India's tech industry worth $1 trillion?
According to the research, india has over a thousand such firms, ten of which are unicorns, or startups valued at least $1 billion.India began its transition into a worldwide IT powerhouse more than two decades ago, ushering in a period of unprecedented riches and employment growth in the country.
Now, Asia's third-largest economy is poised to embark on the next great technological challenge: creating a new generation of software businesses similar to Zoom or Slack.
The Covid-19 epidemic has compelled businesses all over the world to invest heavily in wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital infrastructure, bolstering the dominance of software-as-a-service (SaaS) providers. According to a KPMG poll, businesses spent an extra $15 billion per week on technology last year as they rushed to establish secure remote working environments.
According to recent research prepared by consulting company McKinsey & Co. and SaaSBoomi, a community of industry experts, India's software-as-a-service sector may be worth $1 trillion by 2030 and create almost half a million new employment.
SaaS businesses provide web-based apps that take care of everything from software security to performance. Zoom (ZM), SAP Concur, and Salesforce (CRM), the American juggernaut that owns workplace messaging software Slack, are among the most well-known SaaS firms in the world.
Now, Asia's third-largest economy is poised to embark on the next great technological challenge: creating a new generation of software businesses similar to Zoom or Slack.
The Covid-19 epidemic has compelled businesses all over the world to invest heavily in wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital infrastructure, bolstering the dominance of software-as-a-service (SaaS) providers. According to a KPMG poll, businesses spent an extra $15 billion per week on technology last year as they rushed to establish secure remote working environments.
According to recent research prepared by consulting company McKinsey & Co. and SaaSBoomi, a community of industry experts, India's software-as-a-service sector may be worth $1 trillion by 2030 and create almost half a million new employment.
SaaS businesses provide web-based apps that take care of everything from software security to performance. Zoom (ZM), SAP Concur, and Salesforce (CRM), the American juggernaut that owns workplace messaging software Slack, are among the most well-known SaaS firms in the world.