comscore India's software revenues to reach $5.8 billion in 2017: Gartner
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India's software revenues to reach $5.8 billion in 2017: Gartner

This would be an increase of 12.8 percent from 2016. Gartner’s report also says that infrastructure software spending will surpass $3.4 billion in 2017, and enterprise application software spending will grow 16.8 percent in 2017.

  • Published: November 17, 2016 8:00 PM IST
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Buoyed by the emerging digital business strategies that Indian firms are fast adopting, the country’s software revenue is set to reach $5.8 billion in 2017 — a 12.8 percent increase from 2016, a new report said on Thursday. According to the market research firm Gartner, infrastructure software spending in India is projected to surpass $3.4 billion in 2017, a 10.2 percent increase from 2016 and enterprise application software spending is forecast to grow 16.8 percent in 2017. Also Read - Global smartphones sales to decline by 3.2% in 2019: Gartner

Also Read - Global wearable device sales to reach 225 million in 2019: Report

Also Read - Global AI business value to hit $1.2 trillion in 2018: Gartner

“Emerging digital business strategies are changing enterprise organizations buying behaviors in India and accelerating the demand for technology innovations and outcome-based solutions,” said Bhavish Sood, Research Director, Gartner, said in a statement. The computer software and hardware vertical had a foreign direct investment inflow of $5.9 billion from April 2015 to March 2016 — an increase of nearly 150 per cent compared to the same period last year, the finding showed.

Gartner expects these investments to gather further momentum towards the year end. “Make in India” is set to boost the manufacturing sector, as well as make it easier to attract investment and “Digital India” is focused on creating digital infrastructure, digital delivery of services and increased digital literacy, the report added. ALSO READ: IT spending in India to reach $72.4 billion in 2017: Gartner

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  • Published Date: November 17, 2016 8:00 PM IST



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