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%.