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Indian Information Technology Industry Overview 2010
Ventures Middle East, Oct 2010, Pages: 92
The Information Technology (IT) Sector has been one of the hotshots of Indian economy. Remarkable transformation and growth of the economy has created opportunities both in exporting software and services and in the domestic market. The Indian IT & ITES Sector has grown considerably over the last decade to contribute over 6% of the country’s GDP. The revenue amassed by Indian information technology sector is estimated to have grown by over 5% to reach $73.1 billion in 2009-10. Growth in Indian information technology in the world market is primarily dominated by IT software and services, including system integration, IT consulting, application management, custom applications, infrastructure management, software testing and web development. Competitive factors such as skilled workers, adequate telecommunication networks, and an improving policy and regulatory environment have enabled both domestic and foreign firms to rapidly expand in the internationally competitive IT services sector. The Indian Software and Services export is estimated to grow at 5.5% and to generate export revenue of $49.7 billion in year 2009-10. The IT services exports is estimated to be $27.3 billion in 2009-10 as compared to US $ 25.8 billion in 2008-09, showing a growth of 5.8%. ITeS-BPO exports are estimated to grow from $11.7 billion in 2008-09 to $12.4 billion in 2009-10, a year-on-year growth of 6%. Though the United States & United Kingdom still remains the dominant market, accounting for about 79%, for the Indian IT-BPO industry, the Continental Europe and Asian markets are catching up as they witness higher growth in demand. In contrast, the IT hardware segment has lagged and has focused very largely on the domestic market, which remains heavily dependent on imports of components and finished IT goods. Government is actively pursuing measures to stimulate the growth of Electronics Hardware Manufacturing Industry in the country.
India is regarded as the premier destination for the global sourcing of IT-ITeS, accounting for almost 51% of the global sourcing market size of $94 billion in 2009. India now has a 62% share of the global technology services market (IT Services, Engineering Services and R&D) of about $58 billion and a 32% share of the Global Business Outsourcing Market of about $37 billion. With the BPO going strong for the past few years, the Knowledge Process Outsourcing (KPO), which may be called the highest level of the BPO, is still at a nascent stage of development in the country. It is expected that emergence of the KPO market will offer high-value services in off shoring and help the Indian ITeS Industry to climb the global value and knowledge chain.
Information Technology Industry in India 2010, provides a comprehensive understanding of the entire market dynamics of the Information technology sector to assist players interested in assessing the market opportunities in this robust and dynamic market. Besides providing detailed analysis of the Indian Electronics & IT hardware and Software & Services Sectors, the report also conducts a scrutiny of the various political, economic, social, technological, legislative and environmental trends impacting the sector. It provides a complete technology road map on how the Indian IT sector has evolved over the years and detailed information about the policies and events. The key highlight of the report is that it presents a complete and coherent competitive overview of the Indian Information Technology. Along with a detailed profile of top players in the industry, the report further details various business models adopted by the leading players in the sector. This study is a critical guide to understanding the forces that produce the changes in the IT/ITeS Market and in making informed decisions on the industry.
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