As per International Data Corporation (IDC) Worldwide Semiannual Software Tracker 2H20 (July–December), the Indian software market is estimated to reach US$7.6 billion by the end of CY21.
Despite the minor impact that the global pandemic had on the software industry in India, the growth of software development companies in India has been accentuated.
Businesses of various types, across diverse industries, are looking forward to using technology-based software solutions to streamline their workflow and improve collaboration across different departments.
Some of the most trending software systems that are in demand today are – Artificial Intelligence, Project Management, and Team Collaboration, Salesforce CRM Development, Data Science, and many more that help businesses seamlessly manage their operations and achieve growth despite COVID-19 and subsequent slow-down.
Software Industry – A Great Catalyst For Growth In India
The software industry in India has proved to be a great contributor on many fronts. Whether it be providing a vast number of job opportunities, contributing significantly to the nation’s economy, the software business has become the backbone of literally every business today.
For those who still have a vague knowledge of what software companies are and what their functions are, let’s dig deeper and find more about them.
What Is A Software Company?
A software company is a business that designs and creates products that help solve problems or achieve a specific outcome. These products are in the form of various types of software, distribution, software technology, software as a service (SaaS), and software product development.
To make software, these companies hire several people who specialize in different areas, like software programmers, testers, product developers, business analysts, digital marketers, etc. These professionals are responsible for executing the product idea, testing its performance, and ultimately marketing it to the target consumer segment.
Read: [List of] Top 10 IT Companies in India 2021
What Does A Software Company Do?
The main purpose of the functioning of software companies is to simplify, automate, and facilitate complex business processes through a suite of features including, but not limited to project management, team collaboration, reporting, resource management, customer relationship management, employee scheduling, business process management and much more.
Software companies make useful programs that individuals and organizations use every day to be more efficient at work. Software companies focus on key areas:
Development is the core function of software companies. Development is the first stage of creating software using specific programming languages. The software development process includes design, deployment, testing, and deployment.
Software design is the process of executing software development ideas that result in a feasible solution. Software companies consider project ideas and convert them into end products for users.
Design and programming go hand in hand. That said, programming is the core of the software. Programmers code software to make sure that the end product meets the needs of target customers. Programmers are also responsible for regularly updating the software to keep up with the changing trends and meet the ever-increasing needs of customers.
Best Software Companies In India
As mentioned above, the solitary purpose of all software companies in India is to make a product that can help individuals and businesses to simplify their work processes and achieve more efficiency while saving valuable time.
Read: Top 10 Companies Leading AI Innovation Worldwide, 2022
Let’s take a look at the top ten software companies in India.
With over 158,000 Agile-enabled employees, $14.9 billion annual revenue, and trusting clients in more than 50 countries, Infosys is a global leader in next-generation digital services and consulting. Headquartered in Bangalore, Infosys is the second-largest IT company in India after TCS. The tech giant offers information technology, business consulting, and outsourcing services, and has more than 4 decades of experience in managing global enterprise systems.
Infosys expertly steers its esteemed clients through their digital journey with an AI-powered core that assists in prioritizing the execution of change. The software biggie empowers businesses with agile digital at scale to deliver astonishing levels of performance and delightful customer experience. The company vehemently follows an always-on learning agenda to drive continuous improvement through creating and transferring digital skills, expertise, and ideas from our innovation ecosystem.
Larsen & Toubro Infotech Ltd.
Larsen & Toubro Infotech was established in the year 1997 and is headquartered in Mumbai, Maharashtra. The global technology consulting and digital solutions company is helping more than 460 clients succeed in a dynamic world. Besides having physical office spaces in different cities in India, the tech company also has offices in the Middle East, Europe, South America, Africa, Asia Pacific, etc.
The company has a dedicated team of more than 40,000 LTItes that works tirelessly to help clients enhance their business’s technological and operational efficiency. The company’s “Business-to-IT connect model is the direct result of its strong parentage and constitutes a source of competitive advantage for them. The model is further supported by the onboarding of subject matter experts from the L&T group of companies to accentuate the development of solutions, driven by business context, and ingrained in deep knowledge.
Tata Consultancy Services (TCS)
The largest IT services company in India, Tata Consultancy Services aka TCS, combines business intelligence and tech expertise to catalyze change and deliver results. As a global leader in IT services, digital, and business solutions, the tech biggie partners with clients to simplify, strengthen and transform their businesses. Another feather in the cap of TCS is that it is a top employer globally and has a massive team of 528,748 employees representing 157 nationalities across 46 countries.
TCS’s mission is to help customers achieve their business objectives through class-leading, innovative IT solutions, and services. The customer-centric engagement model defines how this tech company engages with its customers, offers specialized services and solutions that meet their varied needs.
MindTree is a global technology consulting and services company that empowers businesses across various industries to outperform their competitors. MindTree takes an Agile, collaborative approach to formulate and deliver customized solutions across the digital value chain. The company’s vast expertise in applications management and infrastructure turns Information Technology into a strategic asset.
