India Independent Software Vendors (ISV) Market Segmentation by Software Deployment (Cloud, and On-Premise); and by Application (Financial Services, Healthcare, Industrial & Manufacturing, Public Sector & Utilities, Retail, Service Provider, Telecom, Media & Entertainment, and Others) – Demand Analysis & Opportunity Outlook 2020-2030
Buy Now Report ID: 3592 | Published Date: Feb 07, 2023
The India independent software vendors (ISV) market is segmented by software deployment into cloud, and on-premise. Out of these, the cloud segment is expected to grow with the highest CAGR of 13.77% during the forecast period, and also attain the largest market revenue by the end of 2030. The market is also segmented by application into financial services, healthcare, industrial & manufacturing, public sector & utilities, retail, service provider, telecom, media & entertainment, and others. Out of these, the retail segment is expected to generate the largest market revenue of USD 432.58 Million by the end of 2030, up from a revenue of USD 118.66 Million in 2020. The segment is also anticipated to grow with the highest CAGR of 13.63% during the forecast period.
Growth Drivers
Challenges
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the India independent software vendors (ISV) market that are included in our report are Tata Consultancy Services Limited, Infosys Limited, 3i Infotech, C1 India, Enaviya Information Technology Pvt. ltd., Cognizant, IBM, Bartronics India Limited, KPIT Technologies Ltd, Educomp Solutions Ltd., CMC Limited, and others.
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the India independent software vendors (ISV) market that are included in our report are Tata Consultancy Services Limited, Infosys Limited, 3i Infotech, C1 India, Enaviya Information Technology Pvt. ltd., Cognizant, IBM, Bartronics India Limited, KPIT Technologies Ltd, Educomp Solutions Ltd., CMC Limited, and others.
August 19th, 2021: Tata Consultancy Services (TCS) announced that it has come into a strategic partnership with Google Cloud to launch Google Garages in Amsterdam, New York and Tokyo. Google Garages is a platform that would allow organizations to evaluate cloud solutions, apply analytics, develop and prototype applications and AI capabilities to address business opportunities.
June 21st, 2021: KPIT Technologies announced that it has signed a definitive agreement to acquire PathPartner Technology, which would allow KPIT to boost its software integration expertise.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Abhishek Verma, Hetal Singh
Ans: The growing exports of services in India, and the increasing adoption of cloud-based technologies in the country are some of the major factors expected to contribute to the market growth.
Ans: The market is anticipated to attain a CAGR of 11.47% over the forecast period, i.e., 2021 – 2030.
Ans: The rising concerns for data security and the increasing operational and capital expenditure of ISVs are estimated to hamper the market growth.
Ans: The major players in the market are Tata Consultancy Services Limited, Infosys Limited, 3i Infotech, C1 India, Enaviya Information Technology Pvt. ltd., Cognizant, IBM, Bartronics India Limited, KPIT Technologies Ltd, and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by software deployment and by application.
Ans: The retail segment is expected to generate the largest market revenue of USD 432.58 Million by the end of 2030 and display significant growth opportunities.
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