Indian SaaS industry can hit $1 Trillion in value and create 5 lakh jobs by 2030

Indian SaaS industry can hit $1 Trillion in value and create 5 lakh jobs by 2030

The study ‘Shaping India’s SaaS landscape’ by SaaSBOOMi in association with McKinsey reported

India’s Software as a Service (SaaS) industry is dominated by startups

SaaS companies in India collectively generate about $2-3 billion annually

They have the potential to generate $50-70 billion annually by 2030

Indian SaaS providers may capture 4-6 per cent of the global market by 2030

As per the study, the global SaaS market is expected to cross $500 billion in revenue by 2025

Today, the Indian SaaS sector has come of age with nearly 1,000 funded startups with 10 unicorns