Highlights

• After more than two decades of development, the global SaaS industry has formed a hundred-billion-dollar market segment.
• The SaaS industry has recently experienced a chill in both primary and secondary markets due to various factors.
• EqualOcean believes that in a climate of uncertainty, digitization is still the biggest opportunity we know for sure right now. We are cautiously optimistic about the future of the SaaS industry.
• We predict that the capital market will pick up in the second half of 2023. By then, there will be a large number of outstanding Chinese SaaS companies to go public.