The size of the software-as-a-service (SaaS) industry is expected to grow 214% this decade.

The SaaS industry also has an average churn rate of 5-7%.

Those are just two of the stats covered in an infographic (below) fromVena.

It looks at some essential SaaS stats you need to know in 2023 and also covers three approaches for overcoming SaaS challenges.

Check out theinfographic:

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SaaS Stats You Need to Know in 2023 [Infographic]

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ABOUT THE AUTHOR

image of Ayaz Nanji

Ayaz Nanjiis a writer, editor, and a content strategist. He is a co-founder ofICW Mediaand aresearchwriter for MarketingProfs. He has worked for Google/YouTube, the Travel Channel, and the New York Times.

LinkedIn:Ayaz Nanji

Twitter:@ayaznanji