Friday, 24 March, 2023

Indian SaaS firms to clock $18-20 bn revenues by 2022: Bain & Company

<p>The revenues of Indian software product companies are expected to touch $18-$20 bn by 2022, around 7-9% of the global SaaS market, according to a report from Bain &amp; Company. The number of Indian SaaS companies, in the last five years, had doubled to around 7,000-8,000, of which over 1,200 have raised funding. These SaaS companies, having 70% of its revenues from overseas markets, is driving investment activity as funding grew by 60% to $1.3 bn between 2016 -19.</p>