【New Delhi】Software market in India grew 10 per cent to USD 4.76 billion in 2013, driven by strong adoption of cloud or subscription-based services, research firm Gartner said. The software market stood at USD 4.334 billion in 2012.
"The Indian software industry is in the middle of a multi-year cyclical transition as organisations are focusing investments on technologies to support existing system structure," Gartner Research Director Bhavish Sood said in a statement. Organisations are doing this in order to maintain competitiveness, while still taking advantage of cloud/ subscription-based pricing where it makes sense to grow and advance the business, he added.
Among the BRICS (Brazil, Russia, India, China and South Africa) nations, the Indian software market experienced the highest growth rate.
○Oracle overtakes IBM to become No 2 in India
【Bangalore, New Delhi】Riding high on the demand for database management systems, enterprise software maker Oracle has overtaken IBM to become the second-largest software vendor in India, after Microsoft, according to a report by research firm Gartner
Microsoft was the market leader with 20 per cent share and USD 957.3 million in revenues. It saw its revenues growing 10.6 per cent from USD 865.9 million in 2012.
Oracle reported 21.5 per cent year-on-year growth in software revenues in India, the highest among all major information technology (IT) vendors in the country, ranked second in terms of total software revenue with approximately USD 505 million in 2013 and captured 7.3 per cent of the market.
IBM ranked third (USD 446.6 million), followed by SAP (USD 324.3 million), VMware (USD 94.4 million), CA Technologies (USD 52.7 million) and Adobe (USD 42.5 million). Others in the list included SAS and HP as well.
Indian software mkt up 10% to $4.7 bn; Microsoft tops tally
Oracle overtakes IBM to become No 2 in India