• SaaS is a software distribution model in which a cloud provider hosts applications and makes them available to end users over the internet. For examples, it includes services provided by Google Workspace, Adobe Creative Cloud, Github etc.
• Key features of SaaS: o It is rented from a software vendor who also provides technical support. o It is provided on a subscription basis. o The software can be accessed on multiple devices.
• India is the 3rd largest SaaS ecosystem globally, after the USA and China. India presently has 18 SaaS unicorns.