According to the research consultancy IDC, the global information technology (IT) market surpassed $3.7 trillion in 2015 and is on track to reach $3.8 trillion in 2016 (constant currency). This covers revenue generated from hardware, software, IT services, and telecommunications.

The vast majority of spending stems from IT purchases made by business or enterprises, with a small portion coming from consumer spending.

0

50

100

150

200

250

300

350

400

2009 2010 2011 2012 2013 2014 2015 2016 2017

Worldwide IT spending on enterprise software from

2009 to 2017 (in billion U.S. dollars)

Revenue (bn $)

0

5

10

15

20

25

30

35

2010 2011 2012 2013 2014 2015 2016 2017

Erp Revenue (in billion US dollars)

Revenue (bn $)

Effect of Global Economic Crisis on the

Indian IT Sector (2008)

Indian IT has been a net gainer because of the crisis since companies in the West are looking at ways to cut costs and hence they have increased the pace of outsourcing. This has resulted in more business coming the way of the Indian IT and BPO companies because of the humongous cost advantage that these companies give to the clients in the West

Economy of 2016-Sharing economy

We see the sharing economy empowering the software industry in at least three ways:

1. Driving more software innovation. The more people get used to giving away, trading and sharing things, the more likely they are to do this with software. In this context, “sharing economy thinking” will increase the amount of open source software while creating new models of collaboration among developers.

2. Converting sweat into equity. Companies allow you to monetize your skills. It is a platform that matches great startups with talented people who are willing to share their skills for upside.

3. Sharing IP. Another way the sharing economy is changing the game is in sharing ideas. From Elon Musk on one level giving away Tesla’s patents or people sharing their learnings on sites like Quora. There is a new level of idea sharing and open dialog today in the software business that is unprecedented.

The global ERP market would witness notable growth during the forecast period 2014–2020. Adoption of ERP software among business functions like Implementation of ERP software gives a substantial return on investment to customers. Companies can choose either on premise or cloud-deployment model to implement ERP software. Industrial verticals such as manufacturing and services, BFSI, retail and telecom, etc., have adopted ERP system. These verticals would upgrade their existing ERP with modern ERP as it facilitates easy integration with cloud platform and mobile devices. Thus, streamlining business processes become easy as compared with on - premise ERP system. Large enterprises have adopted ERP software to reduce complexity involved in business functions. Over the period of time, mid-size enterprises would increasingly adopt ERP to reduce their operational cost and track real-time information.

GDP Growth Rates

All the APAC countries expected to have high GDP growth rates with India about 7.5 % and China with 6.5% in the year 2016. -source economist.com

By 2018, enterprise IT spending in Southeast Asia will total $62 billion, according to forecasts from Gartner, Inc. The Southeast Asia region comprises 11 countries of which Singapore, Malaysia, Indonesia and Thailand spend the most on IT and account for roughly 80 percent of IT spend in the region. Together, Indonesia, Malaysia, Singapore and Thailand will spend $52 billion on IT in 2015, with annual growth of six percent.

India’s share of the software market in Asia-Pacific is expected to reach $6.8 billion by 2018, says Gartner.

0

2

4

6

8

10

12

14

16

18

2012 2013 2014 2015 2016 2017

Ach

senti

tel

ERP Revenue in apac region 2012-2013 and

forecast for 2014-2017 (in US billion dollar)

http://www.statista.com/

http://www.gartner.com/

Panorama 2016 report on ERP systems and Enterprise softwares.