Share of spend for AI tools has increased 500% since the start of this year

AI tools are in high demand across our user base, with data showing that one in three companies are now using AI software, up from one in ten earlier on in the year. This has resulted in the share of spend for these tools increasing by 500% since the start of 2023.

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Mid-sized companies are spending 2x on SaaS per employee vs enterprises

Not only are smaller businesses able to make use of fewer tools but, with less functionality requirements, they can also typically achieve better deals on their software stacks — a better price per user, for example.

Similarly, enterprises are in a position to negotiate a better price per license due to economies of scale. This leaves mid-sized companies with between 1,000 and 2,500 employees paying the highest amount per user for SaaS, with an average spend of $10,000.

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See what's trending with Vertice

We’re tracking the biggest movers and shakers with our SaaS trend forecast. Check out our listings of the best and brightest in upcoming SaaS players or our hot picks for April 2023.

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