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	2023 has been the Year of AI and Efficiency showcasing India’s Thriving SaaS ecosystem, which continues to be a hub for global category leaders. Bessemer Venture Partners, recently released its flagship ‘The Rise of SaaS in India’ report, analyzing India’s Software-as-a-Service (SaaS) market. The report forecasts an impressive growth trajectory for the Indian SaaS industry, projected to reach $50 billion by 2030, and Indian SaaS centaurs and unicorns will generate revenues of $20-$25 billion by	Technology has always held the power of shaping jobs, economies, industries, and lives. And the banking sector is not privy to it. History is evidence that those who leveraged technology as early adopters at the right time continued to play an active role rather than perish. The banking system of the world and India are strong believers in it.


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