NASSCOM reports also stated that the industry hired 160,000 employees in 2013, and provided direct Job opportunity to 3.1 million people and indirect employment to 10 million people. As Per Report By NASSCOM, Indian IT and ITeS industry is likely to grow to about $300 billion by 2020 in sectors like e-commerce, software product and the IT market. Alongside bottomless development opportunities, IT sector is one of the highest paying
As Per Report By NASSCOM, Indian IT and ITeS industry is likely to grow to about $300 billion by 2020 in sectors like e-commerce, software product and the IT market. Alongside bottomless development opportunities, IT sector is one of the highest paying sector in India.
More than 50% population of India is below the age of 25. the number of high salaried and Skilled professional is going to be more than the present. over 33,023 colleges and nearly 634 universities Producing more than 1.76 million (1761976) engineering seats across India, which is more than the US and China combined. India produces 1.76 Million Pass Outs Engineers Every Year. India is the second largest English-speaking country in the world
Growth Factor of Indian IT and ITeS industry
- Rapid industrialization and growth of IT parks in the country
- Development of SEZ to get tax benefits
- A large number of resource offered in the country
- Low Setup cost and operating costs
- Scheme for ‘Skill Development in ESDM for Digital India
- Various Scheme for IT Mass Literacy in the Country
- Partial privatization of telecommunication
- Review of compensation according to the skills
- Entry of talented fresher in the industry
- Increasing number of skilled professionals in IT.
Information Technology Services and Industry Overview
Indian Companies in IT industry provide services such as data warehousing, business outsourcing, systems planning, enterprise resource planning, training ,software development, technical support & consulting, computer systems design (Hardware & Software), Website development ,mobile app development and data processing facilities management. Management consulting services include consulting related to strategic planning, marketing, and human resources. Another major revenue sources include scientific and technical consulting services.
Demand & Competitive Landscape in IT and ITeS (BPO) industry India
Demand in IT and ITeS (BPO) industry in India is driven by the needs of the entrepreneurs, businesses, non-profit institutions, and government organizations for outside advice and services.
Demand for IT services in India is driven by rapid technological advancements and Increasing number of skilled professionals in IT Industry. Depending on technical expertise, innovative services, and effective marketing, IT Companies are making very good profit In India. The Success of Individual companies depends on their ability to maintain a steady flow & the efficiency of their operations of the business. Large firms have advantages in being able to offer broad ranges of services and to take on more complex projects. Large companies have global advantage and they provide outsourcing services to big corporate customers. Small companies compete effectively by offering specialized IT services in market niches. Small Companies and Startups are partnering with larger companies located in India and western countries like USA, UK and Australia that want to broaden their mix of services.