India is one of the biggest markets in the world, emerging in a lot of areas, including technology and software. The revenue generated by software totaled $4 billion in 2014, a rise of almost eight percent compared to last year’s revenue, as per IT advisory firm Gartner (via Times of India). The country has experienced the highest growth in the software market in the BRICS region which comprises of Brazil, Russia, India, China and South Africa.
As far as the software industry is concerned, Microsoft maintains the top spot when it comes to software revenue in 2014, accounting for 25 percent of the total software sales generated during the period.
“The enterprise software marketplace is dynamic and ever-changing. Its growth and structure are being shaped by the factors and forces of decentralized purchasing, consumerization and mobility, influence of emerging markets, cloud-based implementations, and new consumption models,” said Bhavish Sood, research director at Gartner.
The remaining contenders in the ranking include Oracle and IBM, with the top three representing 50 percent of the total software sales in India.