Software in India
Summary
Software in India industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The software market encompasses applications used for business operations (e.g., ERP, CRM, etc.), as well as infrastructure software that manages IT systems and operations.
- The Indian software market had total revenues of $34,652.9 million in 2023, representing a compound annual growth rate (CAGR) of 12.8% between 2018 and 2023.
- The business process applications segment accounted for the market's largest proportion in 2023, with total revenues of $8,563.1 million, equivalent to 24.7% of the market's overall value.
- India accounts for 11.0% of the market share in the Asia-Pacific region.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the software market in India
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the software market in India
- Leading company profiles reveal details of key software market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the India software market with five year forecasts
- What was the size of the India software market by value in 2023?
- What will be the size of the India software market in 2028?
- What factors are affecting the strength of competition in the India software market?
- How has the market performed over the last five years?
- Who are the top competitors in India's software market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the most recent market developments?
- 8 Company Profiles
- 8.1. Infosys Limited
- 8.2. International Business Machines Corporation
- 8.3. Microsoft Corporation
- 8.4. Tata Consultancy Services Limited
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: India software market value: $ million, 2018–23
- Table 2: India software market category segmentation: % share, by value, 2018–2023
- Table 3: India software market category segmentation: $ million, 2018-2023
- Table 4: India software market geography segmentation: $ million, 2023
- Table 5: India software market value forecast: $ million, 2023–28
- Table 6: Infosys Limited: key facts
- Table 7: Infosys Limited: Annual Financial Ratios
- Table 8: Infosys Limited: Key Employees
- Table 9: Infosys Limited: Key Employees Continued
- Table 10: International Business Machines Corporation: key facts
- Table 11: International Business Machines Corporation: Annual Financial Ratios
- Table 12: International Business Machines Corporation: Key Employees
- Table 13: International Business Machines Corporation: Key Employees Continued
- Table 14: Microsoft Corporation: key facts
- Table 15: Microsoft Corporation: Annual Financial Ratios
- Table 16: Microsoft Corporation: Key Employees
- Table 17: Microsoft Corporation: Key Employees Continued
- Table 18: Tata Consultancy Services Limited: key facts
- Table 19: Tata Consultancy Services Limited: Annual Financial Ratios
- Table 20: Tata Consultancy Services Limited: Key Employees
- Table 21: India size of population (million), 2019–23
- Table 22: India gdp (constant 2005 prices, $ billion), 2019–23
- Table 23: India gdp (current prices, $ billion), 2019–23
- Table 24: India inflation, 2019–23
- Table 25: India consumer price index (absolute), 2019–23
- Table 26: India exchange rate, 2019–23
- List of Figures
- Figure 1: India software market value: $ million, 2018–23
- Figure 2: India software market category segmentation: $ million, 2018-2023
- Figure 3: India software market geography segmentation: % share, by value, 2023
- Figure 4: India software market value forecast: $ million, 2023–28
- Figure 5: Forces driving competition in the software market in India, 2023
- Figure 6: Drivers of buyer power in the software market in India, 2023
- Figure 7: Drivers of supplier power in the software market in India, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the software market in India, 2023
- Figure 9: Factors influencing the threat of substitutes in the software market in India, 2023
- Figure 10: Drivers of degree of rivalry in the software market in India, 2023
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