Indian software-as-a-service (SaaS) companies are on track to control 8 percent of the global SaaS market and generate US$35 billion in annual recurring revenue (ARR) by 2027, a report by consultancy firm Bain & Company noted.
"Indian Software as Service companies are poised to command 8 per cent of the global SaaS market, generating US$ 35 billion in annual recurring revenue (ARR) by 2027, growing at 20-25 per cent per annum," the report said.
