#IndianSaaSfirms #CJI #Covishield
The growing Indian SaaS firms
The Indian SaaS space has the potential to create $1 trillion in value and nearly five lakh jobs by 2030, as businesses around the world accelerate digitization and automation, A new study says. There are more than a thousand funded startups and 10 unicorns in the country’s SaaS sector, generating as much as $3 billion in annual subscription revenues, according to a report of SaaSBoomi. The report further says, the industry, which currently employs 40,000 workers, could generate annual revenues of as much as $70 billion by 2030 and win as much as 6% of the global market. However, many startups face challenges in accessing capital during their early stages and attracting skilled talent to grow. The industry may need to boost funding at three to four times the current level to reach their potential over the next 10 years.
Despite the challenges, “India has an exciting opportunity to propel itself on to the world stage as a SaaS force to be reckoned with. SaaS and software accounted for $600 billion of the $3 trillion in global enterprise IT and communications spending last year. The industry is growing at an 8% annual rate, twice the pace of the overall IT market. Covid-19 has created a further push toward SaaS, with six Indian SaaS unicorns created during the pandemic. The report highlights, more than 1,000 SaaS companies are operating in India as of now and more than 150 SaaS start-ups have $1 million in ARR (Annual Recurring Revenue), with this the global SaaS market will grow at a pace of 18-20% each year, with more than $500 billion in revenue by 2025.
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#IndianSaaSfirms #CJI #Covishield
The growing Indian SaaS firms
The Indian SaaS space has the potential to create $1 trillion in value and nearly five lakh jobs by 2030, as businesses around the world accelerate digitization and automation, A new study says. There are more than a thousand funded startups and 10 unicorns in the country’s SaaS sector, generating as much as $3 billion in annual subscription revenues, according to a report of SaaSBoomi. The report further says, the industry, which currently employs 40,000 workers, could generate annual revenues of as much as $70 billion by 2030 and win as much as 6% of the global market. However, many startups face challenges in accessing capital during their early stages and attracting skilled talent to grow. The industry may need to boost funding at three to four times the current level to reach their potential over the next 10 years.
Despite the challenges, “India has an exciting opportunity to propel itself on to the world stage as a SaaS force to be reckoned with. SaaS and software accounted for $600 billion of the $3 trillion in global enterprise IT and communications spending last year. The industry is growing at an 8% annual rate, twice the pace of the overall IT market. Covid-19 has created a further push toward SaaS, with six Indian SaaS unicorns created during the pandemic. The report highlights, more than 1,000 SaaS companies are operating in India as of now and more than 150 SaaS start-ups have $1 million in ARR (Annual Recurring Revenue), with this the global SaaS market will grow at a pace of 18-20% each year, with more than $500 billion in revenue by 2025.
Today's Headline in NewsHours
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2:06 Threat to human rights is highest in police stations, says #CJI Ramana
2:41 Better protection with #Covishield - #Covaxin combination, says #ICMR
3:16 #Pegasus is just the tip of the #iceberg
4:02 #GST avoidance by the E-c
Technology video | 185 views
Customers utilise the #SaaSPlatform to get fresh insights from enormous amounts of different data, including historical and contemporary data. This technology is appropriate for running algorithms and analysing vast amounts of data to discover meaningful links, entities, and insights. Secondly, consumers in India estimate 60% of their interactions with businesses to take place online.
Additionally, 71% of Indians expect companies to accelerate digital initiatives. As the world quickly moves to a cloud-based environment, there is increased adoption of SaaS in the market. Top Indian companies include ZoHo, Freshworks, PostMan, Uniphore, LeadSquared and are already in the Unicorn club.
Going forward, there are few more SaaS companies who are expected to turn unicorns soon including #CleverTap, FarEye, Kissflow, Loginext and Yellow.ai and others in the race.
SaaS #startups in India have still managed to attract meaningful funding. As per a recent report, SaaS was the second-ranked segment in terms of the number of funding during H1 2022 with more than 90 Indian SaaS startups mopping up $1.76 billion. Indian SaaS startups have traditionally been more capital-efficient than their global counterparts, as per the report of Saas Bhoomi.
As hybrid work environments are the norm now, and B2B buyer preferences have moved to a digital-first approach irrevocably. A major driver of this growth has been the secular trend towards digitalization triggered by the pandemic. SaaS now comprises $600 billion of the $3 trillion global enterprise IT and communications spending market, and is expected to be worth $1.3 trillion by 2030.
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India’s Foreign Trade Policy 2023 sees $2 trillion exports by 2030 #shortsvideo
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As #India aims for US $1 trillion in merchandise #exports by 2030, emerging #Products from various sectors can play a huge role in developing #manufacturing & export capabilities.
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India Achieving USD 1 Trillion Merchandise Exports by 2030
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India’s Internet Economy | $1 Trillion by 2030 | Digital Revolution | VARINDIA News Hour
India’s journey to a $1-trillion consumer internet economy has been a unique story of multiple internet sectors such as e-tailing, e-health, food tech, online mobility, and quick commerce, coming together to create a strong foundation for a consumption-led growth engine. The ongoing journey from digital-first to digital-forward was a result of multiple internet sectors having shown strong momentum post-COVID, as per RedSeer. Investors are recognising India’s golden opportunity without a second thought. In 2021, more than $40 billion of funding and 42 new unicorns were born. This is primarily because the country’s economy is becoming more skill-based and services-oriented, so more jobs are being created for skilled workers, which in turn is a major draw for investors. It has been fueled by a mix of burgeoning internet penetration rates, access to high-speed internet, and rising demand for online shopping and digital content consumption. India is home to an extremely distinct, heterogeneous population
base with varying social needs.
