SaaS Trends Infographic

According to Gartner, worldwide end-user spending on public cloud services is forecast to grow 18.4% in 2021 to total $304.9 billion, up from $257.5 billion in 2020, with software as a service (SaaS) remaining the largest market segment and is forecast to grow to $117.7 billion in 2021. 

SaaS adoption is rampant with about 85% of small to midsize enterprises investing in SaaS Solutions today. With that adoption we typically see a lot of Shadow IT and duplicate applications (typically 4 duplicate subscriptions for every one that is approved). We also see that most small and mid-sized enterprise are churning about 30% of their SaaS products on a yearly basis, which basically means a need for onboarding, off-boarding, license management, security and cost controls.  

By 2026, 50% of organizations using multiple SaaS applications will centralize management and usage metrics of these apps using an SMP (SaaS management platform) tool, an increase from less than 20% in 2021. 

 

Gartner recommends:  

  • “Increase visibility into SaaS usage, improve manageability and automate repetitive SaaS Administration tasks, while improving consistency of securing identities and data across SaaS applications by adopting an SMP. 
  • Achieve the greatest efficiency benefits for IT by choosing the SMP that can support the majority of SaaS apps in use and that offers the greatest number of integration points in the functional pillars of greatest importance. 
  • Drive continuous improvement by leveraging the SMP to monitor and optimize SaaS license entitlements based on consumption and drive adoption of SaaS apps, and measure the performance of SaaS apps and integrated components.”

 

For more stats and trends, check out our on-demand webinar, SaaS adoption trends and stats within small and midsize enterprise. 

[maxbutton id=”1″ url=”https://learn.augmentt.com/saas-adoption-trends” text=”Watch Webinar Now” ]

Resources:  

Derik Belair

As President and CEO, Derik leads the vision, strategy and growth of Augmentt. Prior to founding Augmentt, Derik was the Vice President at SolarWinds, leading the digital marketing strategy for SolarWinds’ Cloud division. Derik has been working in the channel for over 20 years, starting his career as a channel sales rep at Corel Corp. and eventually becoming the first employee at N-able Technologies in April of 2000.
SUBSCRIBE for more resources
Related Content

Agent and Agentless

    When it comes to Augmentt Discover, we believe in flexibility and power. Augmentt Discover can collect SaaS usage data using both an Agent and Agentless model. Here is a quick [...]
    Read

    Product Evaluation Guide

      Thank you for starting your Augmentt Product Evaluation and Trial   Here are a few resources that will help you through this technical process. Support Technical Support is available to [...]
      Read
      Augmentt is a centralized SaaS security platform built for MSPs to deliver scalable managed security services for Microsoft and cloud apps. Our multi-tenant platform gives you visibility across all your end-users to easily audit, protect and detect security threats for a holistic approach to cyber security.