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India Software as a Service (SaaS) Market Report to be Driven by Increasing Start-up Landscape and Rising Digitisation in the Forecast Period of 2021-2026

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India Software as a Service (SaaS) Market Report to be Driven by Increasing Start-up Landscape and Rising Digitisation in the Forecast Period of 2021-2026

July 20
15:48 2021
India Software as a Service (SaaS) Market Report to be Driven by Increasing Start-up Landscape and Rising Digitisation in the Forecast Period of 2021-2026

India Software as a Service (SaaS) Market Report and Forecast 2021-2026
India Software as a Service (SaaS) Market 2021-2026 | Size, Share, Demand, Key Players, Price, Trends, Growth, Analysis, Outlook, Report, Forecast | ExpertMarketResearch.com

The new report by Expert Market Research titled, ‘India Software as a Service (SaaS) Market Report and Forecast 2021-2026’, gives an in-depth analysis of the India Software as a Service (SaaS) Market, assessing the market based on its segments like development mode, application, end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

 

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

 

Request a free sample copy in PDF or view the report [email protected] https://www.expertmarketresearch.com/reports/india-software-as-a-service-saas-market/requestsample

 

The key highlights of the report include:

 

Market Overview (2016-2026):

 

  • Historical Market Size (2020): USD 3.5 Billion
  • Forecast CAGR (2021-2026):  27%
  • Forecast Market Size (2026): USD 15 Billion

 

With the increasing number of start-ups in India, the reliance on SaaS has increased. Moreover, increasing investments from key investors from investors across the globe are propelling the growth of the market. SaaS applications are cost-efficient, as they significantly reduce a business’s IT spending budget because they are typically hosted in a shared environment. These applications enable users to select their preferred delivery model and quickly adapt to changing business objectives. Developing technologies such as artificial intelligence, machine learning, natural language processing, and the Internet of Things are anticipated to empower the SaaS market and thus increases the rate of adoption.

 

Industry Definition and Major Segments

 

SaaS (Software as a Service) is a cloud computing term that refers to a method of delivering applications over the Internet. It provides an alternative to traditional software installation in the business environment, allowing users to build the server, install, and configure the application. With the widespread adoption of cloud computing, storing, and processing large amounts of data has become more accessible and more efficient.

 

Explore the full report with the table of [email protected] https://www.expertmarketresearch.com/reports/india-software-as-a-service-saas-market

 

By deployment mode, the market is divided into:

 

  • Public Cloud
  • Private Cloud
  • Hybrid

 

On the basis of application, the industry can be categorised into:

 

  • Customer Relationship Management (CRM)
  • Operations and Manufacturing
  • Enterprise Resource Planning (ERP)
  • Content Management Systems
  • Human Capital Management (HCM)
  • Supply Chain Management
  • Others

 

By deployment mode, the market is divided into:

 

  • SMEs
  • Medium and Large Enterprises

 

Based on end use, the industry is segmented into:

 

  • IT and Telecom
  • Manufacturing
  • BFSI
  • Healthcare
  • Retail
  • Education
  • Government
  • Others

 

Latest Global News on India Software as a Service (SaaS) [email protected] https://www.expertmarketresearch.com/pressrelease/india-software-as-a-service-saas-market

 

On the basis of regional markets, the industry is divided into:

 

1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others

 

Market Trends

 

With India’s burgeoning technology sector and rapid adoption of digital technologies, demand for SaaS products is increasing. Based on the end-use segment, the IT and telecom industry hold an accountable share is owing to increased internet users across the country and the telecommunications market’s growing subscriber base. While on the basis of organization size, the market is dominated by medium and large enterprises, as demand for SaaS solutions is significantly higher in this segment. SaaS solutions are required in medium and large enterprises for a variety of business applications, including office software, messaging software, payroll processing software, customer relationship management (CRM), database management system (DBMS) software, management software, and enterprise resource planning (ERP). As per NASSCOM data, India’s SaaS revenue reached US$3.5 billion in FY2020, with 75% of sales coming from international markets. The COVID-19 pandemic has accelerated enterprise cloud adoption significantly as businesses scramble to stay afloat. According to a November 2020 IDC survey, over 60% of organizations in India intend to leverage cloud platforms for digital innovation as they re-strategize their IT spending in response to the pandemic. Additionally, the survey revealed that the crisis enabled them to increase their spending on public cloud IaaS, PaaS, and SaaS solutions. These factors are bolstering the Indian SaaS market with a double-digit CAGR.

 

Key Market Players

 

The major players in the market are Infosys Limited, Microsoft Corp., Cisco Systems, Inc., Zoho Corporation, Wingify Software Pvt. Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

 

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

 

About Us:

 

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

 

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

 

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

 

Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

 

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

 

Also [email protected] https://expertmarketresearch-emr.blogspot.com/2021/06/india-software-as-a-service-saas-market.html

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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