• According to a research firm Forrester, the global cloud computing market is expected to grow from a $40.7 billion market in 2011 to $241 billion in 2020. With regard to India, the market for cloud computing services is projected to grow at a CAGR of over 22 percent during 2015-2020. With increasing number of Small and medium businesses in India, SaaS market segment offers a huge opportunity for SaaS vendors as well as businesses. In addition, one of the key technologies that is critical to fulfilling the promise of Digital India is cloud computing. The demand for SaaS also intensifies due to other fundamental drivers like the BYOD (bring your own device) strategy, IoT, Enterprise Mobility and distributed workforce. Small and medium-sized businesses (SMBs) are drastically improving return on investment (ROI) as a result of implementing SaaS solutions for finance and accounting related work, e-commerce, customer relationship management (CRM) , human capital management (HCM) and among other business applications. For successful SaaS achievement, an accurate understanding of fundamentals such as renewal rates, customer payback periods and margin profiles is also essential. To assist enterprises in addressing challenges during deployment and usage of SaaS applications, apart from enabling them choosing most relevant and suitable SaaS Solutions, CIOReview has come up with a list of “20 Most Promising SaaS Solution Providers in India”. A distinguished panel of CEOs, CIOs, Industry analysts and CIOReview’s editorial team has scrutinized various companies before finalising the names of ‘20 Most promising SaaS Solution Providers in India’.