Worldwide end-user spending on public cloud services is projected to grow 20.4% to total $678.8 billion in 2024, up from $563.6 billion in 2023, according to Gartner.
Vertice previously reported that almost three-quarters (73%) of SaaS vendors hiked prices in 2023, pushing total software spending levels to an all-time high.
A recent Vertice blog post highlights another SaaS management challenge: the rise of “maverick buying” within organizations, where employees adopt tools without the knowledge or approval of the information technology department. The problem has also been referred to as “shadow IT.”
