Comment by willtemperley

I think there may be other factors killing SaaS, particularly data sovereignty.

"According to IDC’s Future Enterprise Resiliency and Spending Survey from June 2025, 45% of all organizations and 56% of “digital natives” cited data sovereignty and potential cloud changes as their greatest concern for 2026."

https://www.veeam.com/blog/saas-data-sovereignty-microsoft-3...