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The global technology market includes telecom services, tech outsourcing and hardware maintenance, tech consulting and systems integration services, software, communications equipment, and computer equipment.

Statista

More Tech Services Stats

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

The average SaaS company spends just 6 hours determining their pricing strategy

70% Say Presentation Skills Are Critical For Career Success

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

Unlike many other industries, if a software company grows at only 20%, it has a 92% chance of ceasing to exist within a few years

SAAS companies with >$250K median ACV book nearly 25% of their contracts at 3 years or longer

Growing faster has twice as much impact on share price as improving margins

In 2017, Foxconn Technology Group achieved a net income of 135.37 billion New Taiwanese dollars, the equivalent to approximately 4.55 billion U.S. dollars.

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

63 percent of the time, women receive lower salary offers than men for the same job at the same company

More Growth Strategy Stats

Between the SMB and Enterprise customer types, the top-quartile performers not only have net-revenue churn that is 14% to 23% percentage less than the average performers but also have net-revenue churn that is negative in an absolute sense

SAAS companies with >$250K median ACV book nearly 25% of their contracts at 3 years or longer

The median TTM revenue growth rate + adj. EBITDA margin for publicly traded SaaS companies was ~37%, implying that just under one half met or exceed “The Rule of 40%”

SAAS companies that are focused mainly on enterprise sales have higher levels of professional services

The best SaaS companies achieve 5-7% annual revenue churn – equivalent to a loss of $1 out of every $200 each month

The very best SAAS companies keep monthly revenue churn at around 0.58%, that’s only about 7% revenue churn a year

At Facebook, 15 percent of tech roles are staffed by women

The average company booking professional services revenue on new deals is equivalent to 16% of the first year subscription value. Professional services margins are approximately 22%

Achieving a SaaS Quick Ratio of 4 is a good benchmark for young, high-growth companies but the equation changes as those companies reach scale

Software and online services are in a period of dizzying growth