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Goa, India, October 17, 2014

Gartner Says India Enterprise Software Market To Reach $4.2 Billion in 2014

Emerging Digital Business Technologies Will Lead To Increasing Investments In Software

Key Industry Trends Are Being Addressed At Gartner Symposium/ ITxpo, 14-17 October, in Goa

The enterprise software market in India is projected to reach $4.2 billion in 2014, a 13 per cent increase over 2013 revenue of $3.7 billion, according to Gartner, Inc. The market is projected to total $4.7 billion in 2015.

Compounding the demand for enterprise software is the ongoing tendency for greater customer services along with the continued drive for IT cost savings.

The incorporation of emerging technologies into solutions, such as mobility, social, cloud and business process management is also driving growth. Gartner analysts said these new technologies, as well as the demand for agility, is bringing a sense of urgency, and demand, for IT investments.

“India enjoys the rich presence of international software and hardware vendors, backed by a very strong ecosystem of system integrators, service providers and business partners,” said Bhavish Sood, research director at Gartner. “The combination of sustainable domestic demand, presence of global vendors, entry of new small vendors and the Nexus of Forces (as Gartner defines it as the convergence of new mobile, social, cloud and information computing environments) are the key drivers for high sustainable growth for India.”

Table 1

India Software Revenue in Constant Currency (Millions of U.S. Dollars)

 

 

2013

2014

Infrastructure Software

Revenue

2,391.6

2,674.0

 

 

 

Growth (%)

 

11.8

Enterprise Application Software

Revenue

1,327.4

1,524.1

 

 

Growth (%)

 

14.8

 

Total Revenue (M) Constant Currency

 

3,719.0

4,198.1

Total Growth (%) Constant Currency

 

 

12.88%

Source: Gartner (October 2014)

In 2014, India is expected to be the fourth largest enterprise software market in Asia/Pacific. By 2018, India’s share of the software market in Asia/Pacific is expected to reach $6.8 billion.

“The penetration of IT infrastructure has been growing rapidly during the past decade, fueled by the adoption of technology by a larger percentage of the domestic population, the growing maturity of users and incremental enhancements in technology, “said Mr. Sood.

High domestic demand comes from users who want affordable country-specific products because not all global solutions can be directly deployed, thus opening up an opportunity for local vendors to come up with innovative products.

Additional information is available in the Gartner report Forecast: Enterprise Software Markets, Worldwide, 2011-2018, 3Q14 Update. This is available on http://www.gartner.com/document/2842917.

 About Gartner Symposium/ITxpo

Gartner Symposium/ITxpo is the world's most important gathering of CIOs and other senior IT executives. This event delivers independent and objective content with the authority of the world's leading IT research and advisory organization, and provides access to the latest solutions from key technology providers. Gartner's annual Symposium/ITxpo events are key components of attendees' annual planning efforts. IT executives rely on these events to gain insight into how their organizations can use IT to address business challenges and improve operational efficiency.

Additional information for Gartner Symposium/ITxpo 2014 in Goa, October 14-17, is available at www.gartner.com/in/symposium. Members of the media can register for the event by contacting Sony Shetty at sony.shetty@gartner.com.

 Additional information from the event will be shared on Twitter at http://twitter.com/Gartner_inc and using #GartnerSYM.

 Upcoming dates and locations for Gartner Symposium/ITxpo include:

October 27-30, Sao Paulo, Brazil: www.gartner.com/br/symposium

October 28-30, Tokyo, Japan: www.gartner.com/jp/symposium

November 9-13, Barcelona, Spain: www.gartner.com/eu/symposium

November 17-20, Gold Coast, Australia: www.gartner.com/au/symposium

About Gartner

Gartner, Inc. (NYSE: IT), is the world’s leading research and advisory company and a member of the S&P 500. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow.

Our unmatched combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. We are a trusted advisor and objective resource for more than 15,000 organizations in more than 100 countries — across all major functions, in every industry and enterprise size.

To learn more about how we help decision makers fuel the future of business, visit gartner.com.

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