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7/31/24, 2:35 PM Software's Doomsday or Dawn? AI's Radical Reinvention of SaaS

Software's Doomsday or Dawn? AI's Radical

Reinvention of SaaS

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7/30/2024 9:26:29 AM

(MENAFN- Orient Planet Group) Is the rise of AI putting Software as a Service (SaaS) on life
support, or is it catapulting it to new heights? The answer seems to depend on where you're

standing. If you tune into the global tech conversation, you'll hear a pessimistic narrative.
Many commentators are predicting that AI will be the death knell for SaaS as we know it. This

pessimism isn't just talk – SaaS Multiples have collapsed to 5.2 times revenue, well below
COVID and even pre-COVID levels.

Yet, in the Middle East and North Africa (MENA) region and other emerging tech markets,
SaaS is one of the hottest startup categories, with founders and investors buzzing with

excitement.

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