Based on the indicators for the first half of 2021, analysts at IDC predict that the Indian software market will surpass $ 8.2 billion this year. In the first half of the year, it turned out to be $ 4.0 billion, which is 15.9% more than in the first half of 2020. India accounted for 18.3% of the total software market in the Asia-Pacific region in the first half of the year, excluding Japan and China. The market leaders are Microsoft, Oracle and SAP.
“Indian enterprises are continuing their digital transformation initiatives with a focus on scalable, secure and flexible structures. They have increased investment in cloud computing for scalability and artificial intelligence for accurate data usage and customer service. more effectively securing networks and systems with more emphasis on SASE and Zero Trust structures, identity management solutions, and more, ”Hemanth Gudiwada, Associate Analyst at IDC, outlines the situation. “As a result, the respective software markets are experiencing accelerated growth, and growth in these markets is expected to continue over the next several quarters. Technology providers continue to invest in India to take full advantage of the opportunities and untapped potential of Indian businesses. ”
IDC identifies three main categories of the software market: applications, application development and deployment, and system infrastructure software. Their shares are equal to 60.9%, 21.0% and 18.1% of the total market revenue, respectively.