
Search doesn’t respect borders. And you should know your buyers don’t either.
Someone in Brazil is reading your docs. A team in Germany is comparing your product. A founder in Southeast Asia is actively searching for a solution like yours. This demand already exists, whether you’re targeting it or not.
What’s surprising is how little of it is actually supported.
We looked at seven leading SaaS companies and compared where their organic traffic comes from and where their paid search budgets go.
The difference between the two points to a broader gap in how global demand is captured versus how budgets are deployed.
We’ll look at that gap more closely and see what shows up when you map traffic against spend, and what that means if you’re already getting global interest but not really doing much with it.
We didn’t set out to find “new markets.” We wanted to see where these companies are already getting pulled.
So we took seven SaaS companies, across different categories, and looked at how their demand actually breaks down, with Ahrefs data: Box, Databricks, Figma, HubSpot, Stripe, Twilio, and Zoom.
For each one, we mapped a few things:
Again, this is not a market expansion guide. You can look at it as a distribution study. Or, you can say it’s closer to you later looking at your pipeline and asking, “where are these people coming from?”
Because in most cases, companies aren’t starting from zero in new regions. They’re already getting inbounds, already getting traffic, already getting signals.
They’re just not set up to notice it, or act on it.
Note: All the data in this report comes from Ahrefs. We’ve used their organic keyword and traffic data (based on the “top location” field) along with paid keyword signals inferred from URL patterns. The numbers reflect a point-in-time snapshot, so think of them as directional rather than absolute.
Across all the seven companies, the aggregate picture is such:
You might feel it is a marginal skew, but it’s not. It is, what you call a fundamental mismatch.
This is where things get more concrete.
We mapped the top countries driving organic traffic for each brand and layered in whether paid campaigns are active in those same markets.
Here’s a quick way to read this:
India, Brazil, France, Japan, South Korea, aren’t edge markets. They show up consistently, often as top 3 or top 5 contributors.
This isn’t necessarily a mistake. In many cases, these markets may not yet be fully operational from a sales or support standpoint.
But it does tell you something important. The hard part, getting demand, is already happening. A little bit of nurturing it with localized content, hreflang, and market-specific CTAs could convert this latent organic reach into qualified international pipeline.
We looked at key non-US markets and checked where traffic is already coming in, but paid support is missing.
At first, several companies looked “global.” But that label hides an important distinction.
There’s a difference between:
Traffic is coming in from all over. As mentioned before, India shows up again and again. So do places like Brazil, Japan, and parts of Europe.
↑ = Organic traffic, no paid support
● = Paid active
In some cases, a single country becomes a major traffic driver out of nowhere, like Turkey for Zoom.
But when you look at paid, almost none of that is being supported.
So what you end up with is this:
India is the clearest example. It’s a top market for most of these companies, but hardly anyone is investing in it through paid.
Stripe is doing something different. They’re actually running campaigns in multiple countries, which lines up with how global their product is.
Everything else points to the same thing.
Once you look at the data this way, the companies cluster naturally based on how their demand is distributed.
Figma has the most distributed demand in this dataset by a wide margin.
India alone drives a disproportionate share of that demand, with other countries consistently contributing smaller but meaningful volumes.
What’s behind this scale:
Despite this reach, paid activity is almost entirely US-focused.
So most of Figma’s international growth isn’t being pushed. It’s happening on its own.
Zoom’s reach is global, but not evenly distributed.
One market stands out immediately.
What’s happening here:
Despite this, paid activity is almost entirely US-focused, largely around pricing and product pages.
So while demand is clearly global, investment is still centered on the US. And in many cases, it is focused more on expansion within existing markets than capturing new ones.
Databricks looks US-heavy at first glance, but there’s more happening underneath.
There’s a clear secondary layer of demand outside the US.
Where this traction comes from:
Paid investment, however, is entirely US-focused.
So while international demand is already there, especially from technical audiences, it’s not being actively supported or expanded.
Stripe’s footprint is still US-led, but it’s one of the few that actually follows through internationally.
The distribution is more even across markets.
What’s supporting this footprint:
Unlike the others, paid activity isn’t limited to the US.
So even if the share is smaller, there’s a clear effort to support international demand, not just rely on organic to carry it.
Twilio is heavily US-led, but there’s a clear layer of developer demand outside it.
The second layer is small, but visible.
What’s behind this spread:
Paid activity is entirely US-focused.
So even though developer demand shows up across multiple countries, it’s not being actively supported or expanded.
Box stands out for how concentrated it is.
There’s very little distribution outside the US.
What this points to:
Paid activity is almost entirely US-focused.
So while Japan shows real traction, everything else remains thin, and there’s very little infrastructure supporting international growth.
HubSpot is still deeply US-centric, but there are early signs of global demand.
International markets are present, but small.
What this tells us:
Paid investment, however, stays almost entirely in the US.
So while demand is starting to show up internationally, it’s not yet being actively captured or scaled.
Across these seven companies, the difference between local SEO vs paid search is easy to spot once you look at the data side by side. One brings in demand from multiple countries. The other is usually limited to where teams are actively spending.
Here’s what stands out.
This shows up across every company here.
Local SEO surfaces this. Paid search usually comes in later.
Not every site shows up globally for the same keywords. Figma's 4.3 average countries per keyword versus Box's 1.5 is the clearest signal of genuine international SEO strength
Local SEO builds that reach over time.
India is consistent and shows up as a meaningful organic market for 6 of the 7 brands
Brands that are not intentionally targeting Indian search intent are leaving significant organic pipeline on the table. This is one of the clearest gaps between local SEO vs paid search.
At some point, you need to get specific.
This is where local SEO and paid search start aligning.
You don’t always plan for where demand comes from.
Local SEO captures this early.
People searching your name in a country are not random. Take for example:
It usually means awareness is already there. It shows up before any real investment and is extremely useful for deciding where to go deeper.
Paid search tends to follow this, not lead it.
This is where the difference becomes practical.
That’s the tradeoff when you think about local SEO vs paid search.
Before you take anything away from this, it’s worth grounding how we approached it.
All the numbers here come from Ahrefs. So they’re estimates. It’s useful for direction, and not something to treat as exact.
What mattered more to us was the pattern.
Across all seven companies, organic reach goes far beyond where teams are actively investing. Paid stays concentrated. The gap between the two is consistent.
A few things to keep in mind as you read this:
So don’t get too caught up in the exact percentages. Use it to sense-check your own.
If there’s one thing we’d leave you with, it’s this. You’re probably already getting demand from markets you’re not paying attention to.
The question is…what would you do with it?
