The digital acceleration is reason for 2021 to emerge as the ultimate watershed year for the IT industry, says Debjani Ghosh, president of India’s software trade association Nasscom. “From services to start-ups to multinationals, the industry grew by 15.5 per cent year-on-year with $227 billion revenue in FY2022,” she said at the Nasscom Women Product Champions launch. “The services ecosystem has been recognised globally. The e-commerce sector has grown phenomenally as much as the product ecosystem, complete with product portfolios.”
According to the Nasscom report ‘India’s Software Product Ecosystem– Accelerating Growth’, the software product sector has evolved substantially to reach $13.3bn in FY2022. The software product landscape has grown impressively as enterprises are moving towards the cloud. This has intensified the adoption of software products like SaaS (software as a service), digital banking, enterprise digitisation and SMBs (small and medium...