India is the world ' s largest sourcing destination for the |
The IT industry has also created significant demand in the |
information technology ( IT ) industry , accounting for |
Indian education sector , especially for engineering and |
approximately 67 per cent of the US $ 124-130 billion |
computer science . The Indian IT and ITeS industry is |
market . The industry employs about 10 million workforces . |
divided into four major segments – IT services , Business |
More importantly , the industry has led the economic |
Process Management ( BPM ), software products and |
transformation of the country and altered the perception of |
engineering services , and hardware . |
India in the global economy . India ' s cost competitiveness |
The IT-BPM sector which is currently valued at US $ 143 |
in providing IT services , which is approximately 3-4 times |
billion is expected to grow at a Compound Annual Growth |
cheaper than the US , continues to be the mainstay of its |
Rate ( CAGR ) of 8.3 per cent year-on-year to US $ 143 |
Unique Selling Proposition ( USP ) in the global sourcing |
billion for 2015-16 . The sector is expected to contribute |
market . However , India is also gaining prominence in |
9.5 per cent of India ’ s Gross Domestic Product ( GDP ) and |
terms of intellectual capital with several global IT firms |
more than 45 per cent in total services export in 2015-16 . |
setting up their innovation centres in India . | |
The Indian IT sector is expected to grow at a rate of 12-14 |
Association of India ( IAMAI ). India ’ s internet user base |
per cent for FY2016 in constant currency terms . The sector |
reached over 350 million by June 2015 , the third largest in |
is also expected triple its current annual revenue to reach |
the world , while the number of social media users grew to |
US $ 350 billion by FY 2025 , as per National Association of |
143 million by April 2015 and smartphones grew to 160 |
Software and Services Companies ( NASSCOM ). |
million . |
India , the fourth largest base for new businesses in the |
Public cloud services revenue in India is expected to reach |
world and home to over 3,100 tech start-ups , is set to |
US $ 838 million in 2015 , growing by 33 per cent year-onincrease |
its base to 11,500 tech start-ups by 2020 , as per |
year ( y-o-y ), as per a report by Gartner Inc . In yet another |
a report by NASSCOM and Zinnov Management |
Gartner report , the public cloud market alone in the |
Consulting Pvt Ltd . |
country was estimated to treble to US $ 1.9 billion by 2018 |
India ’ s internet economy is expected to touch Rs 10 trillion |
from US $ 638 million in 2014 . Increased penetration of |
( US $ 146.72 billion ) by 2018 , accounting for 5 per cent of |
internet ( including in rural areas ) and rapid emergence of |
the country ’ s GDP , according to a report by the Boston |
e-commerce are the main drivers for continued growth of |
Consulting Group ( BCG ) and Internet and Mobile |
data centre co-location and hosting market in India . |
Indian IT ' s core competencies and strengths have |
times the investment made last year . VC funding to the IT |
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attracted significant investments from major countries . The |
& ITes sector amounted to 55 per cent of total VC funding |
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computer software and hardware sector in India attracted |
made this year . |
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cumulative Foreign Direct Investment ( FDI ) inflows worth |
Most large technology companies looking to expand have |
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US $ 20.42 billion between April 2000 and December 2015 , |
so far focused primarily on bigger enterprises , but a report |
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according to data released by the Department of Industrial |
from market research firm Zinnov highlighted that the |
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Policy and Promotion ( DIPP ). |
small and medium businesses will present a lucrative |
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Indian start-ups are expected to receive funding worth |
opportunity worth US $ 11.6 billion in 2015 , which is |
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US $ 5 billion by the end of 2015 , a 125 per cent increase |
expected to grow to US $ 25.8 billion in 2020 . Moreover , |
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in a year , according to a report by IT Industry association |
India has nearly 51 million such businesses of which 12 |
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NASSCOM . |
million have a high degree of technology influence and are |
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The Private Equity ( PE ) deals increased the number of |
looking to adopt newer IT products , as per the report . |
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Mergers and Acquisitions ( M & A ) especially in the e- |
Some of the major developments in the Indian IT and ITeS |
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commerce space in 2014 . The IT space , including e- |
sector are as follows : |
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commerce , witnessed 240 deals worth US $ 3.8 billion in |
Ø |
PurpleTalk Inc , a US based mobile solutions company , |
2014 , as per data from Dealogic . |
has invested US $ 1 million in Nukkad Shops , a |
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India also saw a ten-fold increase in the venture funding |
Hyderabad based uber-local commerce platform that |
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that went into internet companies in 2014 as compared to |
helps neighbourhood retail stores take their |
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2013 . More than 800 internet start-ups got funding in |
businesses online through a mobile app . |
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2014 as compared to 200 in 2012 , said Rajan Anandan , |
Ø |
KartRocket , a Delhi based e-commerce enabler has |
Managing Director , Google India Pvt Ltd and Chairman , |
completed its US $ 8 million funding round by raising |
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IAMA . |
US $ 2 million from a Japanese investor , which will be |
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About 554 start-ups received funding this year compared |
used to enhance Kraftly , a mobile-first online-toto |
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342 during last year . Seed and venture capital funds |
offline marketplace targeting small sellers , individuals |
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made investments worth US $ 3.4 billion this year , three |
and home-based entrepreneurs in India in product |
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