India Software Industries waking up!Tuesday, January 17, 2006
India software industries are now waking up to the budding of software product business. This has manifested in the number of such businesses being set up throughout the nation. India software is now an unconventional product and the unique advantages help in the growth globally to ensure a large amount of success when in collaboration with giant IT sectors of other countries. As India software industry now emerges to look for innovations to sustain high margin growth and the need to look at product development with more space being realized.
According to recent studies by Nasscom and IIM-Bangalore jointly showed that the revenue potential has risen to $7 billion by 2010. Exports of all types of software products have set up their service centers all over the India. This will hugely affect the Government and India software will help the developing nation to come up with innovative skills and professionals with renowned knowledge in IT sectors.
Subhash Menon, CEO, of Subex Systems during one of his interview heightened the point that ‘India will have several globally successful software product systems in the next 4-5 years.’ The ecosystem and infrastructure required to promote a new India software has begin to happen by changing the regulatory framework and offering attractive perks to the workers. The strong domain knowledge and good exposure to the software industry are the main qualities looked by the India Software industry to hire employees. The nation has developed better risk-reward statistics.
The global software market product shows a multitude of opportunities to embark on a new journey to India Software. The services provided by offshore development India are proving its stead with a strong value proposition, lower costs, large development pools, offshore models and human resources mainly fresh-graduates in the IT field. Opportunities are available to Indian players in custom applications, embedded software, and delivery of specialized components as offshore product development.
Western countries are now seeing the benefits that they get from offshore outsourcing their products to India. India software has shown its benefits in all kinds of toughest environment wherein the markets are having competitive pressures to increase their profitability. This has led to the emergence of India as a destination for outsourcing development.
Human resources of India Software are highly skilled and expertise in running operations and processes. The IT sectors nowadays are looking for the expertise as they want to release their products safely and used commercially by all the India Software businesses. Software companies are recognizing the transformational potential of product development lifecycle and recaptures the services at healthy margins