EY-Nasscom Report: 99% of Indian B2B SaaS Firms Embrace Deep-Tech Innovation

A recent report by EY-Nasscom has found that 99% of Indian B2B SaaS firms are embracing deep-tech innovation. The report, titled “DeepTech Potential in Indian B2B SaaS”, found that Indian SaaS firms are increasingly using deep-tech solutions to address the challenges faced by their customers.

The report defines deep tech as “technologies that are based on scientific advances and have the potential to disrupt existing industries”. Some of the deep-tech solutions that are being used by Indian SaaS firms include artificial intelligence (AI), machine learning (ML), natural language processing (NLP), and blockchain.

The report found that Indian SaaS firms are using deep-tech solutions to improve customer experience, automate tasks, and make better decisions. For example, AI-powered chatbots are being used to provide customer support, ML is being used to predict customer churn, and NLP is being used to extract insights from customer data.

The report also found that Indian SaaS firms are collaborating with academic institutions and research labs to develop deep-tech solutions. This collaboration is helping to accelerate the development of deep-tech solutions and to make them more accessible to businesses.

The report concludes that deep-tech innovation is playing a key role in the growth of the Indian B2B SaaS market. The report predicts that the market will grow at a CAGR of 22% to reach $100 billion by 2025.

The report is a positive development for the Indian economy. It shows that Indian businesses are embracing innovation and are using technology to solve the challenges they face. The report also shows that India is well-positioned to become a global leader in the B2B SaaS market.