The National Association of Software and Services Companies presented the preview of the two-day NASSCOM Product Conclave 2011 schedules to be held. The theme of the summit provide a perspective of the various internal and external forces that the dynamically impact product businesses. The event will provide the entrepreneurs a forum to discuss these forces and find the solutions that will help them accelerate their software product business growth. The NASSCOM also hosted a product LaunchPAD wherein the 10 selected product startups unveiled a new products or a version an opportunity to directly interact with the media and launch their products. The NASSCOM commitment towards recognition of the innovative products driving the Indian software development revolution through the creation of the IP and the frameworks driving the national competitiveness of the country.
The last one year has seen heightened activity in the Indian software product ecosystem. The healthy market capitalization and a move to the cater to the domestic market are propelling rapid evolution of the next wave of the growth for the software products. The NASSCOM Product Conclave is their endeavor to bring together the software product ecosystem to understand the ever-evolving landscape, identify the next set of the challenges and the collectively work towards the over coming them to continue the growth momentum of the sector. The Indian software product business has recorded an impressive revenue growth of 22 percent over the last five years. Even more interesting trend is the vibrant growth of the start up software product companies in the country. The NASSCOM data indicates that over the 1100 software product start-ups have emerged in the least years. The focus through the NASSCOM Produ7ct Forum has been to evangelize the product opportunity for the country
With the huge success of the software companies in India, the Indian software industry in turn has become successful in making a mark in the global arena. The industry has been instrumental in driving the economy of the nation on to the rapid growth of the curve. The export of the software has also gone up, which has been instrumental in the huge success of the Indian software companies as well as the industry. The domestic software market largely depends upon sale of the software packages and the products which constitute major part of the revenues. The product account for almost 40 percent of the domestic market. More than 80 percent of the revenue from the software exports.
REFERENCE:
http://outsourceportfolio.com/indias-software-products-for-global-market/
