What is SaaS(software as a service) and why this is growing in India.

What is SaaS( software as a service)

 Basically SaaS is a modal of providing software services,in this modal  service provider provides service through internet. for example. google work-space,adobe creative cloud etc.

Features of SaaS - 

• SaaS services can be rented from software providers.It also includes technical support provided by the software service provider
• This service is provided on payment of a fixed price.
• Under this, the software can be shared across multiple devices.

SaaS sector in India

• India has the world's third largest SaaS ecosystem after the United States and China.It is expected that by 2026 it will be the second largest system in India.

• How fast it is growing in India can be gauged from the fact that in 2018 there was only one SaaS, which has now increased to 18

Reasons why SaaS is growing,in India

• increase in smartphone use.
• Digitisation of financial services.
• Increase in work from home trend due to pandemic.
• digitisation of small,medium and micro industry's

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