India accounts for 0.2 per cent of global software product revenue

New Delhi, Feb. 27: Accounting for a meagre 0.2 per cent of the global sales in 2002, India’s software product revenue in 2002-03 touched Rs 1000 crore with exports accounting for 60 per cent, according to Nasscom Strategic Review 2004.

"Total revenue from software products for Indian companies in 2002-03 was around Rs 1000 crore, accounting for a meagre 0.2 per cent of global software product sales in 2002", it said, adding revenue from software products exports declined to Rs 600 crore in the period from Rs 1500 crore in 2001-02.

Major Indian players i-Flex Solutions, Infosys and Tally each had Rs 100 crore plus sales in software products in 2002-03, according to Nasscom.

Together they account for Rs 632 crore or 63 per cent of the total Indian product revenue while other key players includes TCS, Polaris and small companies like Newgen, Kale and ESS.

Majors like Microsoft, Oracle, PeopleSoft, Adobe continue to dominate the software market with the total packaged software market in India touching Rs 1996 crroe in 2002-03 and Indian products accounting for about 6.7 per cent of the overall market.

The market grew at a CAGR of five per cent from 2001-02 to 2002-03. Exports of packaged software products, account for two per cent of overall software products. (PTI)