Indian Economy News

India application software spending to reach US$ 4.7 billion in 2022: Gartner

  • IBEF
  • August 25, 2022

According to a report by Gartner, spending on enterprise application software in India is expected to reach US$ 4.7 billion in 2022, an increase of 14.8%, YoY.

"Driven by the digital transformation agenda, Indian enterprises will continue to expand the share of software spending in their broader IT spending, said Ms. Neha Gupta, vice president analyst.

Spending on applications like supply chain management (SCM), supply chain execution (SCE), and customer relationship management (CRM), which are essential for maintaining the quality of customer service, will rise as businesses look to address complex supply chains and volatile markets and more successfully adapt to change and disruption.

In order to continue supporting collaboration and remote/hybrid work, Indian businesses will also raise their spending on email, writing, and content services, according to the report.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.