Indian Software Market Grew 10 Pct In H2 2014: IDC

"Some of the larger software vendors restructured their organization in line with the emerging technologies and re-aligned their strategies to capture the mindshare in the growth markets such as SMB, cloud, analytics and mobility. This has worked quite well for them and they have managed to grow inspite of the uncertainty in the market," Shweta Baidya, senior market analyst of software, IDC India said.

"Application developers are becoming a strong part of the larger ecosystem and vendors are working closely with the developer and partner community to offer best-in-class solutions to their target customers."

It stated that Microsoft, Oracle, SAP, IBM and Synopsys retained their dominant position in the market collectively cornering more than 60 percent of the total share.

IDC expects the software market to grow at a healthy pace in the next five years (2015-2019) with a compound annual growth rate (CAGR) of 10.6 percent.

Some of the software categories that will trigger the uptake include mobile applications, in-memory analytics, database security and privacy, open source applications, DLP, encryption, application security among others.
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