ISVs in the Cloud Age: Seizing Opportunities with SaaS and Beyond

Terms of use

Terms of Use

The use of this site and the content contained therein is governed by the Terms of Use. When you use this site you acknowledge that you have read the Terms of Use and that you accept and will be bound by the terms hereof and such terms as may be modified from time to time.

All text, graphics, audio, design and other works on the site are the copyrighted works of nasscom unless otherwise indicated. All rights reserved.
Content on the site is for personal use only and may be downloaded provided the material is kept intact and there is no violation of the copyrights, trademarks, and other proprietary rights. Any alteration of the material or use of the material contained in the site for any other purpose is a violation of the copyright of nasscom and / or its affiliates or associates or of its third-party information providers. This material cannot be copied, reproduced, republished, uploaded, posted, transmitted or distributed in any way for non-personal use without obtaining the prior permission from nasscom.
The nasscom Members login is for the reference of only registered nasscom Member Companies.
nasscom reserves the right to modify the terms of use of any service without any liability. nasscom reserves the right to take all measures necessary to prevent access to any service or termination of service if the terms of use are not complied with or are contravened or there is any violation of copyright, trademark or other proprietary right.
From time to time nasscom may supplement these terms of use with additional terms pertaining to specific content (additional terms). Such additional terms are hereby incorporated by reference into these Terms of Use.

Disclaimer

The Company information provided on the nasscom web site is as per data collected by companies. nasscom is not liable on the authenticity of such data.
nasscom has exercised due diligence in checking the correctness and authenticity of the information contained in the site, but nasscom or any of its affiliates or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this site. The information from or through this site is provided "as is" and all warranties express or implied of any kind, regarding any matter pertaining to any service or channel, including without limitation the implied warranties of merchantability, fitness for a particular purpose, and non-infringement are disclaimed. nasscom and its affiliates and associates shall not be liable, at any time, for any failure of performance, error, omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communications line failure, theft or destruction or unauthorised access to, alteration of, or use of information contained on the site. No representations, warranties or guarantees whatsoever are made as to the accuracy, adequacy, reliability, completeness, suitability or applicability of the information to a particular situation.
nasscom or its affiliates or associates or its employees do not provide any judgments or warranty in respect of the authenticity or correctness of the content of other services or sites to which links are provided. A link to another service or site is not an endorsement of any products or services on such site or the site.
The content provided is for information purposes alone and does not substitute for specific advice whether investment, legal, taxation or otherwise. nasscom disclaims all liability for damages caused by use of content on the site.
All responsibility and liability for any damages caused by downloading of any data is disclaimed.
nasscom reserves the right to modify, suspend / cancel, or discontinue any or all sections, or service at any time without notice.

For any grievances under the Information Technology Act 2000, please get in touch with Grievance Officer, Mr. Anirban Mandal at data-query@nasscom.in.

New

See all

No notification found.

ISVs in the Cloud Age: Seizing Opportunities with SaaS and Beyond

GlobalLogic

@GlobalLogic

January 17, 2024

Cloud Computing

ISVs in the Cloud Age: Seizing Opportunities with SaaS and Beyond

Independent Software Vendors (ISVs), in the ever-evolving landscape of technology, find themselves at the forefront of innovation in the Cloud Age. The rapid expansion of cloud computing has opened up new horizons, creating a plethora of opportunities for ISVs to explore and excel in the Software as a Service (SaaS) realm and beyond. This dynamic shift has revolutionized the way software solutions are developed, delivered, and embraced by businesses and consumers alike.

The Flexera 2023 State of the Cloud Report highlights how managing cloud spend has now taken precedence over security as the top concern for organizations, primarily due to the current global economic volatility in 2023. This shift emphasizes the critical need to implement forecasting and cost optimization through FinOps practices. Additionally, a persistent challenge for organizations is the lack of resources and expertise in cloud management. On the other hand, optimizing cloud usage remains the leading cloud initiative for the seventh consecutive year as the organizations prioritize maximizing existing cloud usage to achieve cost savings, followed closely by migrating more workloads to the cloud.

Furthermore, amidst this transformative era, ISVs have an unprecedented opportunity to capitalize on the growing demand for cloud-based services. By aligning their offerings with the latest trends and customer needs, ISVs can position themselves as key players in the Cloud Age and embrace a future of innovation and growth.

