![](https://cdn.prod.website-files.com/6640cd28f51f13175e577c05/668be5fefc86a1108d268175_2023-11-SaaS-Inflation-Index-HeroBG-1920x1080.webp)
Spend on software has grown 17.9% over the past 12 months alone.
By the end of 2024, almost $220bn will have been spent on SaaS globally. Putting that into more practical terms for finance leaders, that represents approximately $8,700 per employee, up from $7,900 in 2023. This is an increase of almost 27% over the past 12 months.
![Spend on software has grown 17.9% over the past 12 months alone.](https://cdn.prod.website-files.com/6640cd28f51f13175e577c05/66cef3754ddc4838c2d17a66_2023-11-SaaS-Inflation-Index-Chart-03-1920x1080.jpg)
![The SaaS inflation rate is at it's highest point ever.](https://cdn.prod.website-files.com/6640cd28f51f13175e577c05/66cef36e1e5bcc5ef272cf06_2023-11-SaaS-Inflation-Index-Chart-08-1920x1080.jpg)
The SaaS inflation rate is at it's highest point ever.
$1 in every $8 is now being spent on SaaS for a typical organization. Whilst headcount cuts contributes to this, rising SaaS prices is the main driver. SaaS inflation is now 4x higher than the standard market inflation rate - and is ever increasing whilst the consumer inflation index drops. It doesn't help that 60% of vendors deliberately mask their rising prices, making cost clarity in negotiations more difficult and thus meaning companies are likely to be overpaying.
![](https://cdn.prod.website-files.com/66150678cd4993ceaf346c7e/665f048c655039cbec77f011_Row.png)
![](https://cdn.prod.website-files.com/66150678cd4993ceaf346c7e/66720d26aba8ed381afb1d6f_Brand-Gradient-Soft.webp)
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Fill out the form above and unlock the exclusive SaaS Inflation Index report.
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You're definitely paying more than you should
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