India Software Market Witnesses Consistent Growth of 10.0% During 2H 2014 Showing Signs of Growth and Revival: IDC


T-Bone & Razor

The software market growth in the second half of calendar year 2014 turned out to be slower than expected owing to prolonged economic revival. As per International Data Corporation (IDC) India Software Tracker for 2H 2014, the India software market registered a stable year on year growth of 10.0%. However, the market is expected to gain a steady momentum starting 2016 and beyond as deals would have closures and implementation would start. Some of the reasons for the stable growth include a steady double digit growth for the top vendors such as SAP, Microsoft, Oracle and the likes. More investments are expected to pour in from sectors such as Government, Manufacturing and Retail among others.

The Indian IT Software market is segregated into three primary markets which include Application Development Deployment (AD&D), Applications and System Infrastructure Software (SIS). The total AD&D market grew by 9.5% year on year while Applications…

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