Author: The SaaS Outlook

The construction software-as-a-service (SaaS) market is experiencing rapid growth, with projections showing an increase from $13.42 billion in 2024 to $14.91 billion in 2025, reflecting a CAGR of 11.1%. This spike is attributed to advancements in cloud technology adoption, demand for remote project collaboration, and the increased use of building information modeling (BIM). Further driving this trend are the needs for cost control, risk management, and growing reliance on mobile devices at construction sites. Looking ahead, the market is expected to reach $22.45 billion by 2029, with a CAGR of 10.8%. This growth is driven by the demand for smart…

BENGALURU, Oct 16 (Reuters) – India’s Wipro (WIPR.NS), opens new tab reported stronger-than-expected second-quarter revenue on Thursday, driven by strong growth in Asia and Americas communications businesses and forecast revenue for the current quarter to be in line with some analysts’ estimates. The country’s fourth-largest IT services firm posted a 1.8% rise year-on-year in consolidated revenue to 226.97 billion rupees ($2.58 billion) for the July-September quarter, topping analysts’ estimate of 226.90 billion rupees, per data compiled by LSEG. The company expects a 0.5% decline to 1.5% revenue growth for the third quarter, in line with expectations from brokerage Kotak Institutional Equities.. That…

Oct 16 (Reuters) – Companies announcing multi-billion dollar investments in artificial intelligence have raised concerns about the formation of a bubble reminiscent of the dotcom boom and bust. Investors are on guard for signals that demand is tailing off or that the massive spending is not paying off as anticipated. A BofA Global Research’s monthly fund manager survey revealed that 54% of investors said they thought that AI stocks were in a bubble compared with 38% who do not believe that a bubble exists. Here is a list of industry executives, economists and analysts’ takes on the topic: BANK OF…

Oct 16 (Reuters) – Oracle (ORCL.N), opens new tab said on Thursday it expects cloud infrastructure revenue to grow to $166 billion in fiscal 2030, which would make up nearly 75% of its total sales by then. Chief Executive Officer Clay Magouyrk gave the cloud infrastructure prediction during a meeting with financial analysts, where he said new bookings were coming in from a range of customers, not just OpenAI. Dough Kehring, Oracle’s chief financial officer, said the company expects $225 billion in overall revenue and adjusted profits of $21 per share by the firm’s fiscal 2030. Analysts had been expecting $198.4 billion…

WOODCLIFF LAKE, N.J., Sept. 2, 2025 /PRNewswire/ — Powerfleet, Inc. (Nasdaq: AIOT), a global leader in the artificial intelligence of things (AIoT) software-as-a-service (SaaS), today announced that Wright Brothers Construction, one of the US’s most respected civil contractors, has deployed Unity’s AI video SaaS safety platform to transform operational oversight, mitigate risk, and drive measurable improvements in driver safety across its enterprise operation. Wright Brothers chose Powerfleet’s data-rich solution to unlock safety visibility, predictive coaching, and real-time incident response. “We needed more than video, we needed actionable safety data intelligence at scale, to help us make faster decisions and make a scalable impact,” said…

Oct 13 (Reuters) – Salesforce (CRM.N), opens new tab said on Monday it would invest $15 billion in San Francisco over the next five years to accelerate AI adoption, as the cloud software provider looks to sharpen its competitive edge against tech giants. Founded in San Francisco in 1999 and still headquartered there, Salesforce has been integrating AI into its products, including workplace messaging platform Slack, as it jostles with companies such as ServiceNow (NOW.N), opens new tab, Oracle (ORCL.N), opens new tab and Microsoft (MSFT.O), opens new tab to win businesses eager to adopt the booming technology. Salesforce said the latest investment would support a new…

The Control-M SaaS solution allows customers to jumpstart and scale their automation efforts without costly hardware deployment and take advantage of the scalability and reliability that only Control-M can deliver with 30 years of innovation

MediSpend and Life Sciences Subsidiary of RLDatix Merge to Form Leading Global Provider of Regulatory and Compliance SaaS Solutions for Life Sciences PORTSMOUTH, N.H., Sept. 2, 2025 /PRNewswire/ — MediSpend and RLDatix Life Sciences, a subsidiary of RLDatix, today announced a definitive agreement to merge, creating a new unified company at the forefront of life sciences innovation and compliance. The new company offers the most comprehensive suite of software, data and workflow tools to support the entire lifecycle for global compliance, transparency, and sales enablement for the life sciences industry. The combined company currently serves over 300 pharmaceutical, biotech, and medical device…

PORTSMOUTH, N.H., Sept. 2, 2025 /PRNewswire/ — MediSpend and RLDatix Life Sciences, a subsidiary of RLDatix, today announced a definitive agreement to merge, creating a new unified company at the forefront of life sciences innovation and compliance. The new company offers the most comprehensive suite of software, data and workflow tools to support the entire lifecycle for global compliance, transparency, and sales enablement for the life sciences industry. The combined company currently serves over 300 pharmaceutical, biotech, and medical device companies worldwide. Backed by Five Arrows (the alternative assets arm of Rothschild & Co.), Susquehanna Growth Equity, TA Associates, and Nordic Capital, the…

BENGALURU, India, Aug. 25, 2025 /PRNewswire/ — Perfios.ai, India’s leading B2B SaaS TechFin, today announced a strategic partnership with SatSure, a pioneer in Earth Observation (EO) analytics, to transform the Agri-Lending businesses with decision intelligence from space. This strategic partnership marks a significant leap forward in the Agri-Lending eco-system by empowering financial institutions with unparalleled decision intelligence from EO data-driven agri-lending solutions. This initiative aims to provide vital financial inclusion and access to credit for India’s 100 million+ farming community, leveraging SatSure’s cutting-edge SatSource and SatCollect that combine satellite imagery, remote sensing, and AI to deliver actionable insights for smarter lending solutions to unlock the full potential of agri-lending. “As the Indian…