India’s software market revenue set to hit $8.2 bn in 2021, says IDC – Mint

Going forward, the demand for robotic process automation and digital commerce applications will also grow, IDC said in the report released on Thursday.

“Indian enterprises are continuing their digital transformation initiatives with a clear focus on scalable, secure and agile frameworks.

IDC data on the first half of 2021 shows the size of the software market in India was $4.0 billion, growing at 15.9% year-over-year region.

Pent-up demand led to a sharp spike in the software market during the first half of 2021, as per IDC.

IDC classifies the software market into three categories– applications, application development and deployment, and systems infrastructure software.

Baidya points out, software vendors have been re-aligning their portfolios to cater to the evolving requirements of their customers.

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