Software Development India industry is now awakening to the potential of software product business in world market. It will ensure the success of a large number in the coming years by the numerous activities being witnessed now, coupled with the unique advantages for Software Development India companies by their product.
Years together, these companies have been making a foray into Software Development India product, but have been able to capture only a meager 0.21 % of the more than $180 billion global market which is amazing. The Indian Information Technology industry matures and they emerge for the need to look at innovations to sustain high margin growth, which makes them to look at Software Development India product space more aggressively.
The factor like strong domain knowledge and global exposure provides a stepping stone for Indian Information Technology firms to look at Software Development India products. Until now this was not being done by Indian companies, primarily focused on software services due to better risk and reward metrics.
Software Development India and software services industry's strong value proposition, low development costs, large development skill pool, mature quality control systems, proven offshore Outsource model and growing domain skills continue to hold India in good stead in the product development services by Offshore Outsourcing.
Certain products, opportunities like Software Development, custom applications, embedded software and delivery of specialized components, offshore product development, product acquisition and enhancement and development of shrink-wrapped products are available to these players.
The funding has been the largest constraint to growth for the Software Development India firms. By giving the higher capital requirement in the segment vis-à-vis services, several software product companies have been forced to look inward to finance their growth.
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