By definition, non-renewal rates are higher than gross dollar churn rates. However, it is interesting to see that the non-renewal rates are also higher for shorter duration contracts.
For Entrepreneurs.comSaaS companies in the $7.5MM-$15MM range are among the fastest growers
SAAS companies with >$250K median ACV book nearly 25% of their contracts at 3 years or longer
73% of organizations indicated nearly all their apps will be SaaS by 2021
For SaaS companies valued at over $1billion, the median amount of financing raised is $206million
In 2018, the market size of information technology outsourcing amounted to 62 billion U.S. dollars.
The statistic shows the worldwide IT spending on enterprise software from 2009 to 2020.