SaaS and Cloud Spending Unwrapped report from Vertice
A well-designed tech stack and cloud architecture enables business performance and growth.
However, rising costs are eating away at the bottom line.
But what’s causing these rising costs? And can you mitigate them, or are they inevitable and simply ‘the cost of doing business’?
In this Vertice quarterly SaaS and Cloud Spending Unwrapped report, they will show:
How SaaS and cloud spend is evolving
Continued soaring prices make maximising savings crucial
- The gap between SaaS inflation and CPI inflation is at its widest yet and ‘shrinkflation’ continues to be practiced by vendors – creating a ‘pay more, get less’ scenario.
- Business use of AI is proving to be more than just hype. The largest proportional increase of any category of tech spend was in AI - 64% YoY growth.
- Business' average AWS spend has grown by 11% YoY. But not always efficiently.
Whether combatting soaring SaaS prices with better negotiated contracts, or opting to increase AWS Savings Plan commitment levels over Reserved Instances, there still remains plenty of scope for businesses to find savings and make budgets go further.
What is SaaS shrinkflation?
The reduction of features, capabilities, and discount opportunities within SaaS tools without decreasing top-line prices. Customers pay the same but get less.
Want to learn more about Saas?
You can access the full report here, or discover how Vertice's spend optimisation platform could be a benefit to your business with the Tech 100 below!
