Railsbank has been named on the 2020 Accel Euroscape list which contains the top 100 European and Israeli cloud companies at SaaStock EMEA Online.
To compile the list, which was unveiled recently at SaaStockEMEA, more than 1,500 European and Israeli private SaaS companies across 20 countries were surveyed. The list was part of a report entitled 2020 Accel Euroscape Decacorn Unleashed, co-authored by Varun Purandare and Candice du Fretay.
One of the report’s main take-outs was that a new era has been entered, which has been labelled The Rise of the Giants. It notes that there are now eight software companies north of a $100bn market cap, representing $2.7tn of market value. They also estimate that as momentum builds, Cloud will overtake on-premise software by 2025, when the entire software market should be worth around $1 trillion.
Louisa Murray, VP and Head of Sales at Railsbank, said:
“It is great that we have been included on this list of what are the top European and Israeli SaaS companies. The report on which the list is based is a great insight into how SaaS companies have developed in Europe over the last decade and the exciting future which awaits them. I would recommend this report to everyone.”