SaaS market struggling but pockets of resilience remain, finds new report from OpenView and Paddle
Data from the SaaS Benchmarks Report shows that:
- Data from the SaaS Benchmarks Report shows that:
Smaller SaaS providers have been hardest hit: the biggest fall in median YoY revenue growth recorded was for private companies with between $5-20m ARR. - OpenView and Paddle also identified four traits that nimble SaaS businesses - the 'Outliers' - are doing to remain resilient despite slowing demand:
Using AI to generate revenue. - You can read the full results from the 2023 OpenView SaaS Benchmarks Report here: https://openviewpartners.com/2023-saas-benchmarks-report/
This report is based on qualitative and quantitative research into the global SaaS market. - The report combines over 3,500 respondents' results aggregated across seven years of surveying private SaaS businesses on their finance and operating metrics.