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India Boasts The Next Big Thing In Tech
Description
India is Asia’s third-largest economy, and it’s now preparing for a new generation of software companies like Zoom ($ZM@US) and Slack. The pandemic has forced businesses to invest in digital infrastructure, which has furthered the influence of software-as-a-service companies. Businesses spent an extra $15 billion per week on tech last year as remote working environments were more formally established. According to recent reports, India’s SaaS industry could be worth $1 trillion in value by 2030 and create nearly half a million new jobs. There are almost 1,000 such companies in India, 10 of which are startups worth at least $1 billion.
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Keywords & tags
#finance
#covid
#COVID-19
#Coronavirus
#business
#pandemic
#tech
#big tech
#Unemployment
#employment
#employees
#economic recovery
#Software-as-a-Service
#SaaS
#Zoom
#staffing
#India
#ZM
#Slack
#Next Big Thing in Tech
#software companies
#digital infrastructure
#remote working
#working from home
#SaaS industry
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