Indian domestic software market to hit $100 billion by 2035: Report

New Delhi, (IANS) India's domestic software market is set for massive growth, with projections indicating a five-fold increase over the next decade to reach $100 billion by 2035, a new report said on Tuesday.This growth will be driven by AI-led automation, cost-effective software development, increased adoption by small and medium businesses (SMBs), and expanding government digital initiatives, according to a report by SaaSBoomi and 1Lattice.The software market is currently valued at $20 billion in 2025.The report highlights how India's software market has grown seven times since 2015. However, nearly 75 per cent of the market is still dominated by global players.To achieve the next phase of growth, Indian startups will need to develop homegrown solutions tailored to the country’s unique business and regulatory needs.One of the biggest contributors to this expansion will be enterprise AI and cloud adoption, which is expected to add $35 billion to the market.Notably, digital-first businesses are expected to increase their software spending significantly, from $4.6 billion in 2025 to...
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realme to launch P3 Ultra & P3 smartphones with cutting-edge chipsets on March 19

New Delhi, (IANS): In an era where smartphones have become an essential part of daily life, performance plays a vital role in shaping the user experience. Whether it’s gaming, multitasking, or professional content creation, users demand devices that offer not just speed but also efficiency, stability, and seamless operation.As consumer expectations continue to rise, brands must push boundaries to deliver next-level performance. Leading this revolution, realme has consistently raised the bar with cutting-edge innovations, bringing flagship-level power to a wider audience.By making premium technology more accessible, realme empowers users to enjoy both powerful daily performance and exceptional gaming capabilities.With the upcoming launch of the realme P3 Ultra 5G and realme P3 5G, the brand is once again redefining smartphone performance, bringing unprecedented power to users. These smartphones introduce groundbreaking advancements, making them the most powerful smartphones in their segment.The realme P3 Ultra 5G debuts as the world’s first smartphone powered by the MediaTek Dimensity...
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Indian retail market set to reach Rs 190 lakh crore by 2034 as consumption surges

Mumbai, (IANS): India, the fastest-growing major economy, is set to become the third-largest by GDP by 2030, driving a Rs 190 lakh crore retail market by 2034, according to a report released on Thursday.Consumption in the country has been expanding at a pace ahead of other large economies. The Indian retail market is growing and this expansion has outpaced overall consumption, highlighting the sector’s resilience and strong momentum, according to the report by Boston Consulting Group (BCG) and the Retailers Association of India (RAI).India’s retail market has grown from Rs 35 lakh crore to Rs 82 lakh crore in the last decade, witnessing a 9 per cent growth."It is expected to be Rs 200 lakh crore in the next decade and will offer diverse opportunities which are all at scale and need very different operating models to deliver a winning proposition. There is an opportunity for multiple trillion-rupee turnover retailers by 2035," BCG Managing Director and Senior Partner, Abheek Singhi, said.Affluent households are projected to triple by 2030, creating significant opportunities in premium...
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