3D printing is going to be the next big opportunity for Indian software, hardware and the prototyping industry, according to Mr B. V. R. Mohan Reddy, Chairman and Managing Director of Infotech Enterprises.

Addressing the inaugural of the two-day Advantage Andhra Pradesh, an IT industry showcase and conference, he said 3D printing was poised to be the next trillion-dollar industry. “The 3D printing ecosystem consisting of products, prototyping, community, software and hardware, also provides the Indian IT industry with many opportunities,” he said.

“The IT industry grew to $60 billion from $6 billion in 2001. The domestic market is estimated to be at $15 billion. It will grow to $50 billion by 2020, when the overall IT industry size would grow to $175 billion. The IT spend globally continues to increase at 4 per cent and global sourcing is growing at 10 per cent. With this growth momentum, the addressable markets for the Indian IT industry will increase considerably,” he said.

“Mobile Internet is all set to dwarf the desktop Internet revolution. With mobile Internet ramping up faster than desktop Internet, mobile application usage will be unprecedented and will be a great opportunity for India,” he said.

Meanwhile, industry leaders have called for the development of an ecosystem to encourage entrepreneurs set up businesses in tier-II and tier-III cities.

Mr J. A. Chowdhary, Chairman, TalentSprint; Mr Ramesh Loganathan, Vice-President (Products) and Center Head, Progress Software; Mr Meenakshi Sundaram, Managing Director, IDG Ventures; Mr Vishal Vasishth, Managing Director, Song Investment; and Mr Ananth Rao, Chief Executive Officer, Focus Ventures, spoke on the nitty-gritty of getting investments from angel funds and venture capital funds.

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