The Indian software revolution is underway, and it represents a historic $100 billion opportunity that global investors can’t afford to miss! At GIA, we’re thrilled to see SaaSBoomi’s (Now BoomiAI) latest projections highlighting India’s transformation from service provider to product innovator.
What is the news?
- India’s domestic software market is projected to grow from the current $20 billion to a staggering $100 billion by 2035, according to SaaSBoomi’s annual report.
- This 5x growth will be powered by AI-led developments in automation, cost-effective solutions, expanding SMB adoption, and deepening government digital initiatives.
Why is it interesting?
- With nearly 75% of the current market dominated by global players, the next decade demands a different playbook—one where Indian startups build India-oriented solutions with stronger product-market fit and value-driven innovation.
- We’re witnessing the emergence of vertical SaaS solutions targeting uniquely Indian challenges, and according to the SaaSBoomi report, growing enterprise AI and cloud adoption is expected to contribute $35 billion in market expansion, while cybersecurity could grow to $10 billion by 2035.
As SaaSBoomi CEO Avinash Raghava aptly put it, “The opportunity in our domestic market is vast and untapped. For Indian SaaS firms, success will depend on their ability to build localized solutions that scale globally, leveraging AI and vertical SaaS to tackle challenges that are uniquely Indian”.
At GIA, we’re committed to being the bridge connecting innovative Indian SaaS startups with global opportunities and expertise.
Read more: Indian software market to touch $100B by 2035: SaaSBoomi