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India to emerge as second largest market globally: ManageEngine

The enterprise IT management branch of Zoho Corporation, ManageEngine, forecasted that India is on track to overtake the United States as its second-largest market internationally over the next three years, in large part because of the country’s quick uptake of cloud technology.

At ManageEngine UserConf Mumbai 2023, the business’s first user conference of the year, scheduled for February 1 and 2, this city, the firm will talk about the development of India and reveal its future technological goals, according to a press release.

“We see tremendous potential in India. The rate of digitalisation is picking up here at a rapid pace, making IT management more important than ever and setting up ManageEngine to soon reach USD one billion in global revenue,” Sridhar Vembu, chief executive officer and co-founder of Zoho Corp, said.

The first bootstrapped business in India to earn $1 billion in revenue each year was Zoho Corp. in 2022.

The company’s ManageEngine business, which was founded in 2002, has assisted more than 2.80 lakh organizations in 190 countries, including more than 10,000 organizations in India, according to the press release.




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