Published in News

Software is getting more expensive

by on09 September 2019


It is is not just you

A SaaS "price transparency" site at Capiche.com has been doing some checking and discovered that software companies have been jacking up the prices of their products.

 

Under the heading "It's not just you: software has gotten far more expensive," Capiche detailed its survey of 100 business applications.

Software prices went up 62 per cent on average over the past decade -- over three times faster than inflation, outpacing even rent and healthcare.

Some apps went up far more drastically, though even if you removed the ones whose price went up more than 200 per cent, the software still on average went up 42 per cent  -- or over double the average inflation rate. If you paid $9.99 a month for business software in 2009, there's a good chance you pay $16.18 for it today -- if not $19.78.

Of the hundred business apps surveyed, sixty-seven raised their prices an average of 98 per cent in the decade between 2009 and 2019. Only 14 lowered their rates an average of 28 per cent, and nineteen apps kept their prices the same. Notably, if the apps you used raised their prices, odds are their prices nearly doubled over the past decade. That's even more noticeable than if all your apps went up a few per cent.

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