The report noted that applications prioritising vernacularity of language, verticalized super apps, and an omnichannel approach are increasingly allowing the third cohort to join the digital mainstream. India’s new digital revolution is further enabled by the growing tech adoption in the business to business space and an expanding and maturing internet consumer base. What is also noteworthy is that key internet economies, namely e-tail, eHealth, FoodTech, Online Mobility, and Billpay and Recharge, which had experienced a sharp downward spiral during COVID re-emerged much stronger. Additionally, the rise of tech adoption in the B2B space is bolstering India's new digital revolution. The report expressed immense optimism about India's growth, stating that the SaaS market size, which stood at about $3.5 billion in FY2
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India’s internet industry expected to reach $5 Trillion valuation by 2030 #shorts
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The purpose of this channel is not to support or encourage underage drinking but to provide knowledge of the products we consume. This channel does not promote or sell any alcoholic product. The purpose of this channel is to strictly entertain and inform people about products available on the market. We are strictly against underage drinking and do not support it.
About The Channel:-
If you love homestyle cocktails, reviews of Alcohol, Drink knowledge, Bartending and many more then this channel is for you. India is the biggest alcohol consumer in th
Cooking video | 1278 views
भारत में पहला BAR कौन सा है? Which is the First BAR in India? Do you know?
#firstbar #Indiasfirstbar #bar #cocktailsindia
Check out my Podcast - 'Dada Bartender Podcast' https://open.spotify.com/show/0ub0ll4SUUWwHDo5qk5Nb5?si=7b3ac81e1c194caf
Please follow me on Instagram: https://www.instagram.com/cocktailsindia2016/
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For Business / Suggestion: sponsor.cocktailsindia@gmail.com
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My Camera - Canon EOS 200D II - Link To Purchase - https://amzn.to/3ZXuNQD
My Best Camera - Sony A7 3 - https://amzn.to/3ZjAkAJ
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My Lens Setup - Canon EF50MM F/1.8 STM Lens - https://amzn.to/41CEeX4
My Audio Setup - Zoom H1n Handy Recorder - https://amzn.to/3mudhFa
Home Bar Accessories - https://amzn.to/3LedEOv
Glassware - https://amzn.to/3KRPSrf
Ice mould - https://amzn.to/3EWlecr
Disclaimer:
The purpose of this channel is not to support or encourage underage drinking but to provide knowledge of the products we consume. This channel does not promote or sell any alcoholic product. The purpose of this channel is to strictly entertain and inform people about products available on the market. We are strictly against underage drinking and do not support it.
About The Channel:-
If you love homestyle cocktails, reviews of Alcohol, Drink knowledge, Bartending and many more then this channel is for you. India is the biggest alcohol consumer in the world. We buy and consume more whiskey in the world than anyone else. This channel helps give information about your favorite drink. How to make fantastic cocktails at ho
Cooking video | 1172 views
एक Wine की बोतल की सेल्फ लाइफ क्या होती है? What is the shelf-life of a bottle of wine?
#wine #Wineshelflife #cocktailsindia #dadabartender
Join Our Bartending School The Spirit Vidyalaya, Call us on 7558204535
Check out our website - www.cocktailsindia.com
Check out my Podcast - 'Dada Bartender Podcast' https://open.spotify.com/show/0ub0ll4SUUWwHDo5qk5Nb5?si=7b3ac81e1c194caf
Please follow me on Instagram: https://www.instagram.com/cocktailsindia2016/
Instagram (2): www.instagram.com/dada.bartender
Please follow me on Facebook: https://www.facebook.com/profile.php?id=100092566239501&mibextid=LQQJ4d
For Business / Suggestion: dada@cocktailsindia.com
sponsor.cocktailsindia@gmail.com
Affiliate Link
********************************************************************
My Camera - Canon EOS 200D II - Link To Purchase - https://amzn.to/3ZXuNQD
My Best Camera - Sony A7 3 - https://amzn.to/3ZjAkAJ
My Sound - GODOX MoveLink M2 - https://amzn.to/3JcqaMJ
My Light setup - GODOX LC500R RGB LED Light Stick - https://amzn.to/3SQmu6P
My Lens Setup - Sigma 18-35mm f/1.8 DC for Canon - https://amzn.to/3ZDqbyD
My Lens Setup - Canon EF50MM F/1.8 STM Lens - https://amzn.to/41CEeX4
My Audio Setup - Zoom H1n Handy Recorder - https://amzn.to/3mudhFa
Home Bar Accessories - https://amzn.to/3LedEOv
Glassware - https://amzn.to/3KRPSrf
Ice mould - https://amzn.to/3EWlecr
Disclaimer:
The purpose of this channel is not to support or encourage underage drinking but to provide knowledge of the products we consume. This channel does not promote or sell any alcoholic product. The purpose of this channel is to strictly entertain and inform people about products available on the market. We are strictly against underage drinking and do not support it.
About The Channel:-
If you love homestyle cocktails, reviews of Alcohol, Drink kn
Cooking video | 1239 views