In 2018, the U.S. imported aerospace products worth about 53.98 billion U.S. dollars.

Statistic Info

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

More Tech Services Stats

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

54% treat upselling and add-on sales as high priority

Internet sales strategies are the only sales method to see a decline in CAC, dropping from $0.54 to $0.42 between 2014 and 2015

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

The median SaaS business generates 16% of its new Annual Contract Value (ACV) from upselling to existing customers

80% of venture capital investments take place in the enterprise

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

In 2017, Foxconn Technology Group achieved revenue of 158.15 billion U.S. dollars.

In 2017, website sales amounted to approximately 300 billion British pounds.

SaaS, and other recurring revenue businesses are different because the revenue for the service comes over an extended period of time (the customer lifetime)

More Growth Strategy Stats

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

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

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

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

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%”

Japanese company Hitachi accounted for three percent of the world’s market for diagnostic imaging in 2017.

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

SaaS IPOs have more than doubled over the last 12 years

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

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