Home / Knowledge / News / Information Technology / SAP Ventures to nurture innovation in corporate India
SAP Ventures to nurture innovation in corporate India
10
Jun '08
With continued momentum of over 100 per cent growth both in terms of software license revenue and customer acquisition over the last year, SAP India, the fastest growing region within SAP, was named the 'Jewel in the Crown' of SAP worldwide.

Reiterating its leadership position in the market, SAP India has also clocked growth of 67% in the software license revenue in the first quarter of 2008. While small and midsize revenue grew by 43%, consulting and education revenue grew by 34% and 100%, respectively.

Announced at SAP Summit 2008, SAP India's three-day annual business and technology forum that is likely to see over 3,500 participants, Bill McDermott, President & CEO of SAP Americas & Asia Pacific Japan states, “I am extremely proud to announce that with holistic growth and strong continued momentum, SAP India has emerged as the 'Jewel in the Crown' for SAP worldwide.

We at SAP pledge to strengthen our commitment to the Indian market and continue to be the catalyzing force behind this unprecedented growth story.”

Independent industry analysts confirm SAP's dominance in the Indian Enterprise Applications market. “SAP recorded a market share of 40% in terms of revenue in the Indian Enterprise Applications market during CY 2007.

In the small and midsize segment, SAP captured a market share of 27% in terms of revenue during the same period,” commented Praveen Sengar, Sr. Manager Software and Services and Industry Verticals Research, IDC (India) Ltd.

“A competitive advantage due to product positioning, good channel development and reach, a strong brand image and implementation across verticals have all contributed to this dominant position.”

New Business Wins and Competitive Win-Backs: Prove SAP is Best Fit for India Inc. The overall growth was even more impressive as it cuts across industry verticals and solution segments. Some sectors that witnessed significant business wins included Utilities, Banking, Financial Services and Insurance (BFSI) firms, Automotive and Retail.

Some of the new customers that were added included Delphi TVS, Greaves Cotton Ltd, Easun Reyrolle Ltd and IFB Industries Ltd. In particular, the public sector vertical has performed exceedingly well, consolidating its strong presence in this space with customers that include Mormugao Port Trust, Bharat Earth Movers Ltd and Chattisgarh State Electricity Board among others.


Must ReadView All

Courtesy: EVG photos from Pexels

Apparel/Garments | On 16th Aug 2018

Bangladesh ups garment export target to $32.689 bn

The Government of Bangladesh has increased the country’s readymade...

Courtesy: PR Newswire

Apparel/Garments | On 16th Aug 2018

Shoppers go to stores for thrifting experiences: Survey

Despite growth in e-commerce, shoppers still head to retail stores...

Pak ministry invests in training textile sector workers

Textiles | On 16th Aug 2018

Pak ministry invests in training textile sector workers

Pakistan’s ministry of commerce and textile industry is offering...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Top executives
Textile & apparel bodies

Textile industry would like to see inclusion of cotton yarn under MEIS and ...

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Abhishek Dhanuka

Vyom International Pvt Ltd, established in 2002, is one of Surat's leading ...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions & Vertriebs Gmbh, founded in 1978 and headquartered ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


August 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search