India software market to touch $6.1 billion in 2019: IDC

New Delhi: The Indian
software
market is expected
to grow at a year-on-year (YoY) rate of 13.7 per cent and
touch $6.1 billion by the end of 2019, a report by the International Data Corporation (IDC) said on Thursday.

According
to the IDC's "Asia Pacific Semiannual
Software Tracker" (excluding Japan), H2 2018 (July-Dec 2018),
India maintained its leadership position as one of the top three contributors in the APeJ region's
software
market, accounting for 12 per cent of the overall
market.

"Indian organisations are increasingly looking at harnessing big data and business analytics
toincrease competitive advantage. There is a renewed thrust on modernising and evolving enterprise applications and accelerating Cloud-related initiatives.

"Over the course of the next 24 months, Indian organisations would attempt at maximising their investments in analytics, Cloud, and Artificial Intelligence through appropriate monetisation mechanisms. This is slated
to act as a catalyst in driving digital transformation," Ranganath Sadasiva, Director, Enterprise Solutions, IDC
India, said in a statement.

The
market research firm classifies the
software
market into three primary categories -- Applications, Application Development and Deployment (AD&D), and Systems Infrastructure (SI)
Software.

Applications contributed the bulk of the spending with a 59.7 per cent share, followed by AD&D and SI
software with shares of 22.8 per cent and 17.5 per cent, respectively, in H2 2018.