The boom in the industry is creating more jobs for techies. Data reveals there were 627,000 unfilled positions in tech in April 2017

From Small Business Trends
Quote in SaaS & Tech Growth Strategy

Software, cybersecurity and cloud computing professionals, in particular, are in high demand. As a result, techies are making more money than most professionals. In 2016, tech workers received an average annual salary of $108,900 compared to the national average of $53,040.

More Tech Services Stats

In 2018, the market size of information technology outsourcing amounted to 62 billion U.S. dollars.

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

SAAS companies need to track the number of visitors, trials and closed deals; And also track the conversion rates, with the goal of improving those over time

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%

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

36% of SaaS businesses managed to reduce their revenue churn over the last 12-months

The average SaaS company spends just 6 hours determining their pricing strategy

orecasts suggest that global blockchain technology revenues will experience massive growth in the coming years, with the market expected to climb to over 23.3 billion U.S. dollars in size by 2023.

Growth rate accelerates in the expansion stage ($2.5M – $10M ARR)

It’s common for startups to grow rapidly, doubling or tripling in size year over year, until they hit $5M in ARR

More SaaS & Tech Growth Strategy Stats

High-growth companies offer a return to shareholders 5 times greater than medium-growth companies

How to Reduce Churn

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 2017, IBM generated 37.8 billion U.S. dollars in global IT services revenue, making it the largest IT services company in the world in terms of net sales

If a software company grows at 20% annually, it has a 92% chance of ceasing to exist within a few years

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

Because of the losses in the early days, which get bigger the more successful the company is at acquiring customers, it is much harder for management and investors to figure out whether a SaaS business is financially viable.

Gross dollar churn among companies with an internet go-to-market strategy saw a meaningful increase, up from 8% in 2015

All types of investment have grown, year-on-year, with the biggest growth during the seed stage of financing

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