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India software products sales to hit $30 billion by 2025, says Nasscom


India’s software product industry is expected to post $30 billion in yearly revenue by 2025, as local players expand globally and several new companies get into the products space, a report by industry body Nasscom and market research company UnearthInsight said.


"We are very bullish about their international expansion as global markets are opening up for Indian product companies," said Ramkumar Narayanan, chairperson of Nasscom Product Council.


Software products could mean mean customer relationship management or enterprise resource planning tools built by companies like Zoho Corp, Freshworks or Tally Solutions. Also, licensed software products built by Indian companies such as Infosys and Ramco Systems for core banking and payroll management come under this definition.


Read more at: https://economictimes.indiatimes.com/tech/technology/india-software-products-sales-to-hit-30-billion-by-2025-says-nasscom/articleshow/90574542.cms

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