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WebEx is targeting a significant share of the Indian SaaS pie, by expanding itsA service offerings to different segments.

India is slated to be the fastest growing market in Asia Pacific for Software as a Service (SaaS) and is expected to exceed $48 million by 2008, up from $7 million in 2005, according to Springboard Research.

Currently, web conferencing and collaboration represent the largest portion (43 per cent) of the total SaaS revenue in India. However, a number of other software market sectors are now gearing up for a SaaS push.

Ten-year-old WebEx Communications Inc., a provider of web communication services, is a company that is gearing up to tap the SaaS opportunity in India. The company believes that the market for SaaS is poised for tremendous growth and companies across verticals are ready to offer solutions on the SaaS platform.

WebEx India MD Kiran Datar said, aWe at WebEx strongly believe that India is at the right place and time to ride the SaaS wave and the rate of adoption of SaaS will rapidly increase. We have always been cost-conscious; this coupled with the increasing availability of broadband today will fuel growth, especially for SMBs and entrepreneurs in the country.a

He added that two segments in particular that are poised for strong SaaS advances over the next several years are security and collaboration.

WebEx has been able to offer solutions catering to the needs of IT, BFSI, Telecom, consulting and pharma among others for various functions like training, meeting centre, investor relations, remote support and system management, through web conferencing.

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