CIOTechOutlook >> Magazine >> February - 2016 issue
Indian Market is Moving Away from On-premise to SaaS Model
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The rise in adoption of cloud and emerging technologies has resulted in increased demand for software. The India software market is expected to reach $5.3 billion in 2016, according to Gartner. Software-as-a-service (SaaS) is growing seven times faster than on premises application software. India is both a technology leader and early adopter of many new technology offerings. SaaS and cloud computing are being embraced by this technology savvy region and are projected by many to be the future. Business software applications that provide vertically focused solutions and business analytics are expected to most influence the current trend. With the acceptance of cloud computing companies like Google, eBay, and Amazon.com, Indian IT buyers and business executives have become comfortable using the web for personal transactions, and are moving to manage their businesses on the web as well.''Organizations in India seeking IT outsourcing services are increasingly turning to public cloud services as an alternative to traditional ITO offerings,” said Ed Anderson, Research Vice President at Gartner. “In fact, cloud services are not only being used for low-value or transient workloads but also increasingly for production workloads, including some mission-critical initiatives.” Public cloud services revenue is driven by high growth rates in key market segments, such as cloud infrastructure as a service (IaaS), cloud management and security services, and software as a service (SaaS). Sid Nag, Research Director at Gartner had said: “The explosive growth of IaaS and SaaS in the India market is an indication that enterprises in India are moving away from building their own on premises infrastructure, as well as migrating from the traditional software licensing model, to a SaaS model served up by cloud providers.
In this issue, CIOReview presents to you 20 Most Promising SaaS Solution Providers who have successfully helped businesses with their innovative, flexible and scalable offerings. These companies pride themselves on keeping pace with the latest advancements in cloud technology. We hope this issue gives you helpful insight into the current SaaS market landscape.
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