Software in India sees a surge

Bangalore street scene - Mike Magee picEnterprise software sales in India grew by eight percent last year.

And it seems like the only way for sales there is up, according to a report from market research company Gartner.

Bhavish Sood, a Gartner research director, said that improvement in global economic conditions has meant the Indian economy is not so stressed. “Along with a new stable government at the centre, this has helped in alleviating concerns about economic growth with early signs of spending in growth initiatives beginning to emerge.”

Sood said trends in the Indian software market include software as a service (SaaS), open source software adoption, and changing buying behaviours.

Microsoft held 25 percent of market share in 2014, followed by Oracle with 13 percent, IBM with 12 percent and SAP with eight percent.

Sood said: “After the last federal election the mood of the economy has changed and we are slowly seeing a revival in IT spending, particularly in areas of digital and a nexus of forces that combine cloud, mobile, social and big data.”

India showed the highest growth in the so called BRICS (Brazil, China, India, Russia and South Africa) software markets.