The Indian Software Product industry has undoubtedly become a burgeoning sector. It is on way to claim a significant share of the global mutli-billion dollar enterprise software product industry. iSPIx-B2B is an initiative from iSPIRT to put exact numbers on this exciting growth story.
iSPIx stands for ‘Indian Software Product Industry Index’ and read as ‘i-specs’. The index essentially captures the value of the top 30 Indian B2B Software Product companies along with a bunch of other statistics and information (employee numbers, company profile, product focus, funding type etc.). While the general data is used to get a broad picture of the industry profile, the key piece of information in this exercise, is the anonymize and aggregated valuation figure of the top 30 companies. This is used as a metric to gauge the size and growth of the Indian Software Product industry.
To our pleasant surprise, this turned out to be a $10.25 Billion figure recording double digit growth rates! These 30 companies are gunning across the business horizontals and verticals with their strong product portfolios. They directly employ over 21000 people. Click on this info-graphic to know who these 30 companies are (listed alphabetically and not terms of value size).
This iSPIRT hangout did provide an overview of the iSPIX initiative by iSPIRT and why it is necessary for the product ecosystem with its focus on B2B companies in the Indian context. The Indian B2B software product industry has been growing nicely outside of the spotlight – the enterprise value of the top 30 companies is $10.25 billion (₹65,500 crores) and they employ over 21,000 people. With such encouraging growth and global focus, it becomes important to see what insights we can gather about this relatively unsung group of companies.
The Hangout was moderated by Sharad Sharma, Co-Founder, iSPIRT and had Dev Khare, Fellow at iSPIRT & Partner at LightSpeed India & Raghu, Fellow at iSPIRT
To our pleasant surprise, this turned out to be a $10.25 Billion figure recording double digit growth rates! These 30 companies are gunning across business horizontals and verticals with their strong product portfolios and directly employ over 21000 people. Click on this info-graphic to know who these 30 companies are (listed alphabetically and not terms of value size).
Read the November 2015 edition of the iSPIx-B2B report to know more and watch the video if you are curious about how we put the index together.
We believe iSPIx is a Public Good that will help us in our vision of making India a Product Nation.
Guest Post by Raghu, Fellow at iSPIRT
