83% of China’s digital shoppers made an online purchase in the past month

Tech Services
Quote in SaaS & Tech Website Design

Quote Info

In 2017, Global Web Index surveyed more than 72,000 internet users to determine who the world’s most avid online shoppers are. The survey results showed that the highest percentage of digital shoppers who made a purchase in the previous month come from China (83%) and South Korea (83%).

The percentage of UK’s online shoppers was slightly lower at 82%, while US online shopping population ranked outside the top 5, with 77% of digital buyers making an online purchase during the previous month.

GlobalWebIndex

More Tech Services Stats

Growth rate accelerates in the expansion stage ($2.5M – $10M ARR)

SaaS businesses face significant losses in the early years (and often an associated cash flow problem)

Analyzed by contract value, field sales are primarily evident for companies with median deals over $25K. Inside sales strategies are most popular for companies with $1K-$25K median deal sizes

Revenue Churn Rate = (RCR) (MRR at beginning of month – MRR at end of month) – MRR in upgrades during month / MRR at beginning of month

The largest SaaS companies (>$75million yearly revenue) attribute 2.5x as much new revenue to upselling than the smallest SaaS companies (<$1.25million): 28% versus 11%

Negative Churn and Expansion Revenue

How to Reduce Churn

High-growth companies are 8X more likely to reach $1 billion in revenues than those growing less than 20%.

A 2017 SaaS Capital survey showed that young companies actually have higher retention rates than more mature SaaS businesses

The global cloud computing market size is expected to grow from USD 371.4 billion in 2020 to USD 832.1 billion by 2025

More SaaS & Tech Website Design Stats

Complexity is your enemy. Any fool can make something complicated. It is hard to make something simple.

62 percent of companies increased their sales by designing responsive mobile platforms for their websites.

Simplicity is the ultimate form of sophistication

Everything is designed. Few things are designed well

13.7% of sales are online

Good design is obvious. Great design is transparent.

Good design keeps the user happy, the manufacturer in the black and the aesthete unoffended

Cloud-hosted applications have a 99% uptime

Design is not just what it looks like and feels like. Design is how it works.

Comic Sans is never an acceptable font. Unless you are an 8 year old girl writing a poem about unicorns.

Looking for SaaS focused services?
SaaS Website Design
SaaS SEO Agency
SaaS PPC