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Gartner: Business Software Spend Still Forecast to Rise 11.3% to $880 Billion in 2023

SaaStr

They aren’t perfect, but given how many CIOs they interview — over 2,200 for this survey — they’re one of my favorite sources for what’s happening in 2023. And they say 2023 will be a banner year for enterprise software spend at least — growing a stunning 11% to $880 Billion. That’s not 100%.

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Gartner: Software Spend Will Still Grow by $100 Billion in 2023. To a Stunning $900 Billion.

SaaStr

Gartner: businesses will spend $100,000,000,000 more on software in 2023 than 2022. Yes, $100B more in 2023. in 2023, up from 9.6% That means $100 Billion more software spend in 2023 than 2022. So far at least — 2023 still looks good. The post Gartner: Software Spend Will Still Grow by $100 Billion in 2023.

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Salesforce: “Things Are Too Unpredictable to Provide a Forecast”

SaaStr

But buyers kept coming back to one theme for 2023 planning: Keep. SaaS and IT budgets are still going up in 2023. The post Salesforce: “Things Are Too Unpredictable to Provide a Forecast” appeared first on SaaStr. This seemed to the theme of the waning days of 2022. Be honest which category you are in.

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A Basic Guide to Working Better With Your VCs in 2023

SaaStr

Way, way too many startups haven’t gotten a 2023 plan approved yet. Carefully forecast and re-forecast your Zero Cash Date. The post A Basic Guide to Working Better With Your VCs in 2023 appeared first on SaaStr. Get a Real Financial Plan for the Year Approved, Including a Formal Burn Rate Budget. Every month.

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The Cloud 100’s 2023 Growth Rate Has Plummeted From 100% in 2022 to 55% Today. But They’re Much More Profitable.

SaaStr

So how are the top SaaS and Cloud companies doing in 2023? For years we saw growth rates increase, but in 2023, the average growth rate for a Cloud 100 company – the 100 best private companies in the world – has been nearly halved. Bessemer’s latest Cloud 100 answers the question. Here’s to an uptick in 2024!!

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Thanks to Drata, OnBoard, Qwilr, RevSure, and Workato for Sponsoring SaaStr Annual 2023!

SaaStr

SaaStr events couldn’t happen without our partners, and we wanted to give a special shout-out to some of our newest sponsors for SaaStr Annual 2023. While there are revenue intelligence tools for pipeline conversion and sales forecasting, intelligence for pipeline generation has been an afterthought. appeared first on SaaStr.

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Thanks to Mercury, Rattle, Remote, Trustero, and Vention for Sponsoring SaaStr Annual 2023!

SaaStr

SaaStr events couldn’t happen without our partners, and we wanted to give a special shout-out to some of our newest sponsors for SaaStr Annual 2023. Rattle gives revenue leaders control over their business with intelligent real-time alerts that unlock actionable insights, drive collaboration and alignment, and improve forecast accuracy.

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