Bangalore, December 8, 2015: The India software market is expected to reach $5.3 billion in 2016, a 12.8 percent increase from 2015, according to a Gartner study.
Trends that are driving the India software market include:
Software as a Service adoption and development
Open source software (OSS) adoption, and its broader market implications
Changing buying behaviors and purchasing styles associated with the digital India initiative of Indian government
Demand for specialized software vendors that can deliver on the digital business vision
“The enterprise software marketplace is dynamic and ever-changing. Its growth and structure are being shaped by factors and forces of decentralized purchasing, consumerization, mobility, influence of other emerging markets, cloud-based implementations, and new consumption models,” said Bhavish Sood, research director at Gartner.
“In 2015, the Indian economy has shown signs of resurgence, with increased efforts by the government toward ease of doing business, which has triggered a significant increase in foreign direct investment (FDI) inflows,” Sood added, “FDI inflows in 2015 have grown to $30.9 billion, a 27 percent increase year over year. It is also evident that the Indian government is serious about leveraging information technology for effective governance.”
“It is also evident that the Indian government is serious about leveraging information technology for effective governance. The Digital India initiative, MyGov citizen portal, the Self-Employment and Talent Utilization (SETU) program for startups, and smart cities initiatives are some examples. The Digital India initiative is centered around three areas: digital infrastructure as a utility to every citizen, governance and services on demand, and digital empowerment of citizens. These are further categorized into nine pillars, and clearly highlight ongoing activities in those three areas and timelines of completion for each of these initiatives.”