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Will Indian Companies Software-as-a-Services Grow at 20 - 25% Annual Growth Rate by 2027.
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The Indian companies"Software-as-a-Services" industry is expected to grow at an annual growth rate of 20 - 25% over the next 5 years.
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Bain & Company projects that there will be approximately $35 billion in annual recurring revenue by 2027
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By then Indian companies will have about 8% of global SaaS market.
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These figures are taken from the Indian SaaS Report 2022.
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The combined ARR of Indian SaaS companies has increased to 12 to 13 billion dollars in the last 5 years, this is the figure for 2022.
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Investment increased 6 times to 5 billion dollars in the same period 2022.
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It was told that despite the current adverse conditions, the Indian SaaS company has continued to grow and is only behind the US.
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It said that in the year 2022, the investment of SaaS in the country increased by about 20% year on year.
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Nearly 65% of enterprise software decision makers expect to increase their software budgets by 2023.
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