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Shiv Bharankar
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Medial • 2m
Why Is the "SaaS is Dead" Debate Trending? Lately, there’s a lot of buzz around the topic that “SaaS is dead.” So, why is this conversation gaining attention? let's look into some facts, numbers, 1. Saturated Market: The SaaS market was valued at $158.2B in 2022 and is expected to grow to $307.3B by 2026. But with so many players in the game, it’s tougher for newcomers to stand out. 2. Economic Pressures: 70% of businesses are rethinking their tech spend due to economic uncertainty. SaaS subscriptions are under more scrutiny. In 2023, SaaS funding dropped 41%, signaling investor caution. 3. Subscription Fatigue: According to McKinsey, 71% of users feel overwhelmed by their SaaS subscriptions, causing higher churn and businesses rethinking their choices. 4. New Tech Disruptions: AI, blockchain, and serverless computing are becoming top priorities. Forrester says 70% of tech leaders are investing in these, which could eventually surpass SaaS. Is SaaS dead, or is it just evolving?
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