To The Moon

“We are looking to the software providers who are actually right now where $NVIDIA Corp(NVDA)$ was when we first bought it,” Wood, CEO and founder of Ark Investment Management LLC, told Bloomberg TV on Wednesday. While $NVIDIA Corp(NVDA)$ is expected to do well over time, Ark is “onto the next thing,” she added.

Wood further pointed out that the bigger market for artificial intelligence is actually in software. She said that for every dollar of hardware sold by $NVIDIA Corp(NVDA)$ , software suppliers and SaaS suppliers will generate $8 in revenue.

Wood is betting on software stocks that she expects to eventually grow in to the size of $NVIDIA Corp(NVDA)$ , Wood’s funds hold $UiPath(PATH)$ $Twilio(TWLO)$ and $Teladoc Health Inc.(TDOC)$.

1. What is a SaaS software company?

Software as a Service or SaaS is a cloud delivery model that offers customers access to a fully-supported software application through an Internet connection. The cloud service provider is responsible for supporting all aspects of the application with the exception of user data. SaaS companies are clearly on the upswing, aided by the rapid growth of the larger cloud computing market.

2. Top 10 SaaS companies by YTD2023

Below are the top 10 SaaS companies by YTD in 2023: $C3.ai, Inc.(AI)$ $HubSpot(HUBS)$ $Salesforce.com(CRM)$ $Shopify(SHOP)$ $Trade Desk Inc.(TTD)$ $CrowdStrike Holdings, Inc.(CRWD)$ $Twilio(TWLO)$ $Atlassian Corporation PLC(TEAM)$ $ServiceNow(NOW)$ $Microsoft(MSFT)$

Data from Tiger Trade

Welcome to Read:

• Why C3.AI still being Short?

• Not AI-Driven? CRM's safe outlook makes valuation more attractive

• Saas Companies Special: Top 10 Saas Stocks Earnings & Valuation

• The Trade Desk, Inc. (NASDAQ:TTD) is a favorite amongst institutional investors who own 70%

3. SaaS Industry 2023 Prospectives

In the report give deep data and trend analysis about SaaS. Welcome to Read 20+ SaaS statistics to consider in 2023

key saas statistics affecting the industry

4. Major SaaS Players From 10 Industries

Data from https://www.datamation.com/, this is a list of 31 SaaS companies organized by the industries. Which companies you are interested in? Welcome to read a full explanation on each company by the bottom source link.

• Cloud SaaS Companies: $Salesforce.com(CRM)$ , $Microsoft(MSFT)$ , $Intuit(INTU)$ , $Veeva(VEEV)$ , $Oracle(ORCL)$ , $Cvent(CVT)$ , ,$Box(BOX)$

• E-Commerce SaaS Companies: Google Workspace, $Zendesk(ZEN)$ , $RingCentral(RNG)$, $Anaplan Inc.(PLAN)$ , $Domo Inc.(DOMO)$ , $Docusign(DOCU)$ , $Slack Technologies(WORK)$ , $Twilio(TWLO)$ , $Cisco(CSCO)$

• Human Resources SaaS Companies: $Automatic Data Processing Inc(ADP)$ , $Workday(WDAY)$ , $ServiceNow(NOW)$

• Data Analytics SaaS Companies: $Tableau(DATA)$ , $New Relic(NEWR)$

• Financial SaaS Companies: $Paychex(PAYX)$ , $Xero Ltd.(XERYY)$, $Zuora(ZUO)$ , $Coupa Software Inc(COUP)$

• Marketing SaaS Companies : $HubSpot(HUBS)$

• Software Development SaaS Companies: $Blackbaud(BLKB)$ , $Splunk(SPLK)$ , $Atlassian Corporation PLC(TEAM)$ , $Amazon.com(AMZN)$ Web Services (AWS) SaaS,

• Cybersecurity SaaS Companies: $Okta Inc.(OKTA)$ , $Proofpoint(PFPT)$ , $KnowBe4, Inc.(KNBE)$ , $Rapid7(RPD)$

• Education SaaS Companies: CodeSignal, ServiceMax, SurveyMonkey, Blackboard, Eloomi, Grammarly, $Kahoot! ASA(KAHTY)$ !

Source: https://www.datamation.com/cloud/saas-companies/#ecommerce