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India Software Market Poised to Grow at 13.7 Percent to Reach $6.1 Billion by 2019
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India, June 6 -- India software market is expected to grow with a year-on-year (YoY) growth rate of 13.7 percent and touch US$ 6.1 billion by the end of 2019, as per IDC's latest Asia Pacific (excluding Japan) Semiannual Software Tracker, 2018 H2 (July - Dec 2018). India maintained its leadership position as one of the top 3 contributors in the APeJ region's software market, accounting 12.0 percent of the overall market.
International Data Corporation (IDC) classifies the software market into three primary categories: Applications, Application Development and Deployment (AD&D), and Systems Infrastructure (SI) Software. Applications contributed the bulk of the spending with a 59.7% share, followed by AD&D and SI software with shares of 22...
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