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Gartner Says India Enterprise Software Market To Reach $4.2 Billion in 2014
Emerging Digital Business Technologies Will Lead To Increasing Investments In Software
Key Industry Trends Are Being Addressed At Gartner Symposium/ ITxpo, 14-17 October, in Goa
The enterprise software market in India is projected to reach $4.2 billion in 2014, a 13 per cent increase over 2013 revenue of $3.7 billion, according to Gartner, Inc. The market is projected to total $4.7 billion in 2015.
Compounding the demand for enterprise software is the ongoing tendency for greater customer services along with the continued drive for IT cost savings.
The incorporation of emerging technologies into solutions, such as mobility, social, cloud and business process management is also driving growth. Gartner analysts said these new technologies, as well as the demand for agility, is bringing a sense of urgency, and demand, for IT investments.
“India enjoys the rich presence of international software and hardware vendors, backed by a very strong ecosystem of system integrators, service providers and business partners,” said Bhavish Sood, research director at Gartner. “The combination of sustainable domestic demand, presence of global vendors, entry of new small vendors and the Nexus of Forces (as Gartner defines it as the convergence of new mobile, social, cloud and information computing environments) are the key drivers for high sustainable growth for India.”
Emerging Digital Business Technologies Will Lead To Increasing Investments In Software
Key Industry Trends Are Being Addressed At Gartner Symposium/ ITxpo, 14-17 October, in Goa
The enterprise software market in India is projected to reach $4.2 billion in 2014, a 13 per cent increase over 2013 revenue of $3.7 billion, according to Gartner, Inc. The market is projected to total $4.7 billion in 2015.
Compounding the demand for enterprise software is the ongoing tendency for greater customer services along with the continued drive for IT cost savings.
The incorporation of emerging technologies into solutions, such as mobility, social, cloud and business process management is also driving growth. Gartner analysts said these new technologies, as well as the demand for agility, is bringing a sense of urgency, and demand, for IT investments.
“India enjoys the rich presence of international software and hardware vendors, backed by a very strong ecosystem of system integrators, service providers and business partners,” said Bhavish Sood, research director at Gartner. “The combination of sustainable domestic demand, presence of global vendors, entry of new small vendors and the Nexus of Forces (as Gartner defines it as the convergence of new mobile, social, cloud and information computing environments) are the key drivers for high sustainable growth for India.”
17 Oct 2014
