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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

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Companies that spend more on sales and marketing (as a % of revenue) generally grew at a faster rate than those that spent less

All types of investment have grown, year-on-year, with the biggest growth during the seed stage of financing

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

Even if a software company is growing at 60% annually, its chances of becoming a multibillion-dollar giant are no better than 50/50

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.

In 2017, IBM generated 37.8 billion U.S. dollars in global IT services revenue, making it the largest IT services company in the world in terms of net sales

Gross dollar churn among companies with an internet go-to-market strategy saw a meaningful increase, up from 8% in 2015

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

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

More Growth Strategy Stats

If you are charging $500 per month, you can afford to spend up to 12x that amount (i.e. $6,000) on acquiring a new customer

orecasts suggest that global blockchain technology revenues will experience massive growth in the coming years, with the market expected to climb to over 23.3 billion U.S. dollars in size by 2023.

Because of the losses in the early days, which get bigger the more successful the company is at acquiring customers, it is much harder for management and investors to figure out whether a SaaS business is financially viable.

To generate a single dollar of new customer revenue, Field Sales strategies have an average Customer Acquisition Cost (CAC) of $1.14

In 2018, the revenue of General Dynamics amounted to nearly 36.2 billion U.S. dollars.

The statistic shows the worldwide IT spending on enterprise software from 2009 to 2020.

The metrics that matter for each sales funnel, vary from one company to the next depending on the steps involved in the funnel

High-growth companies offer a return to shareholders 5 times greater than medium-growth companies

26% of SAAS companies with at least $15MM in 2015 GAAP revenue had a revenue growth rate + EBITDA margin of 40% or higher

In 2019, spending on IT services is expected to amount to 1,016 billion U.S. dollars worldwide