Abstract
Modern information technology (IT) methods are reshaping the global market with great success. With today's global software industry, IT has made innovations everywhere, including businesses and consumer practices. This has made developing countries like India and China participate in the global market. This communication focuses on intelligent interacting systems which are present over globe and these are a source of rising the software development cycle with the help of modern communication facilities. Free e-Market globalization is now vital for billions of people. However, IT leadership is not possible without a review of the existing system. The present study is based over the issue of the global market related research, education and investment in IT technology. IT-based-leadership can give sustainable global competitive advantage to our country. So the role of iterative software development is crucial to be targeted in a systematic fashion.