New interest in software products

Business Standard
Sasken, Ittiam, Pramati, Subex, Tejas Networks and the like are a select breed of Indian companies infusing a whiff of newness in a space dominated by software and BPO services. The Indian software industry is now waking up to the potential of software product business. This is manifest in the number of such businesses being set up. The heightened activity being witnessed now, coupled with the unique advantages for Indian software product companies, will ensure the success of a large number in the coming years, feel industry watchers. Over the years Indian companies have made a foray into software product development but have been able to capture only a meagre 0.2 per cent of the $180 billion global market for products. Now, as the Indian IT industry matures and there emerges the need to look at innovations to sustain high margin growth, the need to look at product development space more aggressively is being realised. more...