Are Technology companies ready for Modernization with RPA and Zero-Trust
Are Technology companies ready for Modernization with RPA and Zero-Trust.
Are Technology companies ready for Modernization with RPA and Zero-Trust
Are Technology companies ready for Modernization with RPA and Zero-Trust
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The Indian Software as a Service (SaaS) landscape continues to mature rapidly, with more companies reaching larger scale and driving heightened investor interest. In 2021, more than 35 Indian SaaS companies had $20 Million+ annual recurring revenue - a sevenfold increase over five years -with between 7 and 9 of these companies reaching the $100M annual recurring revenue milestone (versus one to two companies five years ago). India could be on the cusp of unlocking a $1 trillion opportunity for Software-as-a-Service (SaaS) companies, creating nearly half a million new jobs by 2030, according to a report titled 'Shaping India’s SaaS Landscape' by #SaaSBOOMi. Vertical business software has seen 100% year-over-year growth, with several Indian success stories emerging. Growth is primarily driven by an increased number of deals for vertical business software and larger deal sizes for horizontal business software. A report says, software accounts for 20% of the total enterprise spending on technology but has a value creation of nearly 50%.
The #SaaS companies founded in India by the Indian founders, that have the majority of their workforce in India, are serving both domestic and global customers, which is $2.6 billion in size and employs about 40,000 people, is expected to record a 20X revenue jump by 2030. The narrative goes beyond this mammoth opportunity. This ‘20X jump’, which will generate $50-70 billion in revenue, is merely 6 percent of the global SaaS market —reflecting the untapped size of the pie and the huge window of opportunity that lies ahead for the SaaS industry. The Indian SaaS ecosystem will be one of the biggest value creation opportunities that we are going to see in the decade ahead of us. It is touted to grow at a CAGR of 18%. The Indian SaaS landscape is maturing rapidly, with the number of SaaS firms doubling and 60+ SaaS firms
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Transforming business process with redesigned operational processes and RPA
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Tatwa Technologies digitally transforms customer experience with implementation of #RPA
A.K.Mohanty, MD - #TatwaTechnologies
Tatwa Technologies digitally transforms customer experience with implementation of RPA
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By achieving a growth rate of 31% in 2021, the RPA market grew well above the average worldwide software market growth rate of 16%. Organizations are leveraging RPA to accelerate business process automation initiatives and digital transformation plans, linking their legacy nightmares to their digital dreams to improve operational efficiency.
Although growing at a slower pace than previous years, Gartner expects worldwide RPA software sales to increase at 17.5% year over year through 2023. RPA mimics transaction steps within a process or workflow including data manipulation, passing data to and from applications, triggering responses and/or executing transactions. RPA relies on a combination of user interface interaction and descriptor technologies that overlay on one or more applications.
RPA companies are rapidly evolving to provide a wider set of larger automation platforms. Organizations will look to increase their spending on RPA software solutions because they still have a lot of repetitive, manual work that through automation could free up employees’ time to focus on more strategic work. RPA and other intelligent automation technologies rely heavily on Artificial Intelligence.
AI is an extremely important component of intelligent automation because it helps drive data-driven decision-making and via machine learning it can start to extract and categorize emails, customer applications which include structured and unstructured text for example.
Secondly, Competitive RPA vendors and many software vendors are pushing beyond a traditional single technology-focused offering to a more advanced suite of tools that encompasses low-code application platforms, process mining, task mining, decision modelling, iPaaS, computer vision, and IDP capabilities on top of their existing RPA offering. This makes them poised to offer an all-encompassing hyper-automation-enabling technology platform.
Gartner predicts that through 2024, the
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