# SaaS companies

By [JohnieWaitkus](https://paragraph.com/@madein3) · 2022-07-22

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SaaS companies provide web-based applications that take care of everything from how secure the software is to how well it performs. Some of the world's most well-known SaaS companies include Zoom ([ZM](https://money.cnn.com/quote/quote.html?symb=ZM&source=story_quote_link)), SAP Concur and Salesforce ([CRM](https://money.cnn.com/quote/quote.html?symb=CRM&source=story_quote_link)), the American behemoth that owns [workplace messaging app Slack](https://edition.cnn.com/2020/12/01/tech/saleforce-buys-slack/index.html).

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India's software-as-a-service industry could be worth $1 trillion in value by 2030 and create nearly half a million new jobs, according to a [recent report](https://saasboomi.com/press-release/shaping-the-saas-landscape-a-us1-trillion-opportunity-for-indias-startups/) compiled by consulting firm McKinsey & Co. and SaaSBoomi, a community of industry leaders.

There are nearly a thousand such companies in India, of which 10 are unicorns, or startups worth at least $1 billion, the report said.

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*Originally published on [JohnieWaitkus](https://paragraph.com/@madein3/saas-companies)*