According to research from Gartner, it has been revealed that the enterprise software market in India is projected to reach $3.92 billion in 2013 with growth percentage of 13.9 % as compared to revenue rate achieved in 2012. Last year the revenue data in 2012 was $3.45 billion.
Asheesh Raina, Principal Research Analyst at Gartner stated, "Growing maturity of Indian users is an important driver for overall growth. Compounding the demand is the ongoing tendency for greater customer services along with the continued drive for IT cost savings, as well as the incorporation of emerging technologies into solutions, such as mobility, social, cloud and business process management. These new technologies, and demand for agility, bring in additional urgency, and demand, for IT investments."
"End users in Asia/Pacific are expecting to increase their spending on application and infrastructure software, with India and China being the most optimistic and leading the way. It is closely followed by Malaysia and Singapore," added Raina.
As forecasted, India will be the fourth largest enterprise software market in Asia/Pacific in 2013. Gartner further reports that , the country is about to account for 11.6 per cent of the region’s total revenue of $33.73 billion in 2013, the equivalent to 1.32 per cent of the total worldwide software market of $296 billion.
In the next five years, Indian enterprises are looking for cost effective use of technology before adoption of tools such as web conferencing; teaming platforms and social software suites; enterprise content management; customer relationship management (CRM) and security, resulting in the fast growth of software market.
