The continuous covid waves and rising cases of deaths have affected the Indian economy. However, the trends of the IT industry are very interesting to notice. Even though the IT sector went through cost-cutting sessions there has been a steep increase in their contribution to the GDP. The rate increased from 1.2% in 1998 to 8% in 2020. In the same year i.e. 2020, India was considered as the top location for sourcing of IT-BPM industries.
The Economic Times, in a recent article has discovered the immense potential of Indian SaaS in the growth of the IT Sector. McKinsey and SaaSBoomi expect that the industry will be worth 1 trillion dollars within the next decade. Along with IoT and AI the SaaS market has already received an investment of 1.5 billion dollars.
The biggest factor the Indian SaaS market is on the rise is the low hiring costs and an ample number of developers in the field. Even though they do not match up to the standards of Silicon Valley, Indian IT is surely promoting a SaaS environment. And, maybe it is time you try it out for yourself with StepOut!
StepOut is one of a kind SaaS tool that helps entrepreneurs and freelancers alike. At StepOut we call our tool the digital/smart manager. It aids you in every step of your business venture by managing your online sessions, streamlining your monetary transactions, and managing your client lists.
You can simply create your profile and manage the business on the go. StepOut stands out among all other business tools as we charge no commissions for the use of our tool. Also, the signup is free!
With changing times it is very important to keep up with the trends. And especially if you are in the business and struggling with your campaigns. We aim to provide you with the best of experiences and wish to see you grow along with us!