Software products sector a key growth driver for India, shows data
The sector has the potential to further leverage new and emerging technologies and unleash its untapped potential.
 "Software services")
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30% spending by large and mid-size firms towards digital acceleration
India’s software products sector has evolved over the years from a $30-40 million revenue market in the 1990s to $10+ billion in 2019-2022. Being a critical pillar in driving the country’s economic growth, the sector has the potential to further leverage new and emerging technologies and unleash its untapped potential. In a recent analysis, Nasscom and UnearthInsights looked at this segment.