India SaaS adopts ‘Act East policy’ as firms find huge potential in Southeast Asia
The report also predicts that Indian SaaS companies will collectively reach $35 billion in Annual Recurring Revenue (ARR) and capture 8% of the global SaaS market in the next five years.
As SaaS firms increasingly find the product market fit with customers in India, the industry is now looking at the neighbouring regions particularly Southeast Asia for further scale-up. The size of the SaaS market in Southeast Asia is projected to be $3.4 billion in 2027, with a Compound Annual…