---
title: "凱莉·埃文斯：軟件正在接受考驗"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/274844016.md"
description: "軟件即服務（SaaS）行業在過去十五年中蓬勃發展，但現在面臨着未來可行性的不確定性。SaaS 的增長與私募股權和信貸密切相關，因為它們被穩定的訂閲收入所吸引。然而，隨着新冠疫情後的利率上升以及像 Claude 這樣的人工智能軟件的出現，這一格局受到衝擊，關於哪些公司能夠生存下去的問題浮出水面"
datetime: "2026-02-04T16:31:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/274844016.md)
  - [en](https://longbridge.com/en/news/274844016.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/274844016.md)
---

# 凱莉·埃文斯：軟件正在接受考驗

It's true that the world was overly flooded with "software-as-a-service" companies over the past fifteen years. The question now, is who survives. The rise of "Saas" was also intertwined with the rise of private equity and private credit. These buyers loved the predictability of subscription service revenue streams. Until the double punch of soaring interest rates post-Covid, plus the arrival of software AI like Claude, has now upended that...

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