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State of the Cloud 2023
Summary
But amidst the anxiety and turmoil, the tech ecosystem has witnessed something potentially as world-changing as electricity: a string of AI advancements that may prove to define technology and society for generations to come. The record high multiples of prior years inflated by hyper low interest rates and stimulatory environment have not just regressed to the mean—they are currently reset below normalized, historical long-term averages. Additionally, this macro instability had a double squeeze on cloud companies since recession fears led to headwinds such as lengthening sales cycles and tighter customer budgets, which impacted core business fundamentals such as growth. SaaS M&A activity also slowed but remained slightly more robust and was notable for several reasons: • It was a record year for private equity backed deals, especially “take-privates”, as financial sponsors sought to capitalize on the lowered multiple setting. Unit economics are finally more in vogue, while the compelling fundamentals of SaaS businesses, namely the net expansion dynamics and potential for significant opex leverage, remain more critical than ever.
Classifications
Core Activities
AI & Machine learning
Customer Service & Support
Business Intelligence
General BI
ERP & Process Management
Vertical-Industries
Hospitality
Entertainment
Fintech & Banking
Investment Banking
EduTech - institutions
HealthTech
Medical Equipment Software
Retail
Media and Publishing
HVAC Software
Construction
Horizontal-Applications
ERP Software
Research & Survey Analysis
Security
Access Control
Customer Service
Help Desk
Accounting and Taxes
Governance, risk and compliance
Integrated Accounting
Office Automation
Groupware & Email
Sales and Marketing
Virus Protection Software
Online Surveys
Procurement & Purchasing
EduTech - learning
Expense Report
Learning Management Systems (LMS)
Neural Networks
Audit
Web and Content Management
Tax Preparation
Sales Forecasting Software
General Data Management
Search and Information retrieval
Language Translation
Data Warehousing Software
Data Management
Enterprise Risk Management (ERM)
Lead Management Software
Networking and Cloud
Virtualization & Cloud Resources
Content Management
eLearning
E-Commerce & Retail
Customer Relationship Management
E-Commerce
Project Management
Project Scheduling
Calendar, Scheduling
Billing/Invoicing
Financial Reporting
Computer Aided Design (CAD)
Engineering & Scientific
Anti Piracy
Collaboration & Communication
Companies
US $100M to $250M
US $50M to $100M
UA up to $1M
FR $10M to $25M
US $10M to $25M
US $10M to $25M
US $1B+
DE $10M to $25M
US $10M to $25M
DK up to $1M
US $50M to $100M
AU $100M to $250M
US $50M to $100M
CN $1B+
US $1M to $5M
US $10M to $25M
US $50M to $100M
IL $50M to $100M
US $10M to $25M
US $1B+
US $500M to $1B
US $100M to $250M
US $250M to $500M
US $100M to $250M
US $100M to $250M
US $100M to $250M
US $250M to $500M
US $500M to $1B
GB $100M to $250M
US $100M to $250M
US $50M to $100M
US $1M to $5M