HIGH PRIORITY MARKET- IT
IT SECTOR TO BE DRIVEN BY STRONG DEMAND AND INDIAN EXPERTISE
Ü
Ü
Talent pool
5.8 million graduates are estimated to have been added to India’ s talent pool in FY15, 1.5 million form ready to hire pool Strong mix of young and experienced professionals
Global demand
Ü Global BPM spending estimated to rise by 4.4 % and reach USD2.7 billion in 2015
Ü Global IT services spending is expected to have declined by at around 5.5 per cent during 2015 and reached USD3.5 trillion
Growth drivers
Policy support
Ü Tax holidays for STPI and SEZs
Ü More liberal system for raising capital, seed money and ease of doing business
Ü A fund of around USD16.5 million to promote new technology start-ups in the 2015-16 Budget
Infrastructure
Ü Robust IT infrastructure across various cities in India such as Bengaluru
Ü Technology mission for services in villages and schools, training in IT skills and E- Kranti for government service delivery and governance scheme
Domestic growth
Ü Ü
Computer penetration expected to increase Increasing adoption of technology and telecom by consumers and focused government initiatives leading to increased ICT adoption
Source: Nasscom, TechSci Research Notes: STPI stands for Software Technology Park of India, SEZ stands for
Special Economic Zone, ICT- Information and communications technology
TECHNOLOGY – A KEY INFLUENCER FOR DOMESTIC IT SERVICES
Ø Indian IT companies like TCS, TechMahindra Limited, Mphasis, HCL Technologies Limited, Larsen & Tourbo Infotech Limited, Wipro Technologies Limited, Oracle Financial, Infosys Technologies Limited are expanding their footprint in order to meet client’ s requirements globally
Ø Indian Firms have started adopting the global delivery model to cater to the local market and for taking advantage of low cost
IT Sector Segmental Breakup- By Companies( FY15)
Indian Service Providers( TCS, Infosys, Wipro, HCL, etc)
Global inhouse centers( EMC, Fordm Boeing, Honeywell, etc)
Multinational Corporations( IBM, Accenture, HP, Microsoft, etc)
Source: Nasscom, Assorted News Articles, TechSci Research
Spotlight on Indian Electronics 2016 | 180