than half of companies expect to run 100% of their IT systems on SaaS.

Statistic 10

93% of CIOs are adopting or planning to adopt SaaS solutions.

Statistic 11

In 2020, the average enterprise used 288 different SaaS applications.

Statistic 12

73% of companies indicate that nearly all their apps will be SaaS by 2021.

Statistic 13

By 2020, 75% of all applications were delivered on a SaaS basis.

Statistic 14

66% of enterprises are investing in SaaS to reduce costs.

Statistic 15

The churn rate for SaaS businesses is around 5%.

Statistic 16

The average cost per user for enterprise SaaS is $2,466.

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In this post, we will explore key statistics and insights surrounding the Enterprise SaaS industry, shedding light on the current landscape and future projections. From the exponential growth of the global SaaS market to the predominant role of North America, to the shifting preferences towards SaaS adoption among businesses, these data points offer a comprehensive understanding of the industry’s trends and implications.

Statistic 1

"The global SaaS market is projected to reach $117.7 billion in 2022."

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Statistic 2

"North America holds the highest market share in SaaS at 60%."

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Statistic 3

"86% of businesses are expected to be running on SaaS by 2023."

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Statistic 4

"Enterprise-level SaaS products account for over 59% of total SaaS sales."

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Statistic 5

"27% of companies are spending more on SaaS solutions than they initially planned for."

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Statistic 6

"Microsoft is the leading SaaS provider with a 17.8% market share."

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Statistic 7

"78% of Small and medium-sized enterprises say SaaS met or exceeded their ROI expectations."

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Statistic 8

"Over 38% of companies are running almost entirely on SaaS."

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Statistic 9

"By 2022, more than half of companies expect to run 100% of their IT systems on SaaS."

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Statistic 10

"93% of CIOs are adopting or planning to adopt SaaS solutions."

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Statistic 11

"In 2020, the average enterprise used 288 different SaaS applications."

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Statistic 12

"73% of companies indicate that nearly all their apps will be SaaS by 2021."

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Statistic 13

"By 2020, 75% of all applications were delivered on a SaaS basis."

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Statistic 14

"66% of enterprises are investing in SaaS to reduce costs."

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Statistic 15

"The churn rate for SaaS businesses is around 5%."

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Statistic 16

"The average cost per user for enterprise SaaS is $2,466."

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Interpretation

The statistics reveal a significant growth and widespread adoption of SaaS within the enterprise industry. With projections of market size reaching $117.7 billion in 2022, it's clear that SaaS is becoming a cornerstone of business operations. North America leads in SaaS market share, and a large majority of businesses are expected to transition to SaaS by 2023. The data also point to the success of SaaS implementations with high ROI satisfaction rates and increasing reliance on SaaS for IT systems. As companies continue to adopt and invest in SaaS solutions to reduce costs, it's evident that the future landscape of enterprise software will be dominated by SaaS applications.

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