Artificial Intelligence Impact, Leading a Major Transformation in the SaaS Industry

Wall Street has re-evaluated services called software. After Anthropic PBC released Claude Code Security, security-related stocks declined. Investors responded, expecting AI to break market categories and impact existing value, just as it has throughout the year. This affected multiple companies, including CrowdStrike Holdings Inc. and Cloudflare Inc.

The recently disclosed total of $285 billion in the “SaaSpocalypse” indicates that this is not merely destruction but a reclassification event. TheCUBE Research partner Raphaëlle d’Ornano provided an in-depth analysis of the essence of SaaSpocalypse and reinterpreted corporate strategic positioning amid market chaos.

One such case is Figma Inc., which has suffered heavy losses in recent months. In theory, Figma’s valuation plummeted from $70 billion to $12 billion, ultimately being seen as a growth story disrupted by AI, but in reality, it is nothing more than a reshuffle.

Figma’s new approach to interaction through open-structured AI orchestration has revealed its potential anew. The release of “Code to Canvas” is not just a feature update but signifies structural growth. It goes beyond simple UI expansion, connecting software design with complex networks within production systems, opening the door to delivering post-encapsulation value. Therefore, Figma is positioning itself as a cross-departmental public design system, not just a design tool.

Ultimately, the market is time to reassess companies that enhance system centrality through efficient path density. In the AI era, the importance lies in complex networks such as system context and inter-agent collaboration, rather than abstract functions. This is not just a visual difference but subtle structural distinctions. SaaSpocalypse is a filtering process for re-evaluation, not chaos; it is setting new standards for future tech markets.