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

Revenue Churn Rate = (RCR) (MRR at beginning of month – MRR at end of month) – MRR in upgrades during month / MRR at beginning of month

Internet Sales strategies have a significantly lower CAC of just $0.42

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

At a 35% CAGR, it takes 10 years for a SaaS company to grow from $5M to $100M in ARR

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

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

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

It’s 4x cheaper to upsell existing customers than acquire new customers: costing just $0.28 to acquire an additional dollar of revenue

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%

The fastest growing SaaS companies scale their organizations rapidly, growing their teams by an average of 56% each year

More Growth Strategy Stats

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

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

Invention is 10% inspiration and 90% perspiration.

The very best SaaS businesses have a negative revenue churn rate and will have a Revenue Retention Rate of greater than 100%

If your Net Revenue Churn is high (above 2% per month) it is an indicator that there is something wrong in your business

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

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

The fastest growing SAAS companies averaged $250k in MRR and were only losing around 3.2% of that revenue each month to churn

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

Our experiences with SaaS startups indicate that they usually start with a couple of lead generation programs such as Pay Per Click Google Ad-words, radio ads, etc

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