New Delhi: Analysing the nation’s rapid growth and demographic dividend, Zoho Corporation is expecting their largest market to emerge in India within the next decade. Currently, India fares as the third-largest market after the US and the European Union.
Zoho Corporation is a global technology company that offers a suite of cloud-based software applications for businesses. Their products cover a wide range of business needs, which includes customer relationship management (CRM), email, accounting, human resources, marketing automation, and more.
Zoho is well-known for providing affordable and user-friendly software solutions, making it popular among businesses of all sizes. They emphasise data privacy and security and aim to streamline business processes through their integrated applications.
Sridhar Vembu, founder and chief executive of Zoho, said, “India is the fastest growing market. Even when I reported the September slowdown, our fastest growth is in India. That’s very helpful. But globally, there is a substantial slowdown particularly you are seeing in the US”
Vembu stated that India will become the number 1 market in the next 20 years for everyone given its growth rates. “It just will happen sooner for us because we are based here. I’m sure that even if you take Microsoft or Google, (even) they are planning for India to be their number 1 market…,” he said.
Justifying the analysis, he said it is driven by the fact that more than 20 million child births occurred in India, which is higher than the US, China, Japan and South Korea combined.
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