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The India software as a service (SaaS) market stood at a value of around USD 7.18 billion in 2024. The market is further anticipated to grow at a CAGR of 27.3% in the forecast period of 2025-2034 to attain USD 62.93 billion by 2034.
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Based on end use sector, the IT and telecom industry accounts for a significant share in the SaaS industry. The growth can be attributed to the increased usage of internet across the country and the growing subscriber base in the telecommunications market. This has been propelling the demand for SaaS for software licensing in the IT and telecom industry. Over the forecast period, the increasing penetration of smartphones and the low data cost are likely to bolster the usage of cloud computing in India, which, in turn, is expected to augment the growth of the overall market. The multitenant architecture of SaaS, which means that a single version of SaaS solution can be used for all customers, is likely to enhance the scalability and popularity of SaaS solutions in India.
On the basis of organisation size, the medium and large enterprises account for a significant share in the market, as the demand for SaaS solutions is significantly high from this segment. In medium and large enterprises, SaaS solutions are required for several business applications, such as office software, messaging software, payroll processing software, customer relationship management (CRM), DBMS software, management software, and enterprise resource planning (ERP), among others. Meanwhile, the growth of SMEs in India has been significant and is likely to flourish in the forecast period. This is likely to bolster the demand for SaaS in SMEs too in the forecast period, thus, aiding the industry growth.
Software as a service is a model of software delivery in which a particular software is licensed on a subscription basis and is centrally hosted. Through SaaS, any data can be accessed from any device with a stable internet connection and a web browser. BigCommerce, Google Apps, Salesforce, Dropbox, Mailchimp, and ZenDesk, among others are some examples of SaaS.
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On the basis of deployment, the market is divided into:
The various applications of the product include:
Based on organisation size, the market is bifurcated into:
The various end use sectors of the product include:
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The technological advancements and innovations in order to boost business productivity, along with the growing number of internet users, have been driving the growth of the software as a service market in India. These advancements include the penetration of artificial intelligence, adoption of cloud computing, and others. Further, the growing adoption of remote work and work from home models and the increasing reliance on technology amidst the COVID-19 pandemic have caused a surge in IT spending by various industries. This is likely to be a key trend fostering the growth of the India SaaS industry in the forecast period.
The report gives a detailed analysis of the following key players in the India software as a service (SaaS) market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Deployment |
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| Breakup by Application |
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| Breakup by Organisation Size |
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| Breakup by End Use Sector |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2024, the India software as a service (SaaS) market attained a value of nearly USD 7.18 billion.
The market is projected to grow at a CAGR of 27.3% between 2025 and 2034.
The major market drivers include the increasing internet penetration, the growing subscriber base in the telecommunications sector, the surging adoption of smartphones, and the growing trend of remote work.
Technological advancements and innovations, the rising number of internet users, the growing adoption of cloud computing, and increasing IT spending by enterprises are the key trends guiding the market growth.
The various segments based on deployment of SaaS considered in the market report are public cloud, private cloud, and hybrid.
The major applications of software as a service (SaaS) are customer relationship management (CRM), operations and manufacturing, enterprise resource planning (ERP), content management systems, human capital management (HCM), and supply chain management, among others.
The significant organisation sizes considered in the market report are SMEs and medium and large enterprises.
The several end-use sectors of software as a service (SaaS) are IT and telecom, manufacturing, BFSI, healthcare, retail, education, and government, among others.
The major players in the market are Infosys Limited, Microsoft Corp., Cisco Systems, Inc., Zoho Corporation, and Wingify Software Pvt. Ltd, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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