The results of a global study commissioned by CA Technologies (NASDAQ: CA) show that “ Leaders” who are investing in new innovation and development capabilities are growing revenue at more than twice the rate of “Laggards”, creating an Application Divide in the marketplace.
The majority (78%) of the Indian IT leaders surveyed indicated that their enterprises are being moderately to extremely impacted by the application economy. However, there are numerous factors preventing them from responding effectively to the impact of the application economy and becoming adept at software development:
- Security issues: 47%
- Budget constraints: 38%
- Lack of knowledge and/or skills: 31%
- Lack of resources: 28%
- Too difficult to change the company’s strategy: 26%
- Lack of understanding by executive management: 24%
- Other projects are taking priority: 18%
To meet the demands of this new application economy, the Indian enterprises are taking the following steps:
- Half of respondents believe that investments within the bracket of 30%-70% towards application development over the next five years will increase business efficiency
- Bringing more application development in-house – around 47% will be developed in house in two years’ time, an increase of 4%
- Acquiring software companies to add development capabilities – 66% have made or are in the process of making one in the next 12 months
- Increased competitive market conditions coupled with intense pressure to release applications quickly to meet customer demand have impacted 37% of IT leaders to expand their business operations into different verticals.
The report also demonstrates that in current market conditions, innovation is the need of the hour and 53% of IT leaders feel the need to adopt DevOps to improve quality and performance of applications.
Commenting on the study findings, Sunil Manglore, managing director, CA Technologies India said, “The vast demographics of a country like India offers exciting opportunities for businesses to thrive. Enterprises today are realising the value of application economy in aiding their growth. To delight their customers, they are willing to adopt newer technologies. The world of smarter, innovative applications and their development will open up a host of opportunities to drive business. We look forward to help our existing and potential customers to transform, become part of this innovation wave and experience business growth.”
Survey Methodology 650 senior IT and business leaders from financial services, healthcare, manufacturing, retail telecommunications and media / entertainment in six markets in Asia Pacific and Japan, namely Australia, China, India, Japan, Korea and Singapore, participated in the CA Technologies-sponsored study conducted by Vanson Bourne. This is part of a global survey involving nine other countries in the Americas, and EMEA. Click
here to download the whitepaper and learn more about the research.
About CA Technologies CA Technologies (NASDAQ:CA) creates software that fuels transformation for companies and enables them to seize the opportunities of the application economy. Software is at the heart of every business in every industry. From planning, to development, to management and security, CA is working with companies worldwide to change the way we live, transact, and communicate – across mobile, private and public cloud, distributed and mainframe environments. Learn more at
www.ca.com.
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