Mumbai, Jan 31 (FN Bureau) ManageEngine, the enterprise IT management division of Zoho Corporation, predicted on Tuesday that India is on track to become its second largest market globally within the next three years, behind the United States, due in large part to the country’s rapid adoption of cloud technologies. The company will discuss India’s growth and announce future technology plans at ManageEngine UserConf Mumbai 2023, its first user conference of this year, to be held here on February 1 and 2, a release issued here stated.
“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. In 2022, Zoho Corp. became the first bootstrapped company in India to record an annual revenue of USD one billion. Established in 2002, the company’s ManageEngine division has served over 2.80 lakh organisations across 190 countries, including more than 10,000 organisations in India, the release added.