So there’s little doubt issues are a bit more durable for everybody in SaaS and Cloud proper now. A couple of of us are seeing no macro impacts, however in all probability the largest inform are Cloud platform giants — AWS, Azure and Google Cloud. All are nonetheless rising at very sturdy charges. However all are rising extra slowly than a yr in the past, and much more so than 2 years in the past.
However they’re nonetheless rising. The Cloud continues to be rising. SaaS spend continues to be rising. It’s more durable to entry that spend, nevertheless it’s hardly shrinking:
Cloud Giants Replace
AWS (Amazon): $85B run fee rising 16% YoY (final Q grew 20%)
Azure (Microsoft): ~$60’s billion run fee (estimate) rising 31% YoY (final Q grew 38%)
Google Cloud (consists of GSuite): $30B run fee rising 28% YoY (final Q grew 32%, neither are cc)
— Jamin Ball (@jaminball) April 27, 2023
How a lot? Well, Gartner has its latest report and predictions out. They see total SaaS spend nonetheless rising a really wholesome 18% in 2023 to nearly $200 Billion Worldwide in 2023. And after interviewing 100s of CIOs and CXOs, it nonetheless sees SaaS rising one other 18% in 2024 to $232 Billion a yr:
There’s no query that inflation, infrastructure prices, and vendor consolidation will take up plenty of this enhance. However budgets are nonetheless there. Even when we have now to do much more, and show much more, to entry them.
Printed on Could 2, 2023