Friday, 24 March, 2023

Indian SaaS sector could have a revenue of $75bn by 2025

<p>Chiratae Ventures and consulting firm Zinnov, in a report, said that India&rsquo;s SaaS market has the potential to reach revenue of $75bn by 2025. It can also create a market capitalization of over $1.3 tril and take over 19% of the global software market. The report suggests that even if the CAGR of 51% is maintained the revenues could reach $42 bn by 2025. The employment could grow to 260,000 by 2025. The industry is expected to cross the $1 tril mark by the end of the decade.</p>