Chennai, Tamil Nadu, India, Wednesday, June 06, 2012 -- (Business Wire India)
Helping people work online, Zoho, one of the pioneers in the global SaaS space, has made a foray into the Indian market, with its award-winning suite of business, productivity and collaboration products on the cloud. Zoho's focus is on providing cost effective solutions for small and medium businesses (SMBs) on the go. Large Enterprises, SMBs and Individual users across segments will now be able to compete effectively in the market place by using Zoho CRM, Zoho Sites, the Zoho Docs suite and the Zoho Mail suite.
According to a survey released by Zinnov Management Consulting, titled "Indian SMB ICT adoption insights" - small and midsize businesses (SMBs) in the country will grow at a compound annual growth rate (CAGR) of 15 percent by 2015, contributing US$15 billion or over one-third of India's overall IT spend.
The study noted that India is home to around 50 million SMBs, of which 10 million are technology-ready. This addressable market opportunity will increase to 11 million by 2015, it added.
A Gartner Report reveals that the global SaaS market is set to reach 14.5 Billion in 2012 and with 11.89 million broadband users today in India, Software-as-a-Service (SaaS) is transforming the way businesses function. With a do-it-yourself website builder - Zoho Sites; customer relationship management software - Zoho CRM; an online document management suite – Zoho Docs and a professional email service - Zoho Mail, Zoho is now ready to help put Indian SMBs on the map.
Speaking on the occasion, Mr. Raju Vegesna, Chief Evangelist, Zoho said, "We are excited to enter the burgeoning Indian SMB market and play a proactive role in helping companies "Work Online". As one of the first vendors to offer a comprehensive online office suite in India, the creation and development of every Zoho product is important, as it reinforces our commitment to the Indian SMB market. We hope to provide effective solutions across segments so that companies can concentrate on their core competence and leave their IT needs to us."
Zoho is a comprehensive suite of online productivity, collaboration and business applications for businesses of all sizes. Over eight million users rely on Zoho apps. Zoho's productivity and collaboration applications include Email Hosting, Document Management, Office Suite, Project Management and more alongside a host of business applications ranging from CRM and Campaign Management to Customer Support, Accounting and more. These applications are offered directly via Zoho.com or through hundreds of partners in the Zoho Alliance Partner Program. For more information about Zoho, please visit https://www.zoho.com/.
Zoho is a division of Zoho Corp., a privately-held and profitable company, which also provides IT Management Software (ManageEngine with over 70,000 customers) and a Network Management Suite (WebNMS with 25,000 Tier 1 carrier deployments). With U.S. headquarters in Pleasanton, CA and offices in Austin, Chennai, London, Tokyo and Beijing, Zoho Corp. serves the technology needs of millions of customers worldwide. For more information about Zoho Corp., please visit www.zohocorp.com.
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