By the end of 2022, 83 percent of the company’s work will be on the cloud—all due to the rapid expansion of SaaS. It also known as software as a service, SaaS companies supply their customers with software apps and services via a subscription model. In addition, several businesses have become cloud-enabled due to SaaS’s transformation of their physical IT infrastructure.
[lwptoc]How do SaaS Companies work?
A SaaS company provider offers web hosting services to enterprises to meet their specific business needs. Accounting, enterprise resource planning, communication, customer relationship management, and more are a few examples of the diverse variety of services provided by software as a service.
This app hosting service makes cloud-based infrastructure available to apps. Top SaaS benefits are:
- Monitoring incoming invoices and contract expiration dates.
- Data in a saas business model is accessible merely to the subscribed customers, so there is no chance of piracy.
- The SaaS model works 24/7, which means customers can access your site for subscriptions, etc., anytime they desire.
- Easy customization with daily updates.
Going by the graph, you can see how the growth of the software as a service has been relentless over the years.
Here’s a compilation of short data to assist you in accessing software as a service or SaaS statistics:
- The 2018 Gartner research describes how SaaS companies can produce over seventy billion dollars.
- Microsoft holds a market share of 18%, whereas Salesforce has a share of around 11%.
- Another Gartner report indicates that revenue from the SaaS market would grow by over a hundred billion dollars in 2021.
- The market for corporate mobile SaaS will grow by over seven billion this year.
There are 2 key reasons why the SaaS industry has grown exponentially.
SaaS Apps & Customer Success Management
SaaS products’ customer success management strategy is a significant factor in their increased adoption. To deliver effective customer service, SaaS management software providers concertedly analyze information regarding client requirements and data usage after membership.
SaaS Solutions Using Predictive Analysis
The second is predictive analysis & artificial intelligence features in the SaaS model. Here are some SaaS instances and use cases:
- SaaS management platforms assist with predicting churns for determining the value of every customer.
- SaaS software provides AI predictors for predicting key performance indicators (KPIs).
- The SaaS platform’s inbuilt AI uses purchase data and consumer demographics to forecast all in-app purchases.
The Evolution of SaaS Startups in India
India has witnessed an exponential surge in SaaS startups over the past few years. According to Nasscom, the SaaS solution industry was worth 407 million dollars in 2016 and has grown 3x by 2021.
B2B SaaS firms in India have penetrated numerous areas, including healthcare, eCommerce, BFSI, and others. Since then, Indian SaaS companies like Zoho and Freshworks have grown substantially.
15 Best SaaS Companies in India – Creating Landmarks
SaaS India list: Let’s look at the Top SaaS Companies in India in 2022. That Going Global also has proved its worth in the past & suggests a promising future. Here are the Top SaaS Companies in 2022 According to Our Data.
List of SaaS companies in India
1. VTION
VTION is a SaaS-based media tech firm that attempts to address critical issues in the media-based ecosystem. Additionally, VTION is capable of analyzing trends and customer behavior, as well as geographic and demographic tendencies. In addition, users can develop custom analytics views and filter data as needed. Furthermore, it has raised a total of ₹19.2M in funding over 1 round.
Founded in: 2016
Headquarter: APAC (Asia-Pacific)
Number of Employees: 250
Who is the CEO: Manoj Dawane & Shashank Mehta
Top-Selling Products: VTION
Customer Reach: India
2. Facilio
If we talk about the top-notch SaaS Companies in India That are Going Global. Facilio is a SaaS company that employs machine learning and the internet of things to assist organizations in streamlining their operations, sustainability, and maintenance.
It assists contemporary organizations by transforming conventional facility management into more intelligent, automated, and predictive facilities. It is an early-stage startup that has also obtained Rs—6.4 million in series A funding.
Founded in: 2017
Headquarter: East Coast, Greater Atlanta Area, Southern US
Number of Employees: Approx. 50
Who is the CEO: Krishnamoorthi Rangasamy, Rajavel Subramanian, Prabhu Ramachandran, and Yogendra Babu
Top-Selling Products: Facilio
Digital Presence: 1270 monthly page visits
Customer Reach: Global
3. Agile CRM
It is a leading sales, marketing, and CRM SaaS company that caters to the expansion requirements of small enterprises. Agile CRM is a comprehensive end-to-end CRM that enables small and medium-sized enterprises to manage all parts of their customer lifecycle from a single platform. It seeks to promote a sustainable and scalable expansion.
