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The phenomenon of longer contract terms for larger contracts is pretty clear. Companies in the “elephant hunter” group are less aggressively booking super long-term contracts. Respondents with >$250K median ACV book nearly 25% of their contracts at 3 years or longer (down from 35% in the 2015 group).
For Entrepreneurs.com
More SaaS + Software Stats
55% of SaaS companies rate Customer Retention as the key metric to measure
SAAS companies with >$250K median ACV book nearly 25% of their contracts at 3 years or longer
How Often Should The Pricing Committee Be Meeting And Making Changes?
Customer’s lifetime value (LTV)= average revenue per user (ARPU) / monthly churn rate
More than two thirds of SAAS companies experienced annual churn rates of 5% or higher
Customer Segmentation analysis will help point out which are your most profitable segments
Publicly-traded SaaS companies have an average Revenue Per Employee of $200,000
More Growth Strategy Stats
54% treat upselling and add-on sales as high priority
Less than 20% of new revenue came from existing customers in the form of up-sell and expansion sales
The statistic shows the worldwide IT spending on enterprise software from 2009 to 2020.
55% of SaaS companies rate Customer Retention as the key metric to measure
At Facebook, 15 percent of tech roles are staffed by women