Quote Info

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.

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More Tech Services Stats

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.

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

53% of marketers say “no” to projects never or just a few times a year, while another 26% simply don’t have the authority to say “no” at all

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

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

In 2017, the world invested around 3.4 billion U.S. dollars in small hydropower technologies, down from 3.9 billion U.S. dollars in 2016.

For a SaaS business of almost any scale, the valuation impact of better retention is in the tens of millions over time

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

In all SaaS businesses there will likely come a moment where they realize that not all customers are created equal

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

More Growth Strategy Stats

Increases in revenue growth rates drive twice as much market-capitalisation gain as margin improvements for companies with less than $4 billion in revenues

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

As of December 2018, there were total 105,000 employees in Lockheed Martin, as compared to 126,000 employees in 2015.

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

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

The median SaaS business loses about 10% of its revenue to churn each year and that works out to about 0.83% revenue churn a month

Achieving a SaaS Quick Ratio of 4 is a good benchmark for young, high-growth companies but the equation changes as those companies reach scale

Sony’s PlayStation brand had accumulated approximately 38.57 million fans on the social network

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

Between the SMB and Enterprise customer types, the top-quartile performers not only have net-revenue churn that is 14% to 23% percentage less than the average performers but also have net-revenue churn that is negative in an absolute sense