The Indian information technology (IT) industry has played a key role in putting India on the global map.
The Indian IT-BPO sector has turned into the country’s premier growth engine. The sector has crossed many significant milestones in relation to the revenue, employment generation and value creation. The IT sector acts as a brand ambassador and represents India in the globe.
The report by National Association of Software and Service Companies (NASSCOM) states that the IT-BPO industry is estimated to aggregate revenues of US$ 73.1 billion in FY2010, with the IT software and services industry accounting for US$ 63.7 billion of revenues.
A growth of 4.2% is expected from the IT services sector in 2011 as companies coming out of recession harness the need for information technology to create competitive advantage.
According to NASSCOM the growth expected by the domestic IT-BPO is 15-17% during FY11. The growth drivers include a thrust on platform BPO, Analytics, Finance & Accounting, Remote Infrastructure Management, ADM, and Cloud Services. The annual survey on the outlook for FY10-11 said that the growth in the domestic IT-BPO spend is driven by a robust economy, increased IT spending by government and adoption of IT by SMBs.
The data centre services market in the country is forecasted to touch close to US$ 2.2 billion by the end of 2011, according to research firm IDC India's report published in March 2010. The IDC India report stated that the overall India data centre services market in 2009 was estimated at US$ 1.39 billion.
The number of internet users will reach 237 million by 2015.The current figure as noted in September 2010 was 81 million. According to BCG the Internet penetration rate is expected to reach 19% by 2015, whereas the current figure is 7%.