Indian SaaS industry is gearing up to move onto global platforms

With digital transformation boosting enterprise tech intensity, Indian software-as-a-service players have gained immensely

The recent listing of software-as-a-service (SaaS) player Freshworks on Nasdaq may have hit the headlines, but the Indian SaaS story is much older and the industry is gearing up to move onto global platforms.

A recent report by SaaSBOOMi (Asia’s largest SaaS community), McKinsey & Company, and Nasscom concluded that India could well be on the cusp of unlocking a $1 trillion opportunity. The global SaaS market is expected to cross $500 billion in revenues by 2025, growing at 18-20 per cent a year, and to reach $1.3 trillion by 2030.

But the question is, why is the Indian SaaS