Not all SaaS businesses are destined for success. Indeed, take a look at the failure rate for SaaS businesses, and it might just make you think twice about starting your own venture or halting the breaks on what you’ve started. But why spend time focusing on the ones that didn’t make it? There are plenty of companies that are doing more than surviving: they’re thriving. So what’s their secret? They all have their own ways of operating, but they do share a common characteristic: they’re relevant. Let’s take a look at the SaaS business trends that are working in 2022.
It should come as no surprise that technology businesses lead the way. SaaS companies are in a terrific position for success not only in 2022 but on a long-term basis. After all, four of the top ten Fortune 500 companies are in tech. If you’re going to follow the SaaS model, take the advice of Benjamin Naderi, who says it’s essential that you “build a product that solves a problem or fills a void.”
The world can’t run without energy companies. The current shift towards sustainable, renewable energy presents a terrific opportunity for entrepreneurs to get in at the ground floor. The industry is already taking off and will only become bigger in the years to come.
For the first time in history, there are more people in retirement than there are aged under five. The growing demand for healthcare services means that this industry, which is already a big player, will become even more profitable and in demand in future years.