2. According to the research consultancy IDC, the
global information technology (IT) market
surpassed $3.7 trillion in 2015 and is on track to
reach $3.8 trillion in 2016 (constant currency).
This covers revenue generated from hardware,
software, IT services, and telecommunications.
The vast majority of spending stems from IT
purchases made by business or enterprises, with
a small portion coming from consumer spending.
6. Effect of Global Economic Crisis on the
Indian IT Sector (2008)
Indian IT has been a net gainer because of the crisis since
companies in theWest are looking at ways to cut costs and
hence they have increased the pace of outsourcing.This has
resulted in more business coming the way of the Indian IT
and BPO companies because of the humongous cost
advantage that these companies give to the clients in theWest
7. Economy of 2016-Sharing economy
We see the sharing economy empowering the software industry in at
least three ways:
1.Driving more software innovation.The more people get used to giving
away, trading and sharing things, the more likely they are to do this with
software. In this context, “sharing economy thinking” will increase the
amount of open source software while creating new models of
collaboration among developers.
2.Converting sweat into equity. Companies allow you to monetize your
skills. It is a platform that matches great startups with talented people
who are willing to share their skills for upside.
3. Sharing IP.Another way the sharing economy is changing the game is
in sharing ideas. From Elon Musk on one level giving awayTesla’s patents
or people sharing their learnings on sites like Quora.There is a new
level of idea sharing and open dialog today in the software business that
is unprecedented.
8. The global ERP market would witness notable growth
during the forecast period 2014–2020. Adoption of
ERP software among business functions like
Implementation of ERP software gives a substantial
return on investment to customers. Companies can
choose either on premise or cloud-deployment model
to implement ERP software. Industrial verticals such as
manufacturing and services, BFSI, retail and telecom,
etc., have adopted ERP system. These verticals would
upgrade their existing ERP with modern ERP as it
facilitates easy integration with cloud platform and
mobile devices. Thus, streamlining business processes
become easy as compared with on - premise ERP
system. Large enterprises have adopted ERP software
to reduce complexity involved in business functions.
Over the period of time, mid-size enterprises would
increasingly adopt ERP to reduce their operational cost
and track real-time information.
9.
10. GDP Growth Rates
All the APAC countries
expected to have high
GDP growth rates with
India about 7.5 % and
China with 6.5% in the
year 2016.
-source economist.com
11. By 2018, enterprise IT spending in Southeast Asia will
total $62 billion, according to forecasts from Gartner,
Inc. The Southeast Asia region comprises 11
countries of which Singapore, Malaysia, Indonesia and
Thailand spend the most on IT and account for
roughly 80 percent of IT spend in the region.
Together, Indonesia, Malaysia, Singapore and
Thailand will spend $52 billion on IT in 2015, with
annual growth of six percent.
India’s share of the software market in Asia-Pacific is
expected to reach $6.8 billion by 2018, says Gartner.