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Local language IT market to boom
May 08, 2003 18:30 IST
Local language information technology application market is likely to touch a revenue of $64 million by 2005 from the current $11 million, according to a study by Frost & Sullivan.
The local language applications market, currently estimated at about $11 million is likely to grow at a compounded annual growth rate of over 79 per cent over the next three years (2002-05) and is expected to cross $64 million by 2005, Aditya Sapru, country manager, Frost & Sullivan said.
In 2003, the market is likely to have potential of $20 million and the key driver would be the promotion of new technology solutions, applications, increasing local content creation, language project initiatives and commercialisation of local language products and applications developed by the labs in India, it said.
The study said the current market size of the local language applications has remained limited due to lack of universal standards for scripts, fonts, imput devices and transliteration tools and limited availability of vernacular software.