How SaaS Platforms Are Becoming Backbone Of Manufacturing Industry

With the quest to make India a 5 trillion dollar economy, sectors like Textile, FMCG, Consumer Durables, and Metal are in the spotlight with an expectation of unprecedented growth. Let's take the example of the FMCG sector. Revenues from the FMCG industry hit USD 52.75 billion in 2018 and are expected to grow up to USD 103.7 billion by 2020. With this growth trajectory - usage of a technology solution is inevitable to "reduce time, reduce space and increase social interaction.", as Kishor Biyani says on the expectations from any technology tool.

Technology has not been a legacy for these sectors - as their expertise lies in the core manufacturing and distribution operation.

SaaS is rapidly changing the way organizations do things. A recent report by NASSCOM predicted that the SaaS market in India will reach $3.4 billion by 2022. The market is expanding at a consistent pace of 36 percent every year in the country.

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