Till the latest trends in SaaS applications took over recently, most enterprise applications were housed in on-site data centers and SaaS security was not a major imperative, as the onus of protecting the data was on the operation, but IT infrastructure security knew what, where and how to protect the data.
As per the reports from Bain and Company, the revenue of Indian SaaS Startups will reach $4.5 billion by 2021.
Bain also predicts that the SaaS start-ups in India will capture a 7%-9% share of the global SaaS market by 2022.
Back in 2005, since the moment John Koenig coined the term 'SaaS', Software as a Service this industry has been growing by leaps and bound.
As per Research and Markets, the global SaaS market will grow up to $272.49 billion by the end of 2021, reaching $436.9 billion by 2025. Similarly, Gartner's estimates that the global SaaS market will touch $278.3 billion by end of 2021.
Cloud computing is not a new-fangled term but rather has been around the corner since 1950. Over the years, it has gained the potential strength to come to the mainframe and dominate the rest.
Earlier,
VR headsets are a growth enabler as they offer a wide range of immersive and “real world” experiences. The global VR headset market size valuation in 2020 was at USD 7.81 billion and may show a CAGR of 28.2% from 2021 to 2028.
AR and VR are futuristic technologies that enterprises are incorporating to overhaul their processes and harbor the potential to foster sustainable practices, which help reduce carbon footprints.