Unleashing the SaaS Wave

One of the most prominent cloud computing models, Software as a Service (SaaS), has been gaining remarkable traction in recent years. According to McKinsey, even non-tech businesses seeking rapid growth potential are advised to consider shifting to a SaaS model. This recommendation is rooted in the success of over 100 public SaaS companies in the United States, generating revenues exceeding $100 million, and boasting a top quartile growth rate surpassing 40%. For ISVs lacking experience in this realm, the absence of SaaS expertise can prove to be a significant disadvantage.

Building the Future through Cloud-Native

In the realm of cloud computing, another major trend that is rapidly reshaping the landscape is the paradigm shift toward cloud-native development. This revolutionary approach involves crafting applications explicitly tailored for deployment and scaling in cloud environments. Unlike traditional applications, cloud-native applications are meticulously designed with scalability, resiliency, and flexibility as their guiding principles, fully harnessing the potential of cloud platforms.

Cloud-native development entails a distinct approach to architecture, design, and deployment. It embraces cutting-edge technologies such as containerization, microservices, and DevOps practices. These elements combine to facilitate faster development cycles, effortless scalability, and enhanced resiliency, allowing applications to thrive in the dynamic cloud ecosystem. As the chorus of success stories grows, savvy ISVs are investing in upskilling their development teams, embracing new technologies, and adopting agile methodologies to deliver cloud-native applications that surpass the evolving demands of their discerning customers.

Cloud-Driven Finance Transformation

While cloud adoption has been widespread across various industries, highly regulated sectors such as financial services have faced obstacles in embracing public cloud services. However, the landscape is changing with the emergence of public cloud offerings specifically designed for hosting financial services. Businesses across financial services are now exploring hybrid solutions that combine private and public cloud usage. The public cloud provides scalability, cost-efficiency, and access to a wide range of services, while private clouds offer enhanced security and control. This adoption of hybrid cloud architectures presents an opportunity for ISVs serving the financial sector.

ISVs can now develop cloud-based or even cloud-native solutions that address the unique needs of financial customers. With the backing of secure and compliant public cloud offerings, ISVs can overcome traditional barriers and provide innovative software solutions that empower financial businesses to thrive in a rapidly evolving digital landscape.

In this age of digital transformation, ISVs are presented with immense opportunities to leverage the power of cloud technology. As cloud adoption continues to surge and SaaS models and cloud-native development gain momentum, it becomes imperative for ISVs to equip themselves with the necessary expertise to thrive in this dynamic landscape. By embracing these trends and unleashing the potential of cloud computing, ISVs can gain a competitive edge, unlock new possibilities, and harness the invaluable business and product intelligence offered by cloud-native development.

by Senthil Kumar, Associate Vice President-Technology, GlobalLogic

Disclaimer

That the contents of third-party articles/blogs published here on the website, and the interpretation of all information in the article/blogs such as data, maps, numbers, opinions etc. displayed in the article/blogs and views or the opinions expressed within the content are solely of the author's; and do not reflect the opinions and beliefs of NASSCOM or its affiliates in any manner. NASSCOM does not take any liability w.r.t. content in any manner and will not be liable in any manner whatsoever for any kind of liability arising out of any act, error or omission. The contents of third-party article/blogs published, are provided solely as convenience; and the presence of these articles/blogs should not, under any circumstances, be considered as an endorsement of the contents by NASSCOM in any manner; and if you chose to access these articles/blogs , you do so at your own risk.

GlobalLogic

GlobalLogic, a Hitachi Group Company, is a leader in digital product engineering. We help our clients design and build innovative products, platforms, and digital experiences for the modern world. By integrating our strategic design, complex engineering, and vertical industry expertise with Hitachi’s Operating Technology and Information Technology capabilities, we help our clients imagine what’s possible and accelerate their transition into tomorrow’s digital businesses. Headquartered in Silicon Valley, GlobalLogic operates design studios and engineering centers around the world, extending our deep expertise to customers in the automotive, communications, financial services, healthcare & life sciences, media and entertainment, manufacturing, semiconductor, and technology industries.

Cloud Collaboration: How Media Team...

dilipguddappa