The size of the software-as-a-service (SaaS) industry is expected to grow 214% this decade.

The SaaS industry also has an average churn rate of 5-7%.

Those are just two of the stats covered in an infographic (below) from Vena.

It looks at some essential SaaS stats you need to know in 2023 and also covers three approaches for overcoming SaaS challenges.

Check out the infographic:



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SaaS Stats You Need to Know in 2023 [Infographic]

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image of Ayaz Nanji

Ayaz Nanji is a writer, editor, and a content strategist. He is a co-founder of ICW Media and a research writer for MarketingProfs. He has worked for Google/YouTube, the Travel Channel, and the New York Times.

LinkedIn: Ayaz Nanji

Twitter: @ayaznanji