B
Evidence Grade B
Graded
accuracy verified by the review judge
Safe to Cite
Dated
18.4%
18.4% -- saas spend growth rate for global SaaS market (2021)
Worldwide expenditure on SaaS grew by 18.4% in 2021, rising from $257.5 billion to $304.9 billion.
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Lighthouse Research Team
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Evidence graded
Value
18.4%
Unit
Percentage
Data Vintage
2021
Entity
Evidence Quality
B
Strong, reliable evidence
Sourced from a well-regarded research firm or industry leader with transparent methodology and a reasonably large sample.
Single source - not yet corroborated
Score breakdown
Extraction
75
Source Trust
60
Citation Chain
60
Independence
30
Methodology
45
Freshness
95
Source
Gartner
Primary
Tier B
https://www.vertice.one/blog/how-to-future-proof-your-business-with-saas-cost-reduction ↗
Source Article
How to future-proof your business with SaaS cost reduction - Vertice | Vertice Blog
Take a self-guided tour of the platform.
See why Vertice is trusted by top procurement leaders.
With companies across all industries continuing to embed software applications into their day-to-day operations, global SaaS spending is showing no signs of slowing down. In 2021 alone, worldwide expendit…
Original Research
Gartner
· Original study ↗
Methodology
Gartner report cited by Vertice
Methodology documented
Segmentation
Industrymarketing
Cite this stat
Plain Text
global SaaS market: 18.4% saas spend growth rate. Source: Gartner (2021). Via Lighthouse Intelligence -- https://lighthousedata.io/data/saas-spend-growth-2021
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<blockquote cite="https://lighthousedata.io/data/saas-spend-growth-2021" style="border-left:3px solid #2563eb;padding:12px 16px;margin:16px 0;font-family:system-ui,sans-serif;background:#f0f4ff;"><strong>18.4%</strong> -- saas spend growth rate for global SaaS market<br><small>Source: Gartner (2021) · <a href="https://lighthousedata.io/data/saas-spend-growth-2021" target="_blank" rel="noopener">Lighthouse Intelligence</a></small></blockquote>
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