target audience: TECH SUPPLIER  Publication date: Oct 2022 - Document type: IDC Survey Spotlight - Doc  Document number: # US49800822

SaaS Spend: Changes in the Next 12 months

By:  Frank Della Rosa Loading

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Abstract


This IDC Survey Spotlight examines SaaS spend. SaaS applications represent the largest cloud computing segment, accounting for more than 48% of the $778 billion worldwide cloud software revenue. Results from IDC's global SaaSPath 2020 research show that 48% of businesses plan to increase spending on SaaS applications. SaaS has become the automation engine of digital business. Exponential change, supply chain disruption, the need for data dexterity, and continuous supplier innovation stimulate demand for the new generation of SaaS applications. Digital business relies on SaaS to drive efficiency, enhance customer experience, retain talent, hit sustainability goals, and weather inflationary headwinds. While traditional licensed software is most vulnerable to slowing economic growth, the trend toward opex and longer contract terms to avoid near-term price increases means SaaS spending will continue to increase, albeit at a slightly slower pace.



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