India poised to become next global SaaS capital, says EY-CII study

The Indian software-as-a-services (SaaS) market is expected to grow multi-fold by 2025, accounting for almost 7 to 10 per cent of the global market from 2 to 4 per cent currently, said a report. 

According to a study by EY and CII titled “India: The next global SaaS capital”, India is poised to become the next SaaS capital over the next few years, mainly driven by small and medium businesses with a focus on large enterprises.

The report also stated that according to industry estimates, the market is expected to reach $20-25 billion by 2025 from $4-7 billion in 2020.