Forecasted IT software segment spending in India 2013-2024
The IT spending of the software market in India was forecasted to be around 17.7 billion U.S. dollars in 2024. The increase in spending compared to 2020 was attributed to the impact of the coronavirus (COVID-19) pandemic, which accelerated the process of digitalization for many companies. The global leaders of the enterprise software market are Microsoft, Oracle, and IBM.