India’s $100B Domestic Software Opportunity

Why the Next Decade Demands a New Revolution

India’s tech story has long been synonymous with global outsourcing—but a seismic shift is underway. While the world applauds India’s IT services prowess, a quieter, domestic revolution is brewing. Today, India’s USD 20 billion domestic software market is dominated by multinational players. Yet, as this groundbreaking report reveals, this is just the tip of the iceberg.

By 2035, India’s domestic software market is poised to explode into a USD 100 billion opportunity, with homegrown companies positioned to claim up to 50% of this prize.

Authored in collaboration with SaaSBoomi and 1Lattice, this report redefines India’s software trajectory.

5 Forces Fueling India’s Software Surge

Enterprise AI & Cloud Adoption

AI-driven automation and cloud-first strategies will dominate enterprise budgets.

Digital Native Powerhouses

Startups and tech-first businesses will outspend traditional sectors.

SMB Digitization

Voice-enabled, vertical-specific apps will drive adoption in India’s fragmented small-business landscape.

Security & Compliance

Data localization and regulatory demands will spur software innovation.

Government-Led Digitization

Public-sector digital infrastructure projects will create massive downstream opportunities.

Rise of Digital Natives

3X

Higher software
spend as % of
revenue
compared to
other sectors

25%

Newly founded
tech startups
leveraged
DeepTech

79%

Startups adopting
enterprise
applications
integrated with
new-age
technologies

77%

Start-ups investing in
advanced
technologies,
including AI, ML, IoT,
and blockchain

Steering Committee & Authors

Amar Choudhary

CEO & Co-founder, 1Lattice

Avinash Raghava

CEO & Founding Volunteer SaaSBoomi

Devmalya Mukherjee

Director-Financial Investors, 1Lattice

Gowri Shankar Nagarajan

VC, Antler

Kuldeep Dhankar

Co-Founder, Last9 Inc

Praneet Singhal

Director-Techonology & Internet, 1Lattice
Ramya Segar - xto10x

Ramya Segar

Head – Learning Products Head, xto10x