Companies Are Slashing Their SaaS Spends, UBS Says
According to research from UBS, companies are increasingly tightening their budgets, with many slashing their SaaS expenditures significantly. Discussions with SaaSOps vendors reveal that 21% of organisations reduced their SaaS spending last year, while a remarkable 30% of existing licenses went unused.
Key Points
- 21% of organisations have cut SaaS spending, highlighting a trend towards cost-cutting.
- 30% of existing SaaS licenses are reportedly sitting unused across various companies.
- SaaS rationalisation targets common tools such as Zoom, Teams, and Slack.
- Back-office systems like Workday are less affected due to their stickiness and pricing model.
- Future spending growth may be jeopardised as companies reassess budgets.
Why should I read this?
If you’re curious about the current trends in the SaaS industry and how companies are managing their budgets, this article is a must-read. It sheds light on the significant shifts in spending behaviours that could impact resource allocation across industries in the coming years. Consider this your cheat sheet into the evolving landscape of business software spending!