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Operationalefficiency. Agile Agile softwaredevelopment has been such a success that people now apply the “agile” moniker to a broad range of areas. Nudge: Improving Decisions About Health, Wealth, and Happiness brought the theory worldwide attention back in 2008. Brand equity. Customer data. Economies of scale.
To see how COGs and gross margins are changing, take a look at these charts showing SaaS companies that IPO’ed in 2008 versus 2018. Average COGs in 2008 was 40% of revenue at the time of IPO, and gross margins averaged 60%. The development environment is a much lower percent of the total expense but it is significant enough to matter.
The SaaS development market evolves rapidly and, according to Fortune Business Insights, by 2030, will reach 908 billion dollars. More and more companies adopt SaaS, which enhances user experience, drives operationalefficiency, and fosters innovation. 10Clouds received an impressive number of accolades from Clutch in 2023.
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