“For the upcoming budget 2022, the government should formulate a policy that focuses on indigenization in high priority technology areas, especially in the SaaS market. As digital transformation and cloud computing gain ground, SaaS has also rapidly become the software-delivery model of choice for enterprises. SaaS subscription-based model opens numerous opportunities across enterprises, and the Indian market is well-positioned to lead the space. Indian SaaS companies are building a talent pool of professionals with SaaS-relevant skills, also powering investors’ interest. Within the overall Indian SaaS landscape, enterprise collaboration, tech events, conversational artificial intelligence, and human resources tech – continue to drive investments and interest as businesses look for solutions in a post-pandemic world. The government should recognize the potential SaaS holds for increased contribution to the GDP by restructuring the IT function within the public and private enterprises. This can help streamline processes, build engagement, and deliver overall effectiveness and efficiencies. SaaS adoption is expected to grow across technologies and enterprises, and the industry could reach $1 trillion by 2030. We at Netcore Cloud remain positive on the tech-driven growth opportunities in the country and look forward to some favorable measures from the center.”
– Kalpit Jain, Group CEO at Netcore Cloud
