Indian SaaS Sector to Earn $10bn; Value to Exceed $50bn in Ten Years

The Indian SaaS sector is projected to grow sixteen-fold over the next decade and boast multiple billion-dollar-revenue businesses, collectively valued at over $50bn, says a joint report from Google and Accel Partners. The report, released on Friday, projects Indian cloud start-ups raising the Software-as-a-Service sector’s annual revenues in India as high as $10 billion. That's roughly 8% of the projected $132-billion global demand, [...]