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What Is SaaS?

What Is SaaS?

The study by CII and EY, titled India: The next global SaaS capital cited India is home to about 100-plus unicorns and is rapidly emerging as a hub for SaaS start-ups.

SaaS:

  • Software as a service (or SaaS) is a way of delivering applications over the Internet—as service ( freeing up the need of installing and maintaining software).
  • It is also called Web-based Software.
  • India now has 18 SaaS unicorns with the country being the third largest SaaS ecosystem globally, after the USA and China.
  • By 2025, the Indian SaaS market will become 7 to 10% of the global SaaS market (from the current 2-4% presently)

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