Founded On: May 1, 2012
Headquarter: Asia-Pacific (APAC)
Number of Employees: 250
Who is the CEO: Manohar Chapalamadugu
Top-Selling Products: Agile CRM
Digital Presence: 367,444 monthly web visitors
Customer Reach: US, UK, Australia
4. IBSFintech
It is one of the best SaaS Companies in India you should follow. IBSFintech is a SaaS supplier offering niche financial software and apps for managing treasury, foreign exchange, and corporate finances. It assists both large and small enterprises in leveraging the power of innovative financial solutions and managing funds effectively.
IBSFINtech, a SaaS-based company, manages an organization’s financial risks by providing quick insights. The SaaS tool also enables businesses to analyze and determine how to allocate their funds.
Founded in: 2007
Headquarter: Asia-Pacific (APAC)
Number of Employees: 11-50
Who is the CEO: Chandra Mohan Grover
Top-Selling Products: Treasury, Trade Finance
Digital Presence: 287 monthly web visitors
Customer Reach: Global
5. Playtonia
Playtonia is a SaaS company that provides an online gaming platform. Participants can register individually or as a team. They can win cash and merchandise as prizes. It provides a framework for massively multiplayer games such as Dota 2, CS:GO, and others.
Its SaaS-based platform enables you to compete with anybody, anywhere, at any time. Playtonia has also developed Game Certifications, an e-Sport Virtual Reality Academy, Gaming Incubation Cells, and E-sports Event Strategies.
Founded in: 2017
Headquarter: Chennai, India
Number of Employees: 50
Who is the CEO: Anshuman Pandey
Top-Selling Products: Playtonia
Digital Presence: 3000 monthly page visits
Customer Reach: Asia-Pacific region
6. Freshworks
If you are looking for the best SaaS Companies ranked by revenue then Freshworks is a perfect choice. It is a software service firm offering SaaS customer engagement solutions to organizations. Freshdesk, its flagship product, makes it easy for sales, marketing, and support professionals to communicate efficiently with clients to provide superior service.
Freshworks provides SaaS solutions to businesses of all sizes and engages with clients at each stage of their journey. More than 150,000 enterprises, including Zomato, Toshiba, Hugo Boss, and Cisco, employ its cloud-based suite.
Founded in: 2010
Headquarter: San Friscisco & Silicon Valley
Number of Employees: 2500
Who is the CEO: Girish Mathrubootham & Shan Krishnasamy
Digital Presence: 1,573,559 monthly web visitors
Top-Selling Products: Freshsales, Freshdesk, Freshconnect
Customer Reach: Global
7. Zoho
Zoho is one of the leading SaaS providers that offer a wide variety of business, collaboration, and productivity apps. It provides more than 33 products to assist with sales, marketing, collaboration, support, finance, and recruitment. It has over 20 million users globally.
Founded On: September 15th, 1996
Headquarter: San Francisco Bay area
Number of Employees: Approx. 5000
Who is the CEO: Sridhar Vembu
Top-Selling Products: Zoho People, Zoho CRM
Recent Acquisitions: ePoise on Mar 7th, 2019
Digital Presence: 39,676,653 monthly web visitors.
Customer Reach: Global
8. Hippo Video
If we talk about the highly-rated SaaS Companies, Hippo Video offers a video customer experience platform that enables organizations to communicate with the appropriate audiences via personalized videos. It significantly accelerates conversion rates. It has received 1.5 million dollars in seed capital and two rounds of funding to date.
ALSO SEE: Effective Tips for Cloud Cost Management on AWS
The global user base of Hippo Video is supported by KAE Capital and Surge Ahead. It combines machine learning and AI to assist businesses with video creation and analytics.
Founded On: 2016
Headquarter: East Coast, Greater Philadelphia Area, Southern US
Number of Employees: 50
Who is the CEO: Karthi Mariappan
Top-Selling Products: Hippo Video
Digital Presence: 190,650 monthly visitors
Customer Reach: Global
9. KlentySoft Inc
Next in our list of the best best SaaS Companies in the world is Klenty. It is a SaaS product that assists in boosting sales interaction. Users can configure automated follow-ups and send tailored emails. Klenty is software that enables Inside Sales teams to scale their outreach and follow-up procedures.
It automates the process of contacting prospective clients. In addition, Klenty is compatible with leading CRM apps and provides duplicate identification, email interaction metrics, prospects database, and A/B testing.
