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NASSCOM says Indian tech industry revenue at $350 billion by 2025

  • The Indian technology
    and services industry is on-track to reach its goal of $225 billion in revenue
    by 2020, and further $350 billion by 2025, IT industry body NASSCOM’s chairman
    B V R Mohan Reddy said.
  •  
    • The Indian technology
      and services industry is on-track to reach its goal of $225 billion in revenue
      by 2020, and further $350 billion by 2025, IT industry body NASSCOM’s chairman
      B V R Mohan Reddy said.
    •  

    •  
    • “The industry is
      well on track. We will achieve the target of $225 billion revenue by 2020 and
      $350 billion by 2025,” Reddy told a press meet.
    •  
    • He also said that
      NASSCOM was toying with the idea of rebranding itself.
    •  
    • The sectoral forecast
      was based on the report ‘Perspective 2025: Shaping the Digital Revolution’
      released by NASSCOM, along with knowledge partner, McKinsey & Company.
    •  
    • “The report
      identifies innovative and disruptive technologies that will shape the enterprise
      of the future. Our aspiration is to build cutting-edge solutions and services
      from India that will shape the digital revolution globally,” Reddy said.
    •  
    • “Companies
      hoping to prosper in the new environment will have to closely watch six new
      service lines – Internet of Things, cyber-security, social, mobility, analytics
      and cloud,” said Noshir Kaka, managing director of McKinsey & Company,
      India.
    •  
    • There were around 5.5
      million jobs, both direct and indirect, created in the technology sector in India in the
      last decade.
    •  
    • “Organisations
      will need to operate in a way that they can cater to customers entering the
      digital environment at different speeds,” NASSCOM vice-chairman C P
      Gurnani said.
    •  
    • The report said that
      as the industry grows over the next decade, its mix of technologies and demands
      will change significantly. Overall, the share of digital technology investment
      in cumulative expenditures will rise from 10 percent in 2014 to 35 percent in
      2020, and 60 percent in 2025.
    •  
    • “About 80
      percent of incremental expenditures will be driven by digital technologies.
      These could be platforms, cloud-based applications, big data analytics, mobile
      systems, social media, and cyber-security, as well as services needed to
      integrate these technologies with legacy tech,” the report added.

     

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