According to latest research by US-based IT research firm Gartner, the Indian software sector reported revenue of $4 billion during 2014, 8.3 per cent higher than the $3.7 billion revenue reported during 2013. The research also found that Microsoft was the top vendor in the India software market, accounting for 25 per cent of overall sales. It is followed by Oracle and IBM with 13 per cent and 12 per cent share, respectively. Together the three vendors accounted for 50 percent of total software sales in India.
Among the key drivers for increased IT adoption is the appreciation of IT as an enabler for business change. Analysts at Gartner expect enterprises to continue to invest in IT to improve productivity and drive enterprise growth by delivering operational results, while reducing enterprise costs and attracting and retaining customers.
The research also finds that among the BRICS countries, Indian software market experienced the highest growth rate (8.3 per cent), followed by Brazil (5.4 per cent), South Africa (4.8 per cent) and China (3.8 per cent). According to analysts, the Indian government?s plans around Digital India, smart cities, and increased focus on broadband internet infrastructure is expected to drive local consumption of IT software and associated services.
