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IT Making Things Possible, Faster
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Sujith Vasudevan, Managing Editor, 0
It’s not a secret that the pandemic has been a tailwind to cloud adoption, either. In fact, many businesses were thrown into unprecedented predicaments and unexpectedly had an opportunity to reassess how they communicate within the organization and bank on their mission-critical technology applications. Most of them migrated to the cloud to ensure that the delivery is resilient and consistent and the deliverables maintain a high level of quality. According to the reports by NASSCOM and Gartner, the end-user spending on public cloud in India is likely to reach $7–$7.5 billion in 2022, growing 29.3 percent from 2021.
The technology services companies have played a significant role in enabling this migration across the industries. The Indian software-as-a-service (SaaS) industry has made the most of this favorable ecosystem. India is currently home to 17 SaaS unicorns, with the entry of companies like PostMan, MindTickle, Browserstack, and many others. Indian SaaS companies, in particular, are making a global impact. It is reported that the SaaS revenue is growing 20 percent every year globally and is expected to reach $300 billion by 2024. It’s inevitably the epoch of the IT services providers.
The technology services companies have played a significant role in enabling this migration across the industries. The Indian software-as-a-service (SaaS) industry has made the most of this favorable ecosystem. India is currently home to 17 SaaS unicorns, with the entry of companies like PostMan, MindTickle, Browserstack, and many others. Indian SaaS companies, in particular, are making a global impact. It is reported that the SaaS revenue is growing 20 percent every year globally and is expected to reach $300 billion by 2024. It’s inevitably the epoch of the IT services providers.