Proof Point
Business software platform Crozdesk forecasted cloud application services (SaaS) startup funding to grow 6% annually between 2015 and 2018, reaching $57 billion
Cloud Application Services Startup Funding
2015 – 2018F (US$ billions)
Proof Point Findings
- Cloud Application Services – Use of cloud-based platforms and tools to digitize processes and products or services, also known as software-as-a-service (SaaS)
- SaaS Startup Funding – SaaS startup funding expected to grow 5.5% annually, from $48.5 billion in 2015 to $57 billion in 2018, according to business software platform Crozdesk
- 2017 Actual Value – Total funding from 2017 Q1 to Q3 reached $50.2 billion, 4% increase from same period in 2016, with full year amount estimated to reach $55.1 billion
- Key Growth Drivers – Increasing proliferation of startups providing cloud-based services and increasing digitization of business processes
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Accelerator |
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Market Disruption |
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Sector |
Cross-sector
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Date Last Updated |
December 18, 2018
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