Statistic Info

Volume of U.S. imports of advanced technology products in 2018, by group (in billion U.S. dollars)

Volume of trade goods in billion U.S. dollars
Information & Communications269.83
Aerospace53.98
Life Science50.03
Electronics43.52
Biotechnology37.87
Opto-Electronics21.19
Flexible Manufacturing14.85
Advanced Materials3.21
Nuclear Technology2.04
Weapons0.93
Statista

More Tech Services Stats

There are 9.6 million websites that use e-commerce technologies

In 2018, the global tech spending is forecast to amount to 3,212 billion U.S. dollars.

In 2020, China is expected to generate 55 billion U.S. dollars in the global medical technology market.

If a software company grows at 20% annually, it has a 92% chance of ceasing to exist within a few years

Only 8% of large companies use internet sales strategies. The proportion of companies relying on internet sales increases as company size decreases

Customer Segmentation analysis will help point out which are your most profitable segments

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%

Smaller SAAS companies reported more frequent use of third-party providers as their primary application delivery method, while the largest companies were more likely to use self-managed servers

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

The very best SAAS business has a negative churn rate and will have a Dollar Retention Rate of greater than 100%

More Growth Strategy Stats

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

How to Reduce Churn

To establish a revenue or lead-commitment based on your funnel metrics and revenue-growth goals, work backward from the gross revenue amount that marketing is responsible for generating (generally around 40%)

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

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

Less than 20% of new revenue came from existing customers in the form of up-sell and expansion sales

Google only has a 30 percent female workforce

Publicly-traded SaaS companies have an average Revenue Per Employee of $200,000

SaaS companies in the $7.5MM-$15MM range are among the fastest growers

If a software company grows at 20% annually, it has a 92% chance of ceasing to exist within a few years

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