Enterprise IT vendor IBM ranking in the Indian software market has moved to third in 2013 from second in 2012. Oracle is the second largest software provider. Microsoft continues to lead, said Gartner.
Oracle improved its ranking to second in 2013 from third in 2012.
“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 $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,” said Bhavish Sood, research director at Gartner.
India software revenue rose 10 percent to $4.765 billion in 2013 from $4.334 billion in 2014.
Among the BRICS (Brazil, Russia, India, China and South Africa), India 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.
India is growing faster than other emerging countries, which can be attributed to an export-oriented focus over the last decade.
Recent advances in IT communications infrastructure in the country has opened up new avenues for local consumption of IT software and associated services.
Though there is an economic slowdown, Indian enterprises arel judiciously investing in technology that can be tied to the business objectives and impact their bottom line. Indian enterprises are spending on technology that offers a significant upside in terms of agility or productivity gains with diligent planning, said Gartner.
The recent BJP manifesto focused on IT investments to create opportunities and improve governance in the country. If the BJP is voted to power during the ongoing Lok Sabha elections, the party will take initiatives to invest in IT. Congress party, rival of BJP, is also focusing on IT-driven governance.