The IT services market encompasses the range of services that assist individuals and enterprises in implementing, managing, and operating the wide variety of processes, systems, software, equipment, and peripherals that are used in the modern IT environment. Globally, the broader information technology market reached 3.65 trillion U.S. dollars in 2018, with IT services spending representing more than a quarter of the total market. In terms of IT market growth, services are advancing steadily, second only to enterprise software spending. Year on year, IT services spending is expected to increase at a rate of around 5.5 percent.
StatistaFor SaaS companies valued at over $1billion, the median amount of financing raised is $206million
At Twitter, 10 percent of tech roles are staffed by women
The median cost for a SaaS company to acquire a dollar of new customer revenue is $1.18
For SaaS companies valued at over $1billion, the median amount of financing raised is $206million
At Twitter, 10 percent of tech roles are staffed by women
The average SaaS company spends just 6 hours determining their pricing strategy
In 2017, the global adoption rate for biotech soybean amounted to 77 percent.
Customer’s lifetime value (LTV)= average revenue per user (ARPU) / monthly churn rate