India's SaaS story is no longer simply an extension of its IT-services legacy. Over the past decade, Indian-founded and India-based software companies have aggressively built products for customers around the world, creating a growing, dynamic ecosystem that spans horizontal software, vertical applications, developer tools, and increasingly, complex AI-enabled products. The size of this economic opportunity depends heavily on how “Indian SaaS” is fundamentally defined. Recent industry estimates place India’s SaaS revenue in the mid-teens of billions of dollars, although figures vary substantially depending on whether one measures pure-play cloud subscriptions or incorporates broader India-linked software revenues. What is far less disputed is the direction of travel. According to a 2024 forecast from 1Lattice and Sorin Investments, the Indian SaaS market could reach approximately $37 billion by 2028 , implying a remarkably high-growth trajectory. India's unique combinat...
India's SaaS story is no longer simply an extension of its IT-services legacy. Over the past decade, Indian-founded and India-based software companies have aggressively built products for customers around the world, creating a growing, dynamic ecosystem that spans horizontal software, vertical applications, developer tools, and increasingly, complex AI-enabled products. The size of this economic opportunity depends heavily on how “Indian SaaS” is fundamentally defined. Recent industry estimates place India’s SaaS revenue in the mid-teens of billions of dollars, although figures vary substantially depending on whether one measures pure-play cloud subscriptions or incorporates broader India-linked software revenues. What is far less disputed is the direction of travel. According to a 2024 forecast from 1Lattice and Sorin Investments, the Indian SaaS market could reach approximately $37 billion by 2028 , implying a remarkably high-growth trajectory. India's unique combinat...