Over the past five years, the Global Biotechnology industry has grown by 2.0% to reach revenue of $301bn in 2019.

Statistic Info

Over the past five years, the Global Biotechnology industry has grown by 2.0% to reach revenue of $301bn in 2019. In the same timeframe, the number of businesses has grown by 3.9% and the number of employees has grown by 0.7%.

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The median Customer Acquisition Cost (CAC) for upsells is just $0.28 per $1, less than a quarter of the $1.18 spent to acquire $1 of revenue from a new customer

The aim of marketing is to know and understand the customer so well the product or service fits him and sells itself.

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

In 2017, Foxconn Technology Group achieved a net income of 135.37 billion New Taiwanese dollars, the equivalent to approximately 4.55 billion U.S. dollars.

86% of SaaS businesses treat “New Customer Acquisition” as their highest growth priority, both in terms of executive support and funding available

Customer Acquisition Cost (CAC) = sum of all sales & marketing expenses/ number of new customers added

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

The median cost for a SaaS company to acquire a dollar of new customer revenue is $1.18

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

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