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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

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Extensive insights into the Growth of Independent Software Vendors Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • 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.

India Independent Software Vendors (ISV) Market Highlights Over 2020 - 2030

The India independent software vendors (ISV) market is estimated to garner a revenue of USD 1373.27 Million by the end of 2030, by growing with a CAGR of 11.47% over the forecast period, i.e., 2021 – 2030. Moreover, in the year 2020, the market registered a revenue of USD 456.46 Million. The growth of the market can be attributed to the growing IT industry in the country, along with the rising adoption of cloud-based technologies amongst the end-use industries. Moreover, as India is one of the major exporters of IT services around the globe, numerous small ISV providers are enhancing their services, which in turn is also expected to create numerous opportunities for market growth.

India Independent Software Vendors (ISV) Market Graph One of the major factors for market growth is the rising exports of services. According to the statistics by the World Bank, service exports in India increased from USD 92.889 Billion (in current US$) in the year 2009 to USD 214.762 Billion in the year 2019. CLICK TO DOWNLOAD SAMPLE REPORT

Service Exports image

Besides this, the increasing demand for value-added services (VAS) amongst the end-use industries, followed by the surge in integrated payment systems amongst businesses, are expected to drive the need for different types of software. ISVs are known for designing such customized software, which, as a result, would create numerous opportunities for market growth in the coming years.

Growth Drivers and Challenges Impacting the Growth of the India Independent Software Vendors (ISV) Market

Growth Drivers

  • Growing Exports of Services in India
  • Increasing Adoption of Cloud-Based Technologies in the Country

Challenges

  • Rising Concerns for Data Security
  • Increasing Operational and Capital Expenditure of ISVs

India Independent Software Vendors (ISV) Market Segmentation Synopsis

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.

Key Companies Dominating the Market

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.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
  • The report includes detailed company profiles of the major players dominating the market.
  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

FREQUENTLY ASKED QUESTIONS

  1. Market Definition and Research Methodology
    1. Market Definition and Segmentation
    2. Assumptions and Acronyms
    3. Research Objective
    4. Research Methodology
  2. Executive Summary
  3. Market Dynamics
    1. Drivers
    2. Challenges
    3. Trends
    4. Opportunities
  4. Industry Analysis
    1. Major Usage of Independent Software Vendor Market
    2. Pricing Analysis
    3. Application Analysis for End User Verticals
    4. Technological Assessment
  5. Impact of COVID-19 on India Independent Software Vendors (ISV) Market
  6. India Independent Software Vendors (ISV) Market
    1. Market Overview – Market Size (2020–2030)
    2. Market Segmentation by:
      1. Software Deployment
        1. Cloud, 2020-2030 (in USD Million)
        2. On-Premises, 2020-2030 (in USD Million)
      2. Application
        1. Healthcare, 2020-2030 (in USD Million)
        2. Financial Services, 2020-2030 (in USD Million)
        3. Industrial and Manufacturing, 2020-2030 (in USD Million)
        4. Retail, 2020-2030 (in USD Million)
        5. Public Sector and Utilities, 2020-2030 (in USD Million)
        6. Service Provider, 2020-2030 (in USD Million)
        7. Telecom, 2020-2030 (in USD Million)
        8. Media and Entertainment, 2020-2030 (in USD Million)
        9. Others, 2020-2030 (in USD Million)
  7. Competitive Landscape
    1. Tata Consultancy Services Limited
    2. Infosys Limited
    3. 3i Infotech
    4. C1 India
    5. Enaviya Information Technology Pvt. ltd.
    6. Cognizant
    7. IBM
    8. Bartronics India Limited
    9. KPIT Technologies Ltd
    10. Educomp Solutions Ltd.
    11. CMC Limited
  8. Primary Interview Analysis
    1. Indicative List of Respondents

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