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Indian SaaS industry revenue can grow 6-fold to $13-15 bn by 2025: Report

India's software as a service (SaaS) revenue has reached $3.5 billion as of financial year 2020 with compounded annual growth rate of 30 per cent and 75 per cent of it came from global sales.

Investors look for next winners in SaaS, line up with millions of dollars

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Electronics and IT Secretary Ajay Prakash Sawhney during the launch of the report asked IT companies to compete with global software products as well as create some differences.

Press Trust of India New Delhi

3 min read Last Updated : Jul 23 2020 | 9:43 PM IST

Indian IT companies providing software as a service have the potential to grow their revenue by six fold to $13-15 billion by 2025, a report said on Thursday.

According to the joint report by industry body Nasscom, Sassbhoomi and Zinnov, India's software as a service (SaaS) revenue has reached $3.5 billion as of financial year 2020 with compounded annual growth rate of 30 per cent and 75 per cent of it came from global sales.

"It is estimated that by 2025, the global addressable market for SaaS will be around $400 billion. By 2025, the pure-play India SaaS industry, currently at $2.5

Topics : SaaS industry Indian IT firms Nasscom IT companies Digital services

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