SaaS applications holds nearly 69% of the overall cloud services market, however, even in spite of 23% growth, SaaS also is the slowest grower when compared to IaaS and PaaS due to it's larger base. Cloud adoption, most notably AWS, Azure, and Google Cloud, have garnered much of the recent attention in the cloud services market but major SaaS players continue to post strong growth metrics.
- Current revenue growth rate is less than the average of the last 3 years, indicating that the market may be flattening or declining
- Current gross profit margin exceeds the average of the last 3 years gross profit margin, indicating supplier pricing power
- Current EBITDA margin is less than the average of the last 3 years EBITDA margins, which may signal further consolidation