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India's enterprise application software spending to outpace China

IANS  |  New Delhi 

Enterprise application in is projected to reach $2.5 billion in 2018 -- a 19.8 per cent increase from 2017 which that is 0.9 per cent more than the predicted investment by at $5.1 billion -- a 18.9 per cent rise from last year, a new survey said on Monday.

According to market firm Gartner, while both countries are poised for continued growth, organisations have different criteria for selecting the vendors they use.

"China's and India's enterprise application has grown at double-digit rates historically and they will continue to be hot spots," Keith Guttridge, at Gartner, said in a statement.

"To be competitive in those countries, in must understand and spending intentions," Guttridge added.

While corporate branding is an in China, firms in focus more on pricing and contract flexibility, the survey said, adding that India's spending intention is more aggressive than China's.

"In all categories, has a higher percentage of respondents who want to increase spending across all enterprise applications. Enterprise (ECM), (BI), customer relationship management (CRM) and open source (enterprise edition) were the most popular in India. In China, the most popular were open source, ECM and CRM," the survey found.

Apart from transforming to digital business, respondents suggested increased competition, alignment of IT to business and rate of are the reasons that would drive increasing in 2018.

In India, increased software spending is being strongly influenced by overarching digital transformation (chosen by 91 per cent of respondents), followed by mobile (88 per cent) and (AI -- 88 per cent).

In China, Cloud/Software-as-a-Service (SaaS) offerings lead as the top influencer (chosen by 63 per cent of respondents), followed by Internet of Things (IoT - 62 per cent) and mobile (60 per cent).

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 12 2018. 14:46 IST
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