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ManageEngine Predicts India To Emerge As Its Second-Largest Market Globally

The company will announce its future plans at ManageEngine UserConf Mumbai 202

ManageEngine Predicts India To Emerge As Its Second-Largest Market Globally
POSTED ON February 01, 2023 2:52 PM

ManageEngine, the enterprise information technology (IT) management division of Zoho Corporation, announced that India is on track to become its second largest market globally within the next three years, behind the US, due in large part to India's rapid adoption of cloud technologies.

The company will discuss India’s growth and announce future technology plans at ManageEngine UserConf Mumbai 2023, held in Mumbai on February 1 and 2 at the JW Marriott, Sahar.

“Over the last five years, ManageEngine's cloud services averaged 70 per cent year-on-year growth, peaking during the time of the Covid-19 pandemic. 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 $1 billion in global revenue," said Sridhar Vembu, cheif executive officer (CEO) and co-founder of Zoho Corp.

In 2022, Zoho Corp. became the first bootstrapped company in India to record an annual revenue of $1 billion. The company’s ManageEngine division, established in 2002 claimed to have served over 280,000 organisations across 190 countries, including more than 10,000 organizations in India.

Currently the third largest revenue market worldwide for ManageEngine, India is set to surpass the United Kingdom in the next three years. ManageEngine India has registered a year-over-year growth of 50 per cent in 2022 while the customer count increased by 30 per cent, driven by demand primarily from the banking finance, services and insurance (BFSI), manufacturing and real estate sectors.

“We operate our own data centers, will be launching two more globally this quarter, and are always working towards the effective use of both hardware and software, so as to pass on more benefits to our customers. One of those benefits is choice: We’re one of few vendors to support both on-premises and on cloud deployment models to manage hybrid IT infrastructure,” added Shailesh Davey, co-founder and vice president of Engineering of Zoho Corp.

"With the rise in digital adoption, businesses are innovating with new possibilities and operating models in pursuit of their objectives. Managing complex digital infrastructures while complying with stringent compliance mandates is a top challenge for business leaders today. With deep expertise built over the last two decades, ManageEngine solutions have evolved into an integrated platform for the end-to-end management of our customers' digital enterprises," stated Rajesh Ganesan, president of ManageEngine.

At ManageEngine UserConf Mumbai 2023, Vembu, Davey, Ganesan, and other company representatives will be on hand to discuss the most pressing, high-level concerns and frontline challenges facing IT professionals today. The two-day conference will reportedly offer detailed walk-throughs and live demonstrations of all major ManageEngine solutions. One-on-one sessions with solution experts will ensure customers have the opportunity to receive answers to their product and platform questions.

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