Founded On: 1st Feb 2015
Headquarter: Silicon Valley, San Francisco Bay Area, West Coast
Number of Employees: Less than 50
Who is the CEO: Vengat Krishnaraj, Praveen Kumar
Top-Selling Products: Klenty
Digital Presence: 60,000 site visits per month
Customer Reach: Global
10. Paperflite
Paperflite assists businesses in managing their material across departments to improve marketing efforts. In addition to helping inside sales and field sales teams in any organization with document organization, the company supports their efforts. Moreover, Paperflite has raised 400K dollars in round 1 of seed funding.
Founded in: 2016
Headquarter: Southern US, East coast
Number of Employees: 50
Who is the CEO: Vinoth Kumar & Anant Bhat, Yega Kumarappan
Top-Selling Products: Paperflite
Digital Presence: 18000 monthly page visits
Customer Reach: Global
11. Qubole
It is among the top SaaS Companies to work for. Qubole is a cloud-based service provider that provides essential data files with advanced analytics and machine learning. Their software is designed to process various data types, including semi-structured, structured, and unstructured data, allowing end users to activate data quickly.
After processing large amounts of data with Qubole’s software solutions, you can extract profound insights and construct AI apps.
Founded On: 2013
Headquarter: Santa Clara, California
Number of Employees: 350+
Who is the CEO: Ashish Thusoo
Top-Selling Products: Qubole Data Platform, Airflow & Quantom
Recent Acquisitions: NA
Digital Presence: Global
Customer Reach: Around 500 million emails per month
12. Capillary Technologies
Capillary Technologies supplies companies and retailers with an e-commerce and consumer engagement platform. In addition, this SaaS company’s Capillary Loyalty product offers management tools to assist businesses in transforming into successful online marketplaces.
Businesses can increase sales, customer engagement, and product reach by using this technology’s many marketing channels, such as mobile apps, social network features, and other marketing channels.
Founded On: 2008
Headquarter: Singapore
Number of Employees: Approx 900
Who is the CEO: Aneesh Reddy
Top-Selling Products: Omnichannel Retail Marketing Solutions, Capillary Smart Store, Omnichannel E-commerce Solutions
Digital Presence: Global
Customer Reach: 130,500 monthly web visitors
Recent Acquisitions: Sellerworx on October 4, 2016.
13. Chargebee
Well, Chargebee is one of the leading SaaS companies that provides reporting, analytics, and insightful insights for developing growth-based plans. In addition, it offers comprehensive financial analysis for assessing refunds, payments, and credit notes.
The PCI-compliant checkout with plug-and-play connectors maximizes subscription revenue and recurring payments.
Founded On: 2011
Headquarter: Chennai
Number of Employees: 350+
Who is the CEO: Krish Subramanian
Top-Selling Products: Deferred revenue reporting, billing automation & subscription management
Digital Presence: Global
Customer Reach: 5000 monthly web visitors
Recent Acquisitions: NA
14. HackerRank
Are you still seeking the best Indian SaaS Companies going global? Tech managers and recruiters rely on the SaaS company HackerRank to evaluate the developer skills of prospective employees. HackerRank’s software includes significant functional areas such as detailed reports, an automatic scoring system, code diff, and git history.
Its SaaS offerings are also used for data science, full stack, DevOps, forint, and back-end analysis. In addition, linting, multiple files, auto-complete, and debugging are supported.
Founded On: 2009
Headquarter: The US, California
Number of Employees: 150+
Who is the CEO: Vivek Ravisankar
Top-Selling Products: HackerRank Code Screen, Hacker Rank Insights, and HackerRank Code Pair
Digital Presence: Global
Customer Reach: Approx 1000 subscribers per month
Recent Acquisitions: Mimir on December 17, 2019.
15. Ziplr
Ziplr is a cloud-based social media marketing platform for conversion tracking and post scheduling in one location. The platform employs data analytics and data visualization to enhance brand recall, online branding, and the visual representation of customer data. You may also collect statistics regarding the spread of a website using Ziplr.
Founded On: 2015
Headquarter: Odisha
Number of Employees: Around 10
Who is the CEO: Saurabh Sudhir
Top-Selling Products: URL Shortening, Marketing/Data Analytics
Digital Presence: Global
Customer Reach: NA
Recent Acquisitions: NA
Final Words
The rise of SaaS companies has been phenomenal over the past few years, and their numbers will soar in the years to come. Several Indian SaaS businesses, such as Vtiger, Bevywise, and Capillary, have expanded internationally, and many more are on the horizon. It demonstrates that SaaS is the future of all business procedures.