India Software Market to Grow 12.8 Percent in 2016

In 2015, the Indian economy has shown signs of resurgence, with increased efforts by the government toward ease of doing business, which has triggered a significant increase in FDI inflows

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The India software market is on track to reach $5.3 billion in 2016, a 12.8 percent increase from 2015, according to Gartner. Several leading trends that are common across the India software market include:

  • Software as a service (SaaS) adoption and development
  • Open source software (OSS) adoption, and its broader market implications
  • Changing buying behaviors and purchasing styles associated with digital business and the digital India initiative of Indian government
  • Demand for specialized software vendors that can deliver on the digital business vision



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