Gartner: SaaS Will Nonetheless Develop 18% in 2023 to $200 Billion Worldwide. And One other 18% in 2024.


So there’s little question issues are a bit more durable for everybody in SaaS and Cloud proper now.  A couple of of us are seeing no macro impacts, however most likely the largest inform are Cloud platform giants — AWS, Azure and Google Cloud.  All are nonetheless rising at very sturdy charges.  However all are rising extra slowly than a 12 months in the past, and much more so than 2 years in the past.

However they’re nonetheless rising.  The Cloud remains to be rising.  SaaS spend remains to be rising.   It’s more durable to entry that spend, however it’s hardly shrinking:

How a lot?  Well, Gartner has its latest report and predictions out.  They see general SaaS spend nonetheless rising a really wholesome 18% in 2023 to nearly $200 Billion Worldwide in 2023.  And after interviewing 100s of CIOs and CXOs, it nonetheless sees SaaS rising one other 18% in 2024 to $232 Billion a 12 months:

There’s no query that inflation, infrastructure prices, and vendor consolidation will take up numerous this enhance.  However budgets are nonetheless there.  Even when we’ve got to do much more, and show much more, to entry them.

Printed on Might 2, 2023


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