In 2017, the global adoption rate for biotech soybean amounted to 77 percent.

Tech Services
Statistic in Growth Strategy

Statistic Info

Adoption of GM technology among selected major crops worldwide in 2017, by type*

Percentage of total crop
Cotton 80%
Soybean 77%
Corn 32%
Canola 30%

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

Analysed 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

Non-renewal rates are higher than gross dollar churn rates and higher for shorter duration contracts

As companies scale their growth engines, a slightly-above-average churn rate becomes harder and harder to offset with net new revenue growth, especially when the goal is to outpace it by 4x

While field sales remains the most popular way to sell for companies >$2.5MM revenue, companies with <$2.5MM revenue tended to use inside sales as their primary mode of distribution

More than two thirds of SAAS companies experienced annual churn rates of 5% or higher

The fastest growing SaaS companies raise an average of $9.5M in Series A funding

Agile projects are twice as likely to succeed as projects run with traditional project management

86% of SaaS businesses treat “New Customer Acquisition” as their highest growth priority, both in terms of executive support and funding available

51% of large (revenue >$2.5million) SaaS companies use field sales as their primary method of distribution

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Cloud application services (SaaS) to reach $126 billions by the end of 2021

73% of organizations indicated nearly all their apps will be SaaS by 2021

The boom in the industry is creating more jobs for techies. Data reveals there were 627,000 unfilled positions in tech in April 2017

Women in western countries use the internet 17 percent more than their male counterparts

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 than 1/2 of SAAS companies increased their spending on customer retention last year

The average Quick Ratio of fastest growing SaaS companies (those with a CAGR of over 50%) is 3.9: generating $3.9 in revenue for every $1 lost to revenue churn

For SaaS companies valued at over $1billion, the median amount of financing raised is $206million

Cloud-hosted applications have a 99% uptime

General Dynamics is a market leader in the aerospace and defense industry. In 2018, a total of 105,600 people were working at General Dynamics.

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