Software in India
Description
Software in India
Summary
Software in India industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Summary
Software in India industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Software market encompasses applications used for business operations (e.g., ERP, CRM, etc.), as well as infrastructure software that manages IT systems and operations. The market value represents the revenue generated from sales and subscriptions of various software packages and offerings. It includes both signed deals that remain under contract and the annual revenues associated with new contracts signed within a specific calendar year. This excludes sales opportunities for third-party service providers.
- The Indian software market recorded revenues of $38.1 billion in 2024, representing a compound annual growth rate (CAGR) of 15.1% between 2019 and 2024.
- The business process applications segment accounted for the market's largest proportion in 2024, with total revenues of $8.9 billion, equivalent to 23.4% of the market's overall value.
- The expansion of India’s software market is being driven by robust government initiatives and rapid digitalization across sectors. Flagship programs such as Digital India, Make in India, and Startup India are encouraging enterprises to modernize operations through advanced ERP, CRM, and business process applications.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the software market in India
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the software market in India
- Leading company profiles reveal details of key software market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the India software market with five year forecasts
- What was the size of the India software market by value in 2024?
- What will be the size of the India software market in 2029?
- What factors are affecting the strength of competition in the India software market?
- How has the market performed over the last five years?
- What are the main segments that make up India's software market?
Table of Contents
51 Pages
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the strengths of the leading players?
- 8 Company Profiles
- 8.1. Tata Consultancy Services Ltd
- 8.2. Microsoft Corp
- 8.3. International Business Machines Corp
- 8.4. Infosys Ltd
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: India software market value: $ million, 2019-24
- Table 2: India software market category segmentation: % share, by value, 2019-24
- Table 3: India software market category segmentation: $ million, 2019-24
- Table 4: India software market geography segmentation: $ million, 2024
- Table 5: India software market value forecast: $ million, 2024-29
- Table 6: Tata Consultancy Services Ltd: Key Facts
- Table 7: Tata Consultancy Services Ltd: Annual Financial Ratios
- Table 8: Tata Consultancy Services Ltd: Key Employees
- Table 9: Tata Consultancy Services Ltd: Key Employees Continued
- Table 10: Microsoft Corp: Key Facts
- Table 11: Microsoft Corp: Annual Financial Ratios
- Table 12: Microsoft Corp: Key Employees
- Table 13: Microsoft Corp: Key Employees Continued
- Table 14: Microsoft Corp: Key Employees Continued
- Table 15: International Business Machines Corp: Key Facts
- Table 16: International Business Machines Corp: Annual Financial Ratios
- Table 17: International Business Machines Corp: Key Employees
- Table 18: International Business Machines Corp: Key Employees Continued
- Table 19: Infosys Ltd: Key Facts
- Table 20: Infosys Ltd: Annual Financial Ratios
- Table 21: Infosys Ltd: Key Employees
- Table 22: Infosys Ltd: Key Employees Continued
- Table 23: India Size of Population (Million), 2020-24
- Table 24: India Real GDP (Constant 2010 Prices, $ Billion), 2020-24
- Table 25: India GDP (Current Prices, $ Billion), 2020-24
- Table 26: India Inflation, 2020-24
- Table 27: India Consumer Price Index (Absolute), 2020-24
- Table 28: India Exchange Rate, 2019-24
- List of Figures
- Figure 1: India software market value: $ million, 2019-24
- Figure 2: India software market category segmentation: $ million, 2019-24
- Figure 3: India software market geography segmentation: % share, by value, 2024
- Figure 4: India software market value forecast: $ million, 2024-29
- Figure 5: Forces driving competition in the software market in India, 2024
- Figure 6: Drivers of buyer power in the software market in India, 2024
- Figure 7: Drivers of supplier power in the software market in India, 2024
- Figure 8: Factors influencing the likelihood of new entrants in the software market in India, 2024
- Figure 9: Factors influencing the threat of substitutes in the software market in India, 2024
- Figure 10: Drivers of degree of rivalry in the software market in India, 2024
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