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Gartner: SaaS Spend In the Enterprise Will Grow 17% to $195 Billion in 2023

SaaStr

Gartner has its latest report out , talking to hundreds of CIOs, and it breaks down projected SaaS spending in the enterprise in 2023: The summary: Gartner predicts SaaS spend in the enterprise will rise to $195 Billion in 2023, up 17% from $167 Billion in 2022. But these are still good times.

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5 Interesting Learnings from Klaviyo at Almost $1 Billion in ARR

SaaStr

It was the only SaaS IPO on 2023. New Startups and Companies and Enterprise Strong. Klaviyo is seeing strengths in its entrepreneur segment (new companies) and enterprise ($50k+ deals) as noted above. So the latest SaaS leader to cross $1B ARR is Klaviyo. The only one! ” 5 Interesting Learnings: #1. SMB Weaker.

Scale 301
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Gartner: SaaS Spending Is Going to Grow Even Faster Than We Expected in 2023

SaaStr

Enterprise software spending globally was $529B in 2020, per Gartner. In 2023, it will be $750B. The latest Gartner data backs that up: The big takeways: Gartner is predicting acceleration of business software spend in 2023, up to 11.8% These 2023 estimates have been boosted just from October 2021 as well as from April 2021.

SaaS 71
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The Typical Startup Saw a 24% Increase in Sales Cycle in 2023

Tom Tunguz

Sales cycles shifted dramatically in 2023. The average startup saw a 24% increase in sales cycle from early 2022 to 2023. Startups selling to enterprises have increased 36%, twice those of Mid-Market & SMB focused companies. These benchmarks suggest startups should plan on materially longer sales cycles into 2023.

Startup 350
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LLMOps for Your Data: Best Practices to Ensure Safety, Quality, and Cost

Speaker: Shreya Rajpal, Co-Founder and CEO at Guardrails AI & Travis Addair, Co-Founder and CTO at Predibase

Large Language Models (LLMs) such as ChatGPT offer unprecedented potential for complex enterprise applications. January 18th, 2023 at 9:30am PST, 12:30pm EST, 5:30pm GMT

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5 Interesting Learnings from Cloudflare at $1.7 Billion in ARR

SaaStr

So Cloud and SaaS have had a bit of a rollercoaster the past 4 years, from the boom times of 2020-2021, to the tougher times overall of 2023, to the AI boom of 2024+. But one thing has done well through all of it: security. We always need it, and the threats keep coming. And Cloudflare has been one of the biggest beneficiaries.

Scaling 273
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5 Interesting Learnings from Databricks at $3 Billion in ARR

SaaStr

The meta point is after a tough late 2023 and into 2024, SaaS, Cloud and more is back: In some cases, AI is the driver (Databricks, Palantir). 500+ customers consuming at over $1 million annual revenue run-rate Like Snowflake, Databricks is very enterprise. But close enough for purposes of this post. Billion ARR.

AI 284
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LeanIX SaaS Management Survey: Biggest SaaS Challenges of 2023

The results reveal a disconnect between enterprise SaaS cost and security concerns and proactive action to optimize SaaS management. LeanIX recently surveyed 112 IT professionals across the globe regarding SaaS management.