Small and medium enterprises (SMEs, or companies with up to 999 employees) in India would invest close to $770 million on packaged software this year, up 21 per cent over 2007.
According to the latest report by AMI Partners, spending on database, accounting, networking, productivity and system software will account for more than 90 per cent of the total software spend this year.
Other areas include investments on back-end and front-end operations, marketing tools, sales tools, analytic tools and on a proper services and support structures.
Small enterprises (SEs, or companies with up to 99 employees) posted a 23 per cent rise in software spend, while medium enterprises (MEs, or companies with 100 to 999 employees) showed 28 per cent growth in software spend last year.
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