MindTree was founded in the year 1999 by Subroto Bagchi, Ashok Soota, Namakkal Parthasarathy, Krishnakumar Natarajan. The company’s headquarters are in Bengaluru, India, and New Jersey, USA. The company deals in e-commerce, mobile applications, cloud computing, digital transformation, EAI, data analytics, and ERP. The company is a partner to more than 260 of the world’s most pioneering enterprises. More than 29,700 talented professionals across 24 countries work for MindTree, which is recognized as one of the best places to work.
Wipro was founded in 1945 by M.H. Hasham Premji is a leading global information technology, consulting, and business process services company headquartered in Bengaluru. The company harnesses the power of cognitive computing, robotics, hyper-automation, analytics, cloud, and emerging technologies to help clients adapt to the digital world.
Wipro caters to clients across six continents through more than 220,000 dedicated employees. The company is recognized across the globe for its comprehensive portfolio of services, unwavering commitment to sustainability, and good corporate citizenship. The spirit of Wipro is the core of Wipro – be passionate about clients’ success, be global in our thinking and actions, treat each person with respect, and practice unyielding integrity in everything they do.
Tech Mahindra Ltd.
Tech Mahindra was founded in 1986, and it is headquartered in Pune, India. The software biggie offers customer-centric and innovative digital experiences and is committed to empower enterprises, associates, and the society to rise. Tech Mahindra offers a wide range of solutions – Next-Gen solutions, Cloud, ADMS Java & Open Source, Enterprise Architecture, Enterprise of Future, etc.
Tech Mahindra is one of the fastest-growing brands and ranks amongst the top 15 IT services providers globally. The software company aims to enhance ‘Human Centric Experience’ for our ecosystem and inspire collaborative disruption through synergies stemming from a strong portfolio of companies. Nearly 260,000 employees in over 100 countries are committed to pursuing excellence and driving a constructive change in the lives of communities and stakeholders.
Accenture is a Fortune Global 500 company that offers services like Artificial Intelligence, Change Management, Digital Commerce, Infrastructure, Business Strategy, Data & Analytics, Supply Chain Management, Zero-Based Budgeting, and more. More than 624,000 Accenture employees worldwide care deeply about what they do and their impact on clients and communities. Accenture has offices in 200 cities in 50 countries.
As of 2021, Accenture has made 19 consecutive appearances on the list of Fortune’s “World’s most admired companies”. Ethics, human rights, and strong corporate governance are key drivers of Accenture’s business strategy. The company continually considers and monitors the intended consequences of AI and related technologies.
Founded in 1976 by Shiv Nadar, HCL Technologies is a next-generation global technology company that is headquartered in Noida, India. This hugely popular global tech giant creates products for enterprises to help them digitize their processes in this tech-savvy age. HCL takes immense pride in its long and fulfilling journey that spans four decades of innovation, world-renowned management philosophy, a culture of risk-taking and invention, and an unflinching focus on customer relationships.
The software giant offers a wide suite of services including but not limited to enterprise transformation, engineering, remote infrastructure management, business process outsourcing, etc. HCL Technologies earns annual revenue of more than $10.82 billion, with around 187,000 experts from 157 nations rendering their services in 50 countries. HCL delivers holistic services across industry verticals to leading enterprises, including 250 of the Fortune 500 and 650 of the Global 2000.
ProofHub is an award-winning project management and team collaboration software that is ranked amongst the most affordable and functional solutions for businesses and teams of all sizes. Preferred and used by more than 85,000 teams across the globe, including the likes of Nike, NASA, Pinterest, and Netflix, ProofHub was founded in 2011 with the sole purpose of helping businesses achieve simplified, hassle-free project management and enhanced team coordination. Currently, ProofHub has offices in the United States and Russia.
ProofHub offers a wide range of features to teams for being more productive (time management, task management, Group chat, scheduling calendar, file management, custom reports, and much more) under one virtual roof at affordable, fixed pricing plans, and they have an unparalleled passion for bringing new technology, new ideas, and unflinching determination to achieve their goals. The hardworking, knowledgeable, and highly driven team at ProofHub is small in size but packs a powerful punch when it comes to delivering what people need at the right time in this tech-savvy age. With an ever-expanding customer base across the globe, ProofHub is aiming to be a powerful and affordable power tool to solve all your project management needs.
Hyperlink InfoSystem is an Ahmedabad-based software company and figures amongst top-ranked app-development service providers not just in India but across the globe. The company also has its offices in the United States, United Kingdom, France, UAE, and Canada. The company offers web app and development services, Big Data solutions, AI solutions, AR/VR, CRM solutions, and much more.
Hyperlink InfoSystem has over 2300 worldwide clients, successfully delivered more than 1600 website projects and over 3500 apps/software customized solutions for businesses of various types and sizes. The company was founded in 2011 and more than 200 employees render their services to the organization. The company has started working on the latest technologies – Blockchain, Salesforce, Artificial Intelligence, Internet of Things, Business Intelligence, Data Science, and many more.
Hyperlink InfoSystem believes in embracing the Client’s Idea and delivering the best solutions by leveraging advanced technologies. The software business aims to collaborate with the best tech partner for global businesses in the near future and forge long-term relationships.
The aforementioned software companies in India are ten of the biggest names in this thriving industry. These top-ranked software giants are a great source of inspiration to a large number of startups and well-established companies. In this digital age, there are endless possibilities for innovations, and who better than these software giants to lead the way!