March 04, 2026 12:05 pm (IST)
Follow us:
Gartner: Indian software market grew 10% in 2013
Mumbai, Apr 9 (IBNS): Information technology research and advisory company Gartner Inc., recently stated that the Indian software revenue totaled USD 4.765 billion in 2013, a 10 percent increase from 2012 revenue of USD 4.334 billion.
“The Indian software industry is in the middle of a multiyear cyclical transition as organizations are focusing investments on technologies to support existing system structure,” said Bhavish Sood, research director at Gartner.
Sood added, “Organizations 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.”
There is a shift in vendor rankings from 2013 at the top of the worldwide and India software market, Gartner noted.
This is the first time in Gartner's India software market share research that Oracle has ranked second in terms of total software revenue with approximately USD 505 million in 2013, capturing 7.3 percent of the market.
“Trends around business intelligence and analytics, with increasing customer investments in database management systems, helped to drive Oracle's top-line growth," Sood said.
Among the BRICS (Brazil, Russia, India, China and South Africa), the Indian software market experienced the highest growth rate.
Besides large enterprises, the Indian market also boasts a large potential small and midsize business (SMB) segment that is playing a crucial role in changing the consumption patterns of technology.
SMBs are on the threshold of
leveraging ICT, but they currently lack the scale, and in some cases experience, which is inevitable in understanding and handling technology-related issues.
“India is growing faster than other emerging countries, which can be attributed to an export-oriented focus over the last decade. However, recent advances in IT communications infrastructure in the country has opened up new avenues for local consumption of IT software and associated services,“ said Sood.
He said, “Although there is an economic slowdown, Indian enterprises are still judiciously investing in technology that can be tied to the business objectives and impact their bottom line. Indian enterprises are generally more price-sensitive compared with enterprises in mature markets, but now they are spending on technology that offers a significant upside in terms of agility or productivity gains with diligent planning.”
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Rs 9.7 lakh crore wiped out! Sensex tanks, rupee breaches 92 amid Middle East crisis
Wed, Mar 04 2026
Big investment alert! Bajaj Life unveils new opportunities fund — Should you jump in?
Mon, Mar 02 2026
Gold, silver surge as Middle East conflict sparks safe-haven buying
Mon, Mar 02 2026
Market panic! Sensex nosedives, Nifty tumbles as Iran–US-Israel conflict spooks investors
Mon, Mar 02 2026
Netflix shares jump 10% after quitting Warner Bros. Discovery bid
Sat, Feb 28 2026
PM Modi to flag off Micron’s Rs. 22,500 crore semiconductor facility in Sanand tomorrow. Check out all details
Fri, Feb 27 2026
'No longer financially attractive': Netflix quits Warner Bros. Discovery bid, clears path for Paramount Skydance
Fri, Feb 27 2026
Home First Finance shares tumble 6% after Rs 662 crore block deal
Thu, Feb 26 2026