The National Association of Software & Services Companies has said that 80 per cent of fresh opportunities for the IT and ITeS sector during 2011-2020 will come from new geographies, verticals and customer segments.
The Nasscom President, Mr Som Mittal, said that growth has come back to India’s IT and ITeS industry and “the growth is going to be very different from the growth that we had in the past’’.
“...as per our analysis, in the coming decade (2011-2020), 80 per cent of the new opportunities are going to be from new areas such as new geographies, new verticals, new customer segments,” he said.
“So, I think we need different focused approaches for the next decade. I think we have a sound foundation that is there,” Mr Mittal told reporters today at the inauguration of an international conference on software engineering organised by the Computer Society of India.
He said the US would continue to be a large market for India’s IT companies, noting that revenues from here grew faster than the industry average last year. “There is still a lot more to be tapped within the same country, within the same customers.’’
Mr Mittal said Nasscom is working with automotive and textile clusters to encourage adoption of IT by small and medium enterprises. “With cloud (computing services) coming in, it’s possible to offer IT at a very reasonable cost.’’
Cloud computing services would throw up a new breed of entrepreneurs and drive complacency out of the big players, he said.
On scams dominating the political and media landscape, the Nasscom President said that it would have no impact on the IT industry, saying that customers are actually happy that these scandals are not being brushed away and indeed are being addressed.
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