Deja-Vu Times: Gartner Says India Enterprise Software Market Grew 16.3 Percent in 2010 to Reach $2.5 Billion

Thursday 30 June 2011

Gartner Says India Enterprise Software Market Grew 16.3 Percent in 2010 to Reach $2.5 Billion

The India enterprise software market showed broad growth and recovery in 2010 with total software revenue increasing 16.3 percent annually to total $2.5 billion, according to Gartner, Inc. In 2009, India revenue grew just 4.2 percent to $2.1 billion.

"In 2010, major software vendors expanded their product portfolios, acquired companies where appropriate to their plans, and reached deeper into emerging markets including India," said Asheesh Raina, principal research analyst at Gartner. "The year represented a return to solid footing as the India market expanded in terms of revenue and maturity.”