Indian SaaS segment set for quantum leap

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thehansindia.comA report by Google reveals that the country’s Software as a Service (SaaS) sector is expected to touch $50 billion in 10 years from the present $3 billion

Here is good news for all those Indian software companies who are working in the area of Software as a Service (SaaS). A recent study by Google and Accel Partners has revealed that the country’s SaaS segment whose size is currently pegged at $3 billion is expected to reach a whopping $50 billion mark in ten years time or by the year 2025.

SaaS is a software distribution model in which applications are hosted by a service provider (vendor) and made available to customers over the internet and licensed on a subscription basis. As on-demand software, customers avail the service using a web browser for business applications spanning diverse verticals. The service helps enterprises to reduce IT support costs by outsourcing its software and hardware maintenance to its vendors.

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