At the end of 2019, I had published Cloud Stocks: Top 20 for 2020 with a summary of which SaaS companies are succeeding on the basis of a strong PaaS strategy, AI, and robust developer ecosystems. I now want to focus on how the PaaS landscape is evolving: who are the established giants, the top mature players, the promising players, and the potentials.
Cloud Stocks are doing exceptionally well through the pandemic. If you’re wondering which ones are likely to go further, please pay attention to their PaaS strategies. PaaS creates exit barriers, deep moats, excellent pipelines for new products, acquisition prospects, and overall multipliers that strong SaaS companies should all consider. Over time, I expect hundreds of PaaS eco-systems to develop, each spawning a thousand smaller companies.>>>
According to a Markets and Markets report, the global market for healthcare cloud computing is expected to grow from $28.1 billion in 2020 to $64.7 billion by 2025 at a CAGR of 18.1%. Pleasanton, California-based Veeva (NYSE: VEEV) recently reported its second quarter results that continued to surpass all market expectations.>>>
Sramana Mitra: What is your strategy? Are you, at some point, going to open up the platform to third-party developers to build software solutions for the use cases that you do not cover?
Raj Koneru: It’s already an open platform. All of our documentation is online. You can sign up for our training academy. The platform is accessible right there. You can create an account, start building virtual assistants, and build whatever you like.>>>
According to an Adroit Market Research, the global Human Capital Management market is estimated to grow to $18 billion by the year 2025. Paylocity (Nasdaq: PCTY) recently announced its quarterly results that continued to surpass market expectations.>>>
Terrific PaaS strategy! Osama explains a bunch of use cases that are opportunities for entrepreneurs to build new companies.
All are drawn from their customers.
Sramana Mitra: Let’s start by having you introduce yourself as well as Incorta.>>>
Sramana Mitra: When you are implementing one of these use cases, could you double-click down on the other systems that you are integrating with? To make your system effective, you have to integrate with other systems. Walk us through one or two of those integration scenarios.
Raj Koneru: The virtual assistant is deployed on a company’s website or in their mobile app. Sometimes, it’s also deployed on email, SMS, or social messaging apps.>>>
Entrepreneurs are invited to the 503rd FREE online 1Mby1M Mentoring Roundtable on Thursday, October 1, 2020, at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/8:30 p.m. India IST.
If you are a serious entrepreneur, register to “pitch” and sell your business idea. You’ll receive straightforward feedback, advice on next steps, and answers to any of your questions. Others can register to “attend” to watch, learn, and interact through the online chat.
You can learn more here and register to pitch or attend here. Register and you will receive the recording by email, even if you are unable to attend. Please share with any entrepreneurs in your circle who may be interested. All are welcome!
The current remote working conditions have accelerated the adoption of digital signature services. According to a recent report, the global digital signature market was expected to grow from $1.5 billion in 2019 to $23.9 billion by 2030 at 29% CAGR. Early this month, electronic signature solutions leader DocuSign (NASDAQ: DOCU) reported a strong second quarter that beat market estimates.>>>
Raj is building his fifth company, a conversational AI platform and solutions venture. I really like the PaaS strategy.
Sramana Mitra: Let’s start by introducing our audience to yourself as well as the company.>>>