Market Forecast By Software (CRM Software, Email Marketing Software, Social Media Advertising) And Competitive Landscape
Product Code: ETC4415605 | Publication Date: Jul 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Report Name | India Digital Market |
Forecast period | 2025-2031 |
CAGR | 23% |
Growing Sector | E-commerce Sector |
The India Digital Market Report thoroughly covers the market by software. The India Digital Market Outlook report provides an unbiased and detailed analysis of the ongoing India Digital Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
India Digital Market has experienced prominent growth and is likely to rise more in the near future as the market is driven by emerging middle-class, government initiatives, and rise of e-commerce. However, to ensure inclusive growth of the market, it is crucial to address the challenges of the digital divide and build a robust regulatory framework for digital transactions.
According to 6Wresearch, the India Digital Market size is anticipated to rise at a CAGR of 23% during 2025-2031. One of the main drivers of the digital market in India is the emerging middle class. With rising incomes and access to smartphones, the middle class is a significant contributor to the digital market growth. Additionally, the government's focus on digitization of services through initiatives such as Digital India is also driving the growth of the digital market. This initiative aims to provide digital infrastructure to all citizens and facilitate the delivery of public services electronically. Another significant driver is the rise of e-commerce. India is the second-largest e-commerce market in the world, and the sector is set to grow further in the coming years. These factors have been boosting the India Digital Market growth.
While the digital market in India is growing rapidly, it still faces several challenges. One of the main challenges is the lack of infrastructure. Reliable internet connectivity and low-cost devices are not accessible to all, particularly in rural areas. This digital divide is a significant hindrance to the growth of the digital market. Another challenge is the lack of trust in digital transactions. Many Indians are hesitant to use digital payments due to concerns about security and privacy. This lack of trust can be attributed to the limited regulatory framework around digital transactions.
Several key players are driving the growth of the digital market in India. Companies such as Flipkart, Amazon, and Paytm have played a significant role in shaping the e-commerce and digital payment landscape in the country. These companies have made significant investments in infrastructure and technology to improve their services, leading to increased adoption of digital payments and online shopping.
The Indian government has launched several initiatives to support the growth of the digital market. The Digital India campaign, as mentioned earlier, aims to provide digital services to all citizens and facilitate the delivery of public services electronically. Additionally, the demonetization drive in 2016 pushed for the adoption of digital payments, leading to increased awareness and usage of digital payment methods.
The Indian digital market holds immense potential for businesses, with the increasing internet penetration rate and the booming e-commerce industry being significant driving forces behind its growth. Digital payments, social media, and digital advertising are poised to play a crucial role in the future of online businesses in India. As India continues to move towards a cashless and digital economy, the future prospects for the digital market in India are nothing short of promising.
According to Dhaval, Research Manager, 6Wresearch, Customer Relationship Management software is the most popular software segment in India. It helps businesses to manage customer data, automate sales processes, and track customer interactions. As businesses expand their customer base, managing customer data becomes a crucial aspect. A good CRM software offers various features such as contact management, deal management, sales forecasting, and customer pipeline management.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Digital Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Digital Market Revenues & Volume, 2021 & 2031F |
3.3 India Digital Market - Industry Life Cycle |
3.4 India Digital Market - Porter's Five Forces |
3.5 India Digital Market Revenues & Volume Share, By Software , 2021 & 2031F |
4 India Digital Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Digital Market Trends |
6 India Digital Market, By Types |
6.1 India Digital Market, By Software |
6.1.1 Overview and Analysis |
6.1.2 India Digital Market Revenues & Volume, By Software , 2021 - 2031F |
6.1.3 India Digital Market Revenues & Volume, By CRM Software, 2021 - 2031F |
6.1.4 India Digital Market Revenues & Volume, By Email Marketing Software, 2021 - 2031F |
6.1.5 India Digital Market Revenues & Volume, By Social Media Advertising, 2021 - 2031F |
7 India Digital Market Import-Export Trade Statistics |
7.1 India Digital Market Export to Major Countries |
7.2 India Digital Market Imports from Major Countries |
8 India Digital Market Key Performance Indicators |
9 India Digital Market - Opportunity Assessment |
9.1 India Digital Market Opportunity Assessment, By Software , 2021 & 2031F |
10 India Digital Market - Competitive Landscape |
10.1 India Digital Market Revenue Share, By Companies, 2024 |
10.2 India Digital Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |