Page 30 - 20 Futuristic Startups In India 2021

EXPERT’S VOICE

5 MAJOR

SAAS

TRENDS

TO CHECK

OUT IN

2021

Author’s Bio he software industry has witnessed a
complete revolution, thanks to the rapid
progress in cloud computing technolo-
gies. Purchasing software is now history,
VIKAS BHONSLE as customers today can easily subscribe
to a particular SaaS (Software as a
CHIEF EXECUTIVE OFFICER (CEO) Service) and scale it up or down as per
Ttheir requirement.

SaaS product development services are accelerating the
cloud computing market. Gartner predicts that cloud
spending in India will total $4.4 billion in 2021, a growth
of 31.4% in 2021 from the previous year.

Popularity for SaaS
SaaS business model is preferable because of a few
fundamental factors that apply universally. Flexible
payment options and scalability are the top two factors,
as it helps businesses decide their priorities and also
subscribe only to the required services. In the SaaS
model, operational expenses reduce as both computing
and storage demands are largely taken care of by the
SaaS provider. Also, software gets constantly updated
and improvised, as the user behaviour is analysed round
the clock, and accordingly, the features are updated for
better performance. Currently, the biggest advantage
of the SaaS model has been its ease-in-accessibility
factor. Since lockdown several businesses have adopted
the SAAS model thus enabling the mobility of accessing
applications from any digital device and location, making
it mobile-friendly and decentralised.

30| Thecorporatereview.com | India | Vol. 2 | Issue 6 | June 2021