The money being invested in these organizations, peaking in
2021, experienced a dramatic downturn by the end of 2022.
VC firms raised their lowest amount in a decade during that
year. This was a ‘delayed’ effect from the pandemic, which
caused a brief and dramatic increase in the demand of SaaS
products, but then experienced a decline as things went back
to ‘normal’ and people didn’t spend that much time in front of
their screens anymore.
Despite these fluctuations, the SaaS
market has shown resilience. In 2024,
it’s estimated to be worth
approximately $247 billion, with
projections to reach $295 billion by
2025.
The global shift towards cloud-based
solutions continues to drive this
growth, with an estimated 71% of
companies globally relying on SaaS
applications, a trend expected to see
85% of all business products being
SaaS applications by 2025.
04
The Top 85 SaaS Tools of 2024
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