State of the Cloud 2024

The US Bureau of Labor Statistics cites the Business and Professional Services industry at 13% of US GDP making this sector alone, dominated by repetitive language tasks, ~10x the size of the software industry.

Vertical SaaS proved to be a sleeping giant that transformed industries during the first cloud revolution. Today, the top 20 US publicly traded vertical SaaS companies represent a combined market capitalization of ~$300 billion, with more than half of these companies having IPO'd in the last ten years.

Now the rise of large language models (LLMs) ha... See more