Software Companies in India

From past few years, Indian software industry is growing rapidly and is now home to some of the finest software companies around the world. Software development in India are reputed across the globe for their effective IT and business related solutions.

With a huge demand of software companies in India, the Indian IT arena is growing day by day and making a mark in international market. Software Industry has been instrumented in driving the economy of the country on a rapid growth curve. As per statistics of NASSCOM, the IT/ITES domain recorded a growth of 6-8 percent in year 2014-2015.

The export of IT has also improved remarkably, which has been instrumental in the huge success of the Indian software companies as well as the industry. If we go with the figures, software export from nation accounts for more than 65 percent of the total software revenue. The internal software market largely depends upon the sale of software utilities, packages and products, which constitute major contribution to revenue. Products accounts for more than 40 percent of the domestic arena. On the contrary, more than 80 percent of the revenue from software exports come from software services like custom software development and consulting services etc.

If we dig deep, we could explore the reasons behind the Success of Indian software firms. There are numerous reasons why the level of IT and software development is improving rapidly. Apart from Indian software companies, a number of multinational giants has also plunged into the Indian IT industry.

India is the hub of cheap and skilled software experts and professionals, which are available in abundance. It is a huge plus for software companies to develop cost effective business models and solutions for their clients. As a result, Indian software development companies can feature their products and services in the global market in the most competitive rates. This is one of the major reason why India has been a favorite destination for software outsourcing as well. Many MNC IT giants also have their offshore development centers in India. Cheaper Salary rates which are almost equal to one fifth of the salaries paid to US and European IT counterparts have also helped outsourcing companies like Infosys, Tata Consultancy, and Wipro. The major services offered by software development companies in India includes Custom business development, Collaborative Content Management, Internet Marketing, Web branding Services, database Migration services, customization services, application development, Outsourcing, ERP solutions, i-Phone App Development, Collaborative commerce, Programing Services, Quality assurance and testing devices, multimedia offerings and consulting etc.

Author have more than 10 years experience in software development and product development