{"id":127904,"date":"2021-09-20T22:22:18","date_gmt":"2021-09-21T05:22:18","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2021\/09\/indias-got-the-next-big-thing-in-tech-and-it-could-be-worth-1-trillion"},"modified":"2021-09-20T22:22:18","modified_gmt":"2021-09-21T05:22:18","slug":"indias-got-the-next-big-thing-in-tech-and-it-could-be-worth-1-trillion","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2021\/09\/indias-got-the-next-big-thing-in-tech-and-it-could-be-worth-1-trillion","title":{"rendered":"India\u2019s got the next big thing in tech, and it could be worth $1 trillion"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/indias-got-the-next-big-thing-in-tech-and-it-could-be-worth-1-trillion2.jpg\"><\/a><\/p>\n<p>Of India\u2019s 10 SaaS unicorns, six reached that milestone in 2,020 and investors around the world are paying attention. Last year, investors pumped $1.5 billion into Indian SaaS companies, four times more than in 2018 or 2,019 according to the SaaSBoomi report.<\/p>\n<hr>\n<p>More than two decades ago, India began its transformation into a global IT powerhouse, ushering in an era of wealth and job creation never before seen in the country.<\/p>\n<p>Now, Asia\u2019s third largest economy is ready for the next big frontier in tech: Coming up with a new generation of software companies like Zoom or Slack.<\/p>\n<p>The Covid-19 pandemic has forced business around the world to make huge investments in digital infrastructure, furthering the influence of companies providing software-as-a-service, or SaaS. Businesses spent an extra $15 billion per week last year on tech as they scrambled to create safe remote working environments, <a href=\"https:\/\/home.kpmg\/cn\/en\/home\/news-media\/press-releases\/2020\/09\/covid-19-forces-one-of-the-biggest-surges-in-technology-investment-in-history.html\" target=\"_blank\">according to a KPMG survey<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Of India\u2019s 10 SaaS unicorns, six reached that milestone in 2,020 and investors around the world are paying attention. Last year, investors pumped $1.5 billion into Indian SaaS companies, four times more than in 2018 or 2,019 according to the SaaSBoomi report. More than two decades ago, India began its transformation into a global IT [\u2026]<\/p>\n","protected":false},"author":417,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,43,39],"tags":[],"class_list":["post-127904","post","type-post","status-publish","format-standard","hentry","category-biotech-medical","category-business","category-economics"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/127904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/417"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=127904"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/127904\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=127904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=127904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=127904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}