Top 10 SaaS Companies - 2020

The Software-as-a-Service (SaaS) market in India verged to a massive shift from on-site to the cloud platform. SaaS in the country had been pushed towards digital adoption for market-ready as 75 percent of the demand for Indian SaaS products come from foreign lands. A recent report by the Brain & Company, on Tuesday, December 1, 2020, stated that SaaS companies established by the Indian entrepreneurs are likely to reach USD 18-20 billion in revenue, with the potential to capture a 7-9 percent share of the global SaaS market by 2022. Accelerating this, community-driven events like SaaSBooMi are excellent methods of expanding the SaaS culture and scope. The government’s structural interventions, which include the efforts of reduction for bureaucratic friction in the legalities, and taxation, are some of the ways for stimulating this sector which is growing fast. One of the main reasons why startups are opting for SaaS is that it is granting a regular flow of finances through a subscription-based revenue model. This assures a stable business. Neither declining, or not overflowing, the acquisition of new customers is a constant for the businesses around, and they are witnessing a uniform increase in their revenue because of the subscription from the existing as well as incoming customers. It is relating to the positive customer-business interactions happening every day, with future business growth indication. In this issue of the CEO Insights magazine, we present a list of ‘Top 10 SaaS Companies - 2020’, featuring the excellent SaaS services provided by the companies for readers in search. The listing is prepared by a team of veteran software engineers, top-notch industry professionals, CEOs, and VCs, and the siliconindia editorial board.