Software Products - At A Glance
High demand for structure management data software Acquisitions in cloud computing and enterprise software businesses increased, Adobe to acquire Marketo, a marketing automation company
USD billion
7.4% 515
479 2017
Global software spending continues to see a rise
2018
SaaS to contribute USD 129 billion (7%) of the total software & services market by 2022 Global cloud computing to grow at a CAGR of 16.5% to reach USD 345 billion by 2022 Global Enterprise software market to grow at 8% till 2023 to reach USD 634 billion Americas lead the software spending followed by Asia Pacific and EMEA
Focus on security, marketing product businesses for many firms, HCL acquisition of IBM product business is the biggest example
USD billion
6.8% 8.2
7.7 FY2018
Indian Software product market continues to maintain a good growth
FY2019E
Strategic Review 2019 : Decoding Digital
More than 50% of the total software market spending is done on Applications followed by Application Design & Development and System Integration For the period till 2022, ERM, content workflow and management, collaborative applications and CRM will be the major drivers SaaS contribution in India market to reach USD 3.4 billion by 2022