Indian enterprise software market to grow 13% to $4.2 bn in 2014: Gartner

The Indian enterprise software market is expected to grow 13 percent to $4.2 billion in 2014 and touch $4.7 billion in 2015, said Gartner.

Demand for better customer services and drive for IT cost savings will drive the Indian enterprise software market.

Emerging technologies such as mobility, social, cloud and business process management are also driving growth.

Gartner predicts that India is expected to be the fourth largest enterprise software market in Asia Pacific in 2014. By 2018, India’s share of the software market in Asia Pacific is expected to reach $6.8 billion.

Gartner said infrastructure software market will grow 11.8 percent to $2,674 million, while the size of the enterprise application software market will increase 14.8 percent to $1,524 million this year.

Meanwhile, 451 Research expects that the global Enterprise Mobility Management (EMM) market will grow from $3.8 billion in 2014 to $9.6 billion in 2018.

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