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

SAAS companies with >$250K median ACV book nearly 25% of their contracts at 3 years or longer

Customer’s lifetime value (LTV)= average revenue per user (ARPU) / monthly churn rate

Growing faster has twice as much impact on share price as improving margins

51% of large (revenue >$2.5million) SaaS companies use field sales as their primary method of distribution

Publicly-traded SaaS companies have an average Revenue Per Employee of $200,000

More than 1/2 of SAAS companies increased their spending on customer retention last year

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

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.

SaaS IPOs have more than doubled over the last 12 years

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

More SaaS & Tech Growth Strategy Stats

The global cloud computing market size is expected to grow from USD 371.4 billion in 2020 to USD 832.1 billion by 2025

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

In 2018, the global tech spending is forecast to amount to 3,212 billion U.S. dollars.

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Companies that spend more on sales and marketing (as a % of revenue) generally grew at a faster rate than those that spent less

55% of SaaS companies rate Customer Retention as the key metric to measure

Invention is 10% inspiration and 90% perspiration.

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

If your Net Revenue Churn is high (above 2% per month) it is an indicator that there is something wrong in your business

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.