Forecasted IT software segment spending in India 2013-2023
The IT spending of the software market in India was forecasted to be around 14.4 billion U.S. dollars in 2023. The increase in spending compared to 2020 was attribute 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.