Fig. 8.1 Cloud-based application (SaaS) growth by vertical Cloud-based Applications The cloud so昀琀ware as a service market (SaaS) grew 12% in 2022 and is expected to grow 14% in 2023 to $195 billion, according to Gartner. These figures include everything from basic o昀昀ice-style tools to advanced ERP, CRM, and more. AVANT asked executives what percentage of applications were cloud-based before the pandemic compared to 2023, then what they expect that percentage to be in 2024. Adoption is roughly similar across industries. The average predicted growth of adoption across all categories over the next 12 months is 9%. Source: AVANT Analytics State of Disruption 2024 Copyright © 2024 AVANT Communications, Inc. 26