It’s amazing how technology permeates all parts of our life in multifarious forms. From WhatsApp to Facebook and Instagram, we use several apps on a daily basis without even realizing how much technology we use. Well, professional life is the next level of this story. On a broader canvas, every industry is starting to use technology at an unparalleled pace. Thanks to the ease of adoption of the latest technologies. As a result, new businesses are mushrooming across different marketplaces at a remarkable pace. We owe a lot to technologies becoming more plug & play, more driven by the cloud, and simpler to use. They make it easier to test ideas and move on faster if it fails.

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.