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IDC: Indian software market grows 10.7% in H1 2014

Report attributes growth to political stability & economic revival

The Indian software market grew 10.7% in the first half of 2014, due to political stability & economic revival, research firm International Data Corp (IDC) said in a report.

Firms offering virtualisation and cloud services generated good business owing to greater market awareness, while database & analytics companies registered strong double-digit growth due to widespread demand for customer insights & analytics.

IDC expects the software market to grow at a stable pace in the next 3 years with a compound annual growth rate (CAGR) of 10.5%.

Source: http://www.livemint.com/Industry/lv5tHZJ9sANkF8bu9SmjMP/Indian-software-market-grows-107-in-H1-2014-says-IDC.html?utm_source=copy

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