There are many ways Saas companies are changing the world with its new and thoughtful innovations. They have allowed companies to talk and do businesses conveniently with the services that can provide them.
Out of all these SaaS companies, some have stood out more than others. In this article, we would go through the five fastest-growing companies in 2020 and thoroughly explain why they lead the race.
The following businesses that we are about to mention have been going at an incredible growth and development level over the last few years. Some of these have gained the respect of the public, and their expansion plans are phenomenal.
Our judgment and conclusions came from assessing different criteria such as: How fast the company is progressing, the number of employees that company has, the number of people that patronize these companies, how much the business is worth, and how much value that company gives to the community.
Biggest SaaS companies in 2020
In no particular order, these are the five fastest Saas companies showing no signs of stopping down.
Slack is one of the fastest-growing SaaS businesses in the history of Saas companies. This digital workspace has allowed customers to connect with different vendors, and has allowed employees to connect and share ideas with their clients. Slack has permitted so many other crucial connections between people.
Officially, Slack is a messaging platform that sharply increases the productivity of businesses and other organizations. Before they were invented, workplaces faced the tedious issue of communication online. Clients found it hard to communicate with clients because of how tedious social media apps were. Business owners could not regularly converse with their employees because of this same reason. The company owner saw this problem needed to be solved, and Ben went ahead to create Slack.
During this pandemic, they have shown their usefulness, as it has allowed companies to keep their performance levels up. They also make their service secure, so sensitive information that people and businesses share is protected.
Presently, Slack is worth an estimated $5.1 billion, which is very impressive because it only started in 2009. The business has been patronized at an astonishing rate within the last few years, with its peak patronage in 2020. Presently, six million people, including business owners, employees, and other groups, have been reported to be regular users of this Saas company.
From the time they came about till now, a total estimate of $790 million has been granted to Slack, including the enormous grant made by SoftBank three years ago. Currently, they have 780 employees and are planning to expand to great lengths.
SurveyMonkey has been a very phenomenal Saas company, and deservedly so. They have helped many companies in so many different ways and answered various questions that most companies and startups ask. And they do this by being a survey tool.
They have given detailed answers to different startup companies looking to get the most accurate and logical statistics. SurveyMonkey always says that they have one goal in mind— helping people, startups, and other companies worldwide make better decisions based on the detailed analysis they give.
SurveyMonkey is a business that provides detailed information to clients that they have researched and made a detailed analysis of. Trust me; if you as a company are looking to start a new business idea and don’t seem to have the answers, they are there for you. If you are an already established company and are struggling to find the correct solution to an existing solution, they’ve got the answers. They do this with various tools, one of which is pricing survey questionnaires. This tool has proven to be especially useful in their activities, giving them further details and teaching a wider audience.
They are currently worth $2 billion, which is incredible for a company that people say “asks questions.” Of this $2 billion, it has been granted with $1 billion, which shows that many people believe in this company and what they stand for.
This company has been around for over twenty years and is not showing any signs of slowing down. So many people patronize them, clocking at about 20% of all existing businesses in the US.
Presently, they have over 700 people working to make their dream possible, and they plan to expand even more.
They have been a big help during this pandemic because so many companies have been looking for a vast number of answers to the current questions, most especially digital transformation.
Domo is a company that other companies have found so many uses for since they were established. As a company, do you seem to be making a loss but cannot seem to identify the problem? Or have you as a company tried everything possible to remain progressive, but to no avail? Then this Saas company is here to solve your problems.
Domo is a SaaS company that has made way for businesses to spot existing problems with their strategies and change their approach if necessary.
It is a data analytics company that uses several tools like API to perform their tasks. It has proved that it is continuously useful to the existing workforce and society, and it would continue to be so according to statistics.
They compile information from other social media applications like Facebook, and Instagram, and also some other business-oriented apps such as LinkedIn, to keep up with the latest strategies and information, this applying it in their business
Currently, they were worth an impressive $1 billion since its launch a decade ago. They have been phenomenal in their approach towards implementing transformative change during this pandemic.
Since their launch, they have gotten a collaborative grant of $700 million. They have 970 employees at this very moment and big plans for expansion because they plan to enter their IPO stage.
Anaplan is another fast-growing SaaS company that has grown incredibly these past years. They are a management software company that allows people to effectively communicate, plan, and hide their clients’ affairs.
They analyze related financial information for their clients, maximize their clients’ productivity, and manage their social media applications with expertise.
Presently, they have about 720 employees and are in 16 different countries. They plan to expand very soon and achieve even more significant progress.
Their fast growth has been an admirable characteristic for any other Saas company, and they seem to remain relevant no matter how much the times change.
Since they were established in2006, they have amassed over $240 million in grants and have gained the trust of several established companies, such as Intel and HP.
Is your company looking to increase the number of sales they make! Or are you looking for a digital marketing strategy to change your marketing approach that would set your company apart from your rivals? If you are, then HubSpot is a Saas company that solves that problem for your company. In a way, no other rival can. They use very professional tools, one of which is pricing survey questionnaires. This tool allows them to get as much information as they can through surveys and other questionnaire tools.
HubSpot has been used so much in recent times, and their development rate is so impressive. They are leading the digital marketing race because they create effective strategies to help the community to great lengths.
HubSpot is a Saas company that produces, sells, and markets digital software responsible for improving the number of sales a company makes and the effectiveness of the company’s customer service.
Presently, they are one of the world’s fastest-growing Saas companies, and they were established over a decade ago. It was founded by Brian Halligan, who has been a digital marketing leader. They went public six years ago and have received many positive reviews and an astonishing level of patronage from customers and businesses. They have a lot of financial backing and have gotten a whopping $100 million in grants.
HubSpot currently has 2,140 people working for them, and they are planning to expand very soon.
All these Saas companies have shown how efficient they are and how productive they make the community and the world at large. However, these companies are all protected by GDPR. GDPR is the acronym for the General Data Protection Regulation.
The GDPR is responsible for making sure that the companies under them are safely protected. A lot of client’s information tend to either get lost, stolen, or damaged.
To be able to counter this, Saas companies and other companies at large are compliant with the GDPR rules. It is very important for any startup or established company to adhere to the laws of the GDPR.
If you are looking to start a company, it is essential to ensure that your company complies with the laws and guidelines that the GDPR provides. Osano is a tool that makes sure businesses stay compliant with the GDPR rules. It is essential to get tools like Osano so as not to get into unwanted trouble.
What We Think
The world is on a fast track to more technological innovations, and these Saas companies are spearheading the change. More and more businesses are being established to solve existing problems and create solutions for other companies that we did not eve