India’s Application Software Spending Expected to Grow by 15 in 2022

A new report indicates that end-user spending on enterprise application software in India will increase by 14.8% in 2022 from last year.

Gartner’s latest report sheds light on user spending on enterprise application software spending. Spending is expected to rise 14.8% to $4.7 billion in 2022.

“Driven by the digital transformation agenda, Indian enterprises will continue to increase the share of software spending in their broader IT spending. Organizations are increasingly relying on software to manage all aspects of their business,” said Neha Gupta, vice president analyst at Gartner.

But the report says software spending growth will be lower overall than it was in 2021. This will be due to volatility in the global macroeconomic situation, which will affect business uncertainty. Companies favor “quick win” projects and avoid/put on hold long-term projects for shorter ROI or competitive advantage.

Photo credit: Gartner

The Gartner report highlights that Indian companies will look to increase their spending on messaging, creative and content services to continue to support collaboration and remote/hybrid working.