Cloud costs can be unpredictable, volatile, and hard to understand. Engineers at Adobe have once burned through $80,000 of cash in a single day on Microsoft Azure. Five years ago, another SaaS company was overpaying AWS “just” $14,000 a month. Intervention from our DevOps team saved them over $840,000!
Did you know that the Software-as-a-Service (SaaS) industry is now worth more than $144B? It grows like bamboo too, at over 25% a year. It’s no wonder that many young unicorns choose to graze on this green SaaS pasture. So, what do you need to join the race?
SaaS is booming. GlobeNewswire predicts that the global SaaS market will grow to $720 billion in 2028. This represents a 25.89% CAGR – one of the highest in the IT industry. Such a lucrative opportunity would be pretty much impossible without the amazing tech that powers modern SaaS apps.
Software as a Service, or SaaS, is one of the fastest growing markets: the predicted growth for the global SaaS market is from $240.61 billion in 2022 to $374.48 billion in 2026. The wide range of business tasks covered by SaaS solutions makes SaaS a promising and competitive market.