20 SaaS Companies to Watch out in 2020
As the SaaS landscape grows exponentially buyers and observers are left confused about the companies they need to watch out more. After a not so great 2019, both big players, smaller SaaS companies look ahead for a promising New Year.
AiThority brings you some of the SaaS companies to watch out for in 2020.
The tech-giant that needs no introduction, saw stocks stalling during most part of 2019. However, the legendary CRM provider is among the hot favorite for long term investors. Analysts say that the company can sustain earnings above 20% through 2020. The fact that 80% of the enterprises are yet to shift its operations to Cloud hints that the future will be promising for Salesforce. It has acquired around 60 companies. The $ 1.4 billion acquisition of Click software technologies were among the latest deals.
Userpilot is a Product Experience software. It assists in user adoption by allowing teams to initiate the right in-app experience. It can engage the right persona at the right stage of their user journey. User pilot is Code-Free and can help onboard new users at scale. It can also help increase your adoption rates across the board. Its product experience layer integrates easily with clients’ existing native UI. It has the potential to swing into action after identifying the user’s characteristics and the stage of the customer journey.
Microsoft’s Azure has been a prime contributor to its recent revenue growth. The company has moved its Office to the Cloud and now Office 365 outsells packaged client version. Even in 2019 when the technology companies were going through tough times, the Microsoft revenue has soared by 27%. The focus on Hybrid Cloud capabilities helped it grow at a time Amazon stocks grew 1.2% and Apple that grew 9.6%.
SeatGeek is a Ticket Search engine that helps people buy and sell tickets for events such as sporting events or concerts. It gives color-coded seat maps of the venues and helps purchase ticket over smartphones and desktop. It has improved the platform by acquiring startup-like Top Tix.
It was only last week that Demodesk, a Berlin-based startup raised $2.3 in seed funding. Its promising screen sharing map is touted as the first intelligent online meeting tool for Inside Sales and Customer Service teams. Unlike traditional tools that only record a video of the presenter’s local desktop screen, Demodesk sets up a 100% web-based virtual display. Anyone concerned can access it by just clicking a link. The virtual display helps in automatically loading the correct presentation content at the meeting start. It can be used to provide real-time conversational guidance on the sales rep’s side without the customer seeing it. This will leave the teams with more data to analyze than existing tools.
Slack is a Collaboration hub and is among the fastest-growing SaaS. The instant messaging app has well over million paid users. It grew into a $5billion company four years after its inception. It offers many features, including persistent chat rooms (channels) organized by topic, private groups, and direct messaging. Users can search files, conversations, and people within Slack. Slack’s free plan allows only the 10,000 most recent messages to be viewed and searched.
Boxxstep is Buyer Relationship Management (BRM) for B2B Sales professionals. It helps to plan opportunities and manage relationships, collaborate, share and executive crucial decisions. The tool sales tech tool has an efficient dashboard that helps to visualize the roles and structure. It can help in buyer team management, enhance team navigation among others.
8. Simply Do
Simply Do helps large scale organizations, small business and education organization alike to ideate and collaborate. In big organizations, it helps to collectivize the ideas and insights. In startups and small and mid-size enterprises, Simply Do can be used to showcase their products and services to larger organizations seeking ideas. In educational organizations, it helps student and graduates to secure enterprise education.
Scoop is yet another potent SalesTech tool which is developed to assist teams in closing more deals. It uses using Machine Learning to study how successful Sales calls. In short, Scoop offers focused insight for everyone from business managers to reps. It integrates well with partners like Zoom and Drift among others and more.
If you have hotels or properties for rentals listed under various aggregators, Syncbnb is a must-have to avoid multiple booking. The calendar synchronization tool uses AI and Human interference to ensure weed out double booking. It has a well-designed dashboard to keeps all rentals under one platform. It can synchronize with over 200 platforms.
11. Adobe Creative Cloud
The Creative Cloud offers graphic design, video editing, Web development, and photography editing all on cloud Slack is a collaboration hub. While apprehensions float around whether one should consider purchasing Adobe stocks, there is no denial of healthy growth until at least 2024. Analysts believe that Adobe’s increasing demand for its creative products continues to drive its top-line growth.
AppSumo is a daily deals website that focuses on digitally distributed goods and online services. It mostly offers deals on learning-based products. For instance, you might get a good deal on Email Marketing or Copywriting courses. The deals include those in application software, ebooks, learning courses among others. It aims to teach customers skills such as programming languages, project management, and hiring practices. AppSumo’s profit model works by taking a percentage of Sales from every deal.
Anaplan is a Cloud-based Planning software that helps in taking crucial decisions in everything from Finance to Human Resources. At its heart is the patented in-memory calculation engine named the Hyperblock. The company’s stocks had slumped in 2018 but it had made creative acquisitions thereby virtually announcing that they are on a rebalancing phase. This makes it a happening company to look out for in 2020. Anaplan had recently acquired the Israeli Predictive Analysis and Sales Analytics firm Mintigo.
14 Amazon Web Services
AWS, as of today is the leading provider of Cloud Infrastructure technology. It helps Formula 1 to store enormous data. It is a Marketplace where small scale and enterprise-level customers can find, buy, deploy, and manage third-party software and services. The customers can build solutions and hence it helps make SaaS. In the process, it has become the fifth-biggest software company. Users can quickly launch pre-configured software from the cloud. They can choose software solutions in AMI and SaaS formats. AWS offers massive flexibility, scalability and reliability.
Passbase is an Identity Search engine. The self-sovereign identity platform allows users to securely share their login credentials and verified government documents with the companies and institutions. The platform is backed by verified government documents, linked social media accounts, and biometric signatures among others. It offers a Software Development Kit to integrate facial recognition, liveness detection, ID authenticity checks and ID information extraction. It helps integrate seamless, bank-level identity verification into your website, app, or checkout with just a few lines of code.
Harvestr is a Product Management software. It manages and analyzes the customer feedback to build the best products for customers. It helps to identify improvement opportunities and build a road map. Harvestr flaunts a high level of integration and closes the feedback loop with customers. It throws light into the future for product manager and user researchers alike.
The Norwegian firm Teston helps in in remote, unmoderated user testing. The users can recruit their own panel or have Teston handle it. Once testers are on board one can simply define their task and publish results. Within a few hours, result videos will be extracted. Developers can analyze and fine-tuning product or service based on the results.
OhmyLead, the unified Lead Management solutions calls itself the missing link between Sales and Lead Generation. It connects over 400 Lead Generation and Marketing tools like HubSpot, MailChimp and Mailjet. Thus, it offers unified solutions and avoids the need for wasting the time of different Lead Managing platform.
19. BPI Unitek
BPI Unitek, the Dublin-based company specializes in Data Extraction Process and Conversations. It uses Deep Neural Learning to extract data from forms and documents and enters them on databases. They can fleece out data from hand-written and typed document. Needless to say, it would not matter whether the data is structured or unstructured. This avoids the need for laborious data entry operations. Additionally, they weed out human errors in the process and help in the effortless transformation of businesses.
Ciara is a baby in the startup ecosystem that started in 2019. It is a Conversational Assistant that can orally converse to you, take notes and seamlessly sync with CRMs. It as more than an Alexa for your enterprise related issues. It has real-time objection handling wherein answers for doubts are provided quickly.
Breakthrough technologies focusing on Cloud-based services and Hybrid Cloud Computing will more increasingly become the driver of higher growth rates for SaaS firms.