Towards the Giant India SaaS Opportunity

Key highlights of ‘RIDING THE STORM- Towards the Giant India SaaS Opportunity | July 2020’ by Nasscom:

  • Indian SaaS Revenues at $3.5 Billion in FY2020, growing at 30% with global sales accounting for 75% of revenues
  • Chennai has emerged as the “SaaS capital” (generating $1+ billion in revenue) due to the presence of leading SaaS providers and academic institutions.
  • Indian SaaS industry has 1,000+ companies with 150+ companies generating an ARR > $1 million, with 6 SaaS unicorns
  • BFSI has the highest SaaS spend among industries
  • By 2025, $400 billion addressable global opportunity for SaaS
  • SaaS funding in India has grown at a CAGR 15% over the last 3 years
  • APIs to be the next growth driver in the SaaS era

By Parth Chhaparwal

Incoming Associate Consultant at Bain & Co.