This post gives a overview of the Chile IT market.  This Chile Information Technology Report provides industry professionals and strategists, corporate analysts, information technology associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Chile’s information technology industry.

Market Overview:

Chilean IT spending is expected to grow around 10% in 2010 with sales of US$2.3bn, which will increase to around U$3.4bn by 2014. Chile’s IT market is one of the most developed in Latin America and, with many indicators now turning positive, is projected to grow at a compound annual growth rate (CAGR) of 11% over the 2010-2014 period.

It is still too early to assess how the Chilean earthquake and subsequent reconstruction efforts will impact on the local IT sector, but rebuilding is expected to begin apace in H210. Organisations in government and other sectors, which are in need of updating of services and IT infrastructure, may take advantage of the opportunities presented by reconstruction to advance this agenda.

Chile retains some strong IT market fundamentals, including consumer affluence and a relatively favourable business environment. Chile’s development as an off shoring location will attract more investment in IT services, with sectors like retail, distribution, financial services, telecoms and healthcare all offering opportunities. Read the rest of this entry »

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Testing market to reach heights in 2010!

Software Testing is one of the emerging area in IT industry which is rapidly growing. Increased competition and customer demand has made software testing a key operation which demands nowadays top talents and pay packets.

http://resources.ipott.com/softtrend/wp-includes/js/tinymce/plugins/wordpress/img/trans.gifAs software users become “certificate-conscious”, developers are queuing up to use the services of independent software testing (IST) service firms. CIOL, talks about the testing domain, scope of current testing market and how the entire domain has evolved over year.

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In the last decade, ERP software has exploded into the global business landscape. With the opening up of the Indian economy, there has been a turnaround growth in different industry verticals thereby helping them reach a level of maturity that demands advanced technology to efficiently manage and streamline their processes. This growth and along with the associated competition and quest for enhancing market share has led the organizations to re-look at its processes and procedures and put in place proper processes enablers and solutions to make its business more efficient and effective. Many Indian industries already have realized the need for ERP solutions, and the industry-related market growth should match the expansion of the sector as a whole.

According to a research report, The Indian ERP market experienced compounded annual growth rate of 25.2 per cent during the period

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B2B purchase practice in Indian subcontinent: Trends and Opportunities

Indian Consumer market seems more bigger than B2B marketplace, but when it comes to actual figures, whether in terms of currency or quantity, B2B overpowers consumer markets. Whether conducted through face to face meeting or indirect channel, these organizations have to deal with complex purchasing and selling decisions, side by side handling many people for same account or project having many decision makers, influencers, end users, etc.

Further, these markets can be seen as divided into four categories:

  • Commercial Market
    • Sells raw material used in production
    • Sells product which aid in production
    • Sells maintenance supplies
  • Trade Industry
    • Wholesaler
    • Reseller
  • Government organization/ Public Sector Unit
    • Under Central government
    • Under State government
    • Under Foreign government
  • Institutions
    • Hospitals
    • Church/Temple, etc
    • College/university
    • Museum
    • Not-for-profit organizations

Indian IT Industry Overview

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Manufacturing, Financial Services, Telecommunications and Government Remain Top Spending Sectors

?China’s enterprise software market is forecast to maintain its strong performance, with an estimated compound annual growth rate (CAGR) of 14.6 per cent from 2008 to 2013 – the highest growth rate in the world, according to Gartner, Inc.  Despite current global conditions, the software market in China is expected to rebound to an annual growth rate of 14.8 per cent in 2010. Gartner analysts said that the increasing globalization of the Chinese economy is leading to a growing need for modern software with the latest features and improved functionality.

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Indian Software Product Market is going to get extremely bullish… it’s time for software vendors to understand and prepare theirproducts for this new emerging market…

We were trying to identify the parameters which influence the market.   The 4C’s (customer, cost, competition & change) are driving the market. We wanted to drill down to basics.   Result was the question on “the top 3 parameters which influences a company’s decision in software vendor selection process”.

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Developing Nations in Asia and Latin America trying to emulate India’s Success Story

The Indian software exports, as is well known, have grown from less than $100 million before 1990 to over $5 billion in 2000. What is not well known is that revenue per person per year has grown from less than $20,000 to over $50,000 in most large companies in the last five years. This is not simply due to ‘inflation’. Though the industry is still focused on tapping the huge software services market, most of the big players have moved from lower value services to higher value services.

In the early days, the service was primarily providing technical manpower, which later moved to providing low-value services like coding and testing. Now Indian companies are operating even at the top end of the spectrum in terms of technology (Corba, Java, E-commerce, etc.) or the services (complete business solutions, consultancy, strategy, etc.). The high rates they command is an indication of the perceived value in the eyes of the customer of the services they provide.

The amazing story of the Indian software industry has spread far and wide. Not only the developed countries but also other countries are equally impressed by the performance of the industry. From the presentations that representatives of various Asian and Latin American countries made in a recent workshop in China on ‘IT industry in developing countries’, it is evidently clear that many developing countries today want to emulate the Indian success story.
Within India, however, many people continue to view the industry’s success with a mixture of admiration and skepticism. There is a lingering fear or doubt in the minds of many about whether the industry is inherently strong or is it just tapping a window of opportunity which will soon be tapped by other Asian countries with large population and better infrastructure. Given the state of almost everything else in the country, such doubts are not unreasonable. However, India Software Inc has developed some solid strengths that will continue to serve it well, and which will not be easy to emulate by others.

We at iPOTT (www.ipott.com) initiated a SWOT, gathering information and opinion from the market.  The summed up information is very beneficial for the understanding of the INDIAN SOFTWARE MARKET.

read more:

“Strengths” that make India Software Inc

“ More Strengths” that make India Software Inc

“Weaknesses” of India Software Inc

“Opportunities” in the face of India Software Inc

“Threats” that make India Software Inc

The SWOT in a nutshell..
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Asia/Pacific Infrastructure Management Software Market to See Brighter Days in 2010

IDC finds that the negative impact from the economic crisis is almost over for the infrastructure management software market in most countries in the Asia/Pacific excluding Japan region (APEJ). Budgets and purse strings have started to loosen up again with a rebound expected in 2010. IDC expects the infrastructure management software market to experience a 12% year-on-year growth and return to double-digit growth rates during the forecast period up to 2014, according to IDC’s Asia/Pacific Semiannual Software Tracker.

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Orissa state Chief minister Naveen Patnaik on Friday inaugurated the Software Technology Park of India (STPI) putting the state in the focus for IT services related investment. The software park will give a push to local Information Technology entrepreneurship and increase the opportunities for firms in the region. It will also play a major role in the development of IT infrastructure in the state, according to Mr. Patnaik. He expressed that the state has seen significant growth in the IT sector in the last five years and the growth will increase manifold in the next three to four years as more and more BPOs, IT and financial services express their interest in the state. STPI is set up at Ambapua on the outskirts of Berhampur and it will be the third such park in the state after Bhubaneswar and Rourkela.

Minister of State for Communications and IT Sachin Pilot was also present the event for the inauguration of eh park. He insisted that the youth in the region should contribute to the growth in the economy.

Director General of STPI Omkar Rai said that that main objection of the park will be to attract IT investment in the state which is expected to create indirect employment for state youth educated in technical fields.

Courtesy: TopNews

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