Software Market (India)

2021: Indian enterprise software market up 18.6%

The volume of the Indian corporate market software in 2021 reached $3.63 billion, which is 18.6% more than a year earlier. The costs of such software India are more than in - Russia so in 2020 the figure in the Russian Federation amounted to 61.43 billion (rubles about $852 million at the weighted average exchange rate for 2020). ON Analysts Gartner published a study on the Indian market on August 24, 2022.

According to the report, the largest segment of the market under consideration remains CRM systems, whose sales in India in 2021 amounted to $959 million, which is 20.5% more than a year ago. In the segment of ERP solutions, 18.5% growth was registered, up to $460 million.

Indian enterprise software market up 18.6%

As Gartner Vice President Neha Gupta noted, Indian companies continue to increase software spending as part of their growing IT budgets, helped by digital transformation projects.

Organizations are increasingly relying on software to manage all aspects of the business, the expert emphasized.

According to his forecasts, in 2022 the Indian software market will not grow as rapidly as a year earlier, since the unstable global macroeconomic situation has intensified uncertainty in business.

Companies will continue to selectively suspend new long-term projects and reduce the scale of expensive projects and instead look for "quick win" projects that either have a shorter return on investment (ROI) or provide a competitive advantage, Gupta said.

Gartner says Indian companies are increasing the cost of email products and content services to follow the trend of remote work. Sales of such solutions peaked in 2020, when the COVID-19 coronavirus pandemic began.^[1]

2014: Microsoft controls quarter of Indian software market

On May 22, 2015, the analytical company Gartner published the results of a study of the Indian software market. Its volume, as experts found out, grew by 8%, and Microsoft retained its leadership in it, while earning more than $1 billion in a year on the implementation of software in the country.

According to experts' calculations for 2014, software sales in India amounted to just over $4 billion against $3.7 billion a year earlier. This rise is largely due to improving economic conditions in the world, which eased pressure on the Indian economy, providing a more favorable environment for business development.

The Indian software market grew by 8% to $4 billion, where a fourth was occupied by Microsoft

corporate software market is dynamic and constantly changing. Its growth and structure is formed under the influence of factors and forces decentralizing purchases, the consumer segment and mobile technologies, as well as under the influence of emerging markets, the implementation of cloud projects and new consumption patterns, "said Bhavish Sood, Research Director of Gartner

He says since the creation of the new Indian government, concerns about the country's economic growth have eased and there have been early signs of IT spending rising.

Under these conditions, the popularity of Solutions SaaS and open source products is growing, the nature of purchases and sales in the digital business is changing, according to a study by Gartner.

Among the largest software sellers in India, Microsoft still has no equal. In 2014, the company's revenue from the sale of software products in the country amounted to $1.02 billion, which is 7% more than a year earlier, and corresponds to one fourth of the volume of the entire Indian software market.

Following Oracle and IBM increased software sales in India by 7% - to $517 million and $475 million, respectively, recording market shares in the asset in the amount of 13% and 12%. The top five also included SAP (8%) and VMware (3%). CA Technologies, Adobe and HP each have about 1% of software sales in India.^[2]

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