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India's software market to touch USD 5.1 billion by 2018: IDC

India's software market is expected to grow at 11.9 per cent year-on-year to touch USD 5.1 billion by the end of 2018, research firm IDC said today.

The Indian software market continues to be one of the fastest growing and dynamic markets within the APeJ (Asia Pacific excluding Japan) region, IDC said in a report.
"Digital transformation initiatives and the drive for application modernisation have led the growth story for the software market over the last 12 month and are expected to attract sustained investments by Indian enterprises in 2018 as well," it added.

According to IDC, applications contributed to the bulk of the spending with a 57.3 per cent share in the first half of 2017.

This was followed by Application Development and Deployment and System Infrastructure (SI) software with shares of 24 per cent and 18.7 per cent, respectively, in the said time period.
IDC India Associate Research Manager (Software and IT Services) Sandeep Kumar Sharma said organisations across all industry verticals and segments have jumped.

Source: economictimes.indiatimes.com
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Cyber security: India as vulnerable as any other country in the world, says Eugene Kaspersky

Eugene Kaspersky, the third most famous Russian brand after vodka and AK, as The Economist said, has the visage of a lapsed hippy in the 28th floor room at the ITC Maurya in the heart of Delhi. His hint of chubbiness is well served by a trimmed beard, long mane, blue denim jeans and white shirt to look his part as a maverick entrepreneur.

Kaspersky, the eponymous head of the famous cyber security firm, is an advocate for an international treaty prohibiting cyberwarfare. He called US whistleblower Edward Snowden, whom Russia now hosts, a traitor for violating his contract with the US National Security Agency (NSA). And currently he is in the centre of a bitter battle against the US government for branding him a Russian spy.

In the cyber world, says the Russian, while sipping black tea, there is either fact or fiction. "It's either 1 or 0. Nothing can be hidden. It's a transparent world," Kaspersky told on a chilly December afternoon. "All allegations are baseless, false and without any proof."

Source: timeofindia.com
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Paytm looks for the next big thing in its startup incubator

Paytm is all set to join the ranks of India's growing accelerators and incubators through its incubator programme to enable building and sharing of solutions among technology developers in India. The 'Build For India' initiative will see Paytm bring together students and professionals, who can build open-source-based solutions and share those projects with the global developer community. The programme will focus on designing solutions around education, digital lifestyle, financial inclusion and also new-age technologies, including machine learning, augmented reality and virtual reality. The virtual incubator will be aimed at finding developers who can use technology and design to build world-class solutions. Paytm's premises will facilitate mentoring sessions, hackathons, bootcamps and also technology and design support for the student community periodically.

Source: timeofindia.com