Indian Software Market Grew 10 Pct In H2 2014: IDC


NEW DELHI: The Indian software market registered a stable year-on-year growth of 10 percent in the second half of 2014 owing to the steady double-digit growth of top vendors, according to the International Data Corporation (IDC).

"The Indian software market registered a stable year on year growth of 10 percent. However, the market is expected to gain a steady momentum starting 2016 and beyond as deals would have closures and implementation would start," IDC said on Thursday.

It stated that 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 percent year-on-year while applications market pegged a growth of 10.8 percent year-on-year and SIS market grew by 8.5 percent during the second half of calendar year 2014.

Some of the secondary markets that registered a strong growth during the review period include application platforms, content, operations & manufacturing applications and integration & orchestration middleware among others.
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Source: IANS