New Delhi: With a surge in the adoption of Cloud-based services in India, Software-as-a-Service (SaaS) is one area that is growing faster that ever before. According to a top Oracle India executive, this is because businesses — from large to small — have realised that SaaS solutions are scalable, agile and secure.
SaaS will be the biggest Cloud market and will double to $75 billion by 2020 globally, says Gartner. In India, the SaaS business grew at the rate of 33 per cent (year-on-year) in 2017.
“We believe that SaaS will actually meet burgeoning customer expectations in India as well as globally. We have witnessed the shift in customer mindset, primarily because of the benefits that some of the early starters have managed to achieve by implementing and rolling out SaaS-based applications,” Prasad Rai, Vice President — Applications at Oracle, said.
“Initially, customers used to have apprehensions about SaaS solutions, but today organisations across sectors are open to considering business applications to meet their expectations,” Rai added.
According to the International Data Corporation (IDC), the SaaS segment holds nearly 69 per cent of overall Public Cloud market share globally.
From the largest firms to start-ups, everyone is looking at Cloud or at least at the Cloud-first approach.
“There are two reasons for that. One is that organisations can get their applications up and running much faster than in the past; and second is that businesses have realised that SaaS solutions are scalable, agile, extremely secure and are available all the time,” Rai noted.
SaaS is perhaps a decade-old market in India and initially catered to overseas clients before Indian enterprises realised the need to adopt Cloud-based services.
“We had Cloud-based solutions about 10 years ago. Over these years, SaaS solutions have matured and early adopters have started witnessing the benefits. This has resulted in more and more companies across the spectrum joining the journey towards the Cloud,” Rai emphasised.
“If you look at the R&D spend of several major software original equipment manufacturers (OEMs) in the world, you will see that a majority of their R&D spend now is focused on the Cloud,” he added. — IANS
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