AT YOUR SERVICE
India's SaaS market is likely to surpass $50 billion in annual recurring revenue by 2030; combination of AI and Gen AI offers a big growth opportunity
VC investments have slowed in the past two years due to a shift towards fundamental evaluations over market share and Al-driven solutions. But, stakeholders say investments are rising
VCs are increasingly selective, investing in SaaS companies that leverage AI and have robust business models, while seed investments remain active
Faster Gen AI integration in SaaS will open up new opportunities, propelling the sector towards real-world problem-solving with advanced AI
FOR MANY BUSINESSES hit hard during the pandemic, SaaS was the knight in shining armour. SaaS, which stands for software-as-a-service, cloud-based with its infrastructure has revolutionised business operations in the past few years.
According to a report by Bessemer Venture Partners, a venture capital firm specialising in technology-led companies, India's SaaS market is on course to surpass $50 billion in annual recurring revenue (ARR)-projected earnings by way of subscriptions by 2030.
SaaS represents a form of cloud computing where companies offer clients access to application software while managing all underlying physical and software resources. This model not only streamlines operations but also reduces costs and increases scaleability for businesses. How is it different from plain-vanilla software? The simplest explanation is that instead of buying a software solution upfront and running it on premises, a business buys a subscription, which allows them to run the software on the cloud, where all the computing takes place. All that the client needs is a front-end, which could be just a browser.
This story is from the 1st September 2024 edition of Business Today India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the 1st September 2024 edition of Business Today India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
The EV Craze
The country’s growing luxury car market is seeing a shift with environmentally-conscious consumers betting on electric vehicles as a sustainable travel option. Though just 6%, the share of EVs in the luxury segment is rising rapidly
The Storage Boom
Data centres are being built at a frenetic pace in india as companies scramble to meet the ballooning demand from mobile phone users and firms adopting al. Can the country’s energy infrastructure keep up?
India Beckons
Owing to rising incomes in India and overall wealth expansion, luxury brands are wooing the country like never before
The Pearls of The Sea
Caviar, that rare food, is considered the epitome of fine dining. Here is everything that you need to know about it
66.Brand persona should define the core"
I’d say this was a strategic pivot. We had an iconic brand, but had, over time, evolved into diversified lines of businesses that could no longer be represented within the confines of our ‘name’.
Unwind in Style
Here is acomprehensive list of top tech picks that help you unwind by blending perfection in performance with luxury
A Lifelong Affair with Inspiration
In my art journey, the diversity of my acquisitions mirrored the expanding horizons of my understanding of art
Make it Bubbly
Champagne is much more than just a symbol of celebration and success. Know about its nuances beyond the bubbles
Palatial Splendour
Buoyed by renewed demand, sales of the glitzy mansions of the ultra-rich are surging like never before. Real estate majors are looking to capitalise on this by launching luxury offerings in record numbers
Of Beaches and Cream
GianChand Single Malt Whisky