Iconix Digital

India has become a global leader in business process management (BPM) and information technology (IT) thanks to the substantial expansion of its digital software sector. The industry brought in over $227 billion in fiscal year 2022, a 15.5% rise from the previous year. With projected revenues of $245 billion for fiscal year 2023, this rising trend persisted.  With a 7.5% share in fiscal year 2023 and a projected 10% share by 2025, the IT sector makes a significant contribution to India's GDP. The quick use of digital technologies in some industries, such as retail, healthcare, and finance, is what is causing this rise. By encouraging the creation and use of domestic software, government programs like Make in India and Digital India have sped up this transition even more. A major factor in the growth of the sector is the software products category. With a compound annual growth rate (CAGR) of 15.2%, it is expected to increase from its 2024 valuation of $43.1 billion to $101.64 bill...