Decoding Cornerstone VC's $200 Mn Investment Thesis For The B2B Tech Market
India, May 23 -- India is rapidly emerging as a global leader in the SaaS (software as a service) market, second only to the US in scale and maturity. According to a report by Bessemer Venture Partners, the Indian SaaS market is projected to reach $50 Bn of annual recurring revenue by 2030. However, the market may get bigger and better as tech enhancements and multiple integrations, including large-scale cloud adoption, GenAI incorporation and cybersecurity features, will propel the next phase of SaaS growth.
A March 2024 report by McKinsey and SaaSBoomi estimates that the industry landscape will quickly evolve from SaaS as we know it to AI.SaaS, is a transformational shift that will simplify workflows and help develop a wide range of in...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.