india-software-market-grows-to-5-3-billion

The software market in India is expected to grow at 12.8% to reach $5.3 billion in 2016. The growth is being driven by trends like increasing adoption of Software as a service (SaaS) and open source software (OSS), changing buying behaviours and purchasing styles associated with digital business and Digital India initiative of the Indian government. India ranks fifth among the emerging markets based on revenues. The revenue from the software product segment currently stands at $5.3 billion and is expected to reach a minimal of $10 billion by 2020, making India more and more important when it comes to emerging technologies.