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And if you also look at the platform as a service category, that’s also an additional $50 billion of spend, and that’s typically with those same vendors. Azure’s marketplace has over 4 million monthly visitors. As a result of this, marketplaces have exploded in growth, and here’s some facts and figures.
If you didn’t catch it the other day … and you can read about it on SaaStr …Microsoft and Google Cloud both had extremely strong quarters, Microsoft Azure grew 40% last quarter , and a record number of nine-figure and billion-dollar deals. Have revenue, but early, so like 50K ARR after two months of charging for a product.
We celebrate businesses like that, and of course, the platform we’re on today with Zoom, that has really become a communications platform that’s defining this COVID era. If you look at the IAS vendors, they passed $130 billion revenue milestone this year. It is staggering. We call that a second act.
Look at Snowflake and GitLab and ZoomInfo, growing almost 60% at a billion in revenue. I’ll tell you, of all the founders I’m impressed with, I’m most impressed with founders that I meet and I’m like, “How you doing”, “Well, I’m at 2 million in revenue and I’m going to grow 2.5
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