How 2013 was for Indian IT sector
The year 2013 was a booming one for technology and the Internet in India with the rise of many e-commerce companies. People turned to the Internet to buy everything, from diapers to books, houses and even groceries. This year, 2014, is going to looks likely to be the year for new technical trends and some amazing gizmos that will easily surpass the previous ones in terms of quality and user-friendliness.
Growth estimates of IT industry in India
As per National Association of Software and Services Companies (NASSCOM) estimates, IT and ITeS sector (excluding hardware) revenues were estimated at US$ 87.6 billion in FY 2011–12. The market size of the industry is expected to rise to US$ 225 billion by 2020 considering India's competitive position, growing demand for exports, government policy support, and increasing global footprint.
Latest trends in IT sector in India
Online retailing, cloud computing and e-commerce are leading to rapid growth in the IT industry. Online shopping is fast gaining popularity with the emergence of internet retailing. According to the Internet and Mobile Association of India (IAMAI), the number of internet users in the country is more than 121 million, out of which over 17 million are online shoppers. Increasing internet penetration and affordability for personal computers has led to these numbers, which are further expected to triple by 2015.
Export predictions of the industry
For FY 2014, the IT-BPO exports are expected to grow by 12–14 per cent to touch US$ 84–87 billion, according to NASSCOM. Newer phenomenon like analytical services, advanced mobile applications, healthy environment for start-ups and SaaS will further drive the growth of IT exports.
How mobiles/ tablets are driving growth of IT sector
"Mobility most likely will be the trend to look forward to the next year. Mobile commerce would be huge as more and more people access Internet through tablets and smartphones. Most companies are looking at enhancing their mobile presence,” according to Mr Sundeep Malhotra, Founder and CEO, HomeShop18.Com
As smartphones and tablets continue to proliferate, companies will need to embrace multi-channel commerce strategy in 2014.
How cloud computing is booming in the current IT industry in India
The cloud has really extended the possibilities of IT in India. The factors that drive most organisations to adopt cloud computing is cost and faster innovation. Business agility is also one of the results of cloud computing.
Cloud computing this year would entail the unique collection of services, web destinations and connectivity that could become the home of computing and communication activities. Mobile devices are already connected by applications via the cloud. In the future, India will see this amplify dramatically as applications interconnect to control multiple devices and networks of devices to operate autonomously.
Indian Government initiative
The government has recently approved the National IT Policy as well as the National Electronics Policy, which aims to increase revenues of IT and ITeS industry and make the country a manufacturing hub for electronic goods. The policy will promote innovation and development of applications and solutions in areas like localisation, location-based services, mobile-value added services, cloud computing, social media and utility models.