The Indian IT product industry has grown from $113 million to $1.64 million in the last 10 years and is expected to accelerate further with overall improvements in venture capital funding, incubation centers and availability of entrepreneurial talent.
Briefing reporters, Product Conclave Chairman Sharad Sharma said “Indian product firms had missed the previous two technology waves in telecom and web 2.0 industries. But with the rise of cloud computing, smaller product firms could build products for global customers who did not care where the solutions came from”.
The products showcasedwere: Vimagino provides emotionally intelligent agents, which help companies automate sales support through web chats. Customers can sign up for $19 a month and start using it.
Helpdesk 2.0, an automated complaint registration and customer support software to small companies, is available through SaaS model. Aikon Labs offers companies social media tools to tap innovative ideas from employees, runs on cloud. Salesgenie CRM++ offers standard CRM tools to small companies, which are outgrowing Excel and Outlook, through hosted model. A few companies are focused on Indian market, a sign that growing domestic market will emerge as key driver for product companies. Way2Goals helps individuals best interest rates from banks. The software provides information on latest interest rates and also adjusts real maturity value after discounting for tax and inflation. ApnaComplex is a tool for residential and commercial complexes.