Software market in India grew 10 per cent to USD 4.76 billion in 2013, driven by strong adoption of cloud or subscription-based services, research firm Gartner said.
The software market stood at USD 4.334 billion in 2012.
"The Indian software industry is in the middle of a multi-year cyclical transition as organisations are focusing investments on technologies to support existing system structure," Gartner Research Director Bhavish Sood said in a statement.
Organisations are doing this in order to maintain competitiveness, while still taking advantage of cloud/ subscription-based pricing where it makes sense to grow and advance the business, he added.
Microsoft was the market leader with 20 per cent share and USD 957.3 million in revenues. It saw its revenues growing 10.6 per cent from USD 865.9 million in 2012.
There was a shift in vendor rankings from 2013 with Oracle ranking second in terms of total software revenue with approximately USD 505 million in 2013 and capturing 7.3 per cent of the market.
"Trends around business intelligence and analytics, with increasing customer investments in database management systems, helped drive Oracle's top-line growth," Sood said.
IBM ranked third (USD 446.6 million), followed by SAP (USD 324.3 million), VMware (USD 94.4 million), CA Technologies (USD 52.7 million) and Adobe (USD 42.5 million). Others in the list included SAS and HP as well.
