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Domestic SaaS space has potential to become $1 trn opportunity by 2030: Rpt

The report - Shaping India's SaaS Landscape - highlights that there are nearly 1,000 funded SaaS companies in India, of which 10 have unicorn status

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Of the $3 trillion global enterprise IT and communications spending market, software, including SaaS, constituted $600 billion in 2020,

Samreen Ahmad Bengaluru

3 min read Last Updated : Jul 08 2021 | 11:09 AM IST

The Indian SaaS (Software-as-a-Service) community is maturing and has the potential to become a $1 trillion opportunity over the next 10 years, according to a report.

The report - Shaping India’s SaaS Landscape - highlights that there are nearly 1,000 funded SaaS companies in India, of which 10 have unicorn status and are generating about $2-3 billion in revenues while employing 40,000 people. The report has been released by SaaSBoomi, a community of SaaS founders and builders, alongside McKinsey & Co and Nasscom.

The Coronavirus (Covid-19) crisis has created a push towards SaaS, with companies across the spectrum moving to online and

Topics : SaaS industry Software as a Service information technology

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