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Indian SaaS firms to have 8% of world market, get $35 bn in revenue: Study

Most Indian investors expect to increase, maintain capital allocation to sector

SAAS, saas companies

The Indian SaaS ecosystem has not only caught up to its global counterparts but has now become a global leader behind only the US in scale and maturity.

BS Reporter Bengaluru
Indian companies will command 8 per cent of the global Software as a Service (SaaS) market by 2027 as they generate $35 billion in annual recurring revenue (ARR), said a report on Wednesday.

Indian SaaS companies are growing 20–25 per cent annually despite market headwinds, according to Bain & Company’s ‘India SaaS Report 2022--Remaining steady through turbulence’.

Indian companies’ ARR of $12–$13 billion formed 5 per cent of the global SaaS market in 2022, increasing four-fold in five years. India’s SaaS ecosystem has become a global leader, behind only the US in scale and maturity.

Arpan Sheth, partner at Bain

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First Published: Jan 24 2023 | 7:46 PM IST

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