Dec 16, 1999|
Software...the boom is yet to come!
McKinsey, the international management consulting company has predicted that in eight year’s -that is by 2008-the Indian software industry will be a whopping $ 87 bn business. Exports will account for $ 50 bn, while the domestic market will bring in the rest.
McKinsey has also estimated the contribution from each of the infotech business areas:
- IT services will be the real engine for the software boom and are expected to generate about $ 38.5 bn
- Software products are estimated to contribute $ 19.5 bn
- IT-enabled services will rake in $ 19 bn (including $ 17 bn of exports)
- E-commerce and e-business are expected to contribute $ 10 bn. While the global spending on e-commerce is likely to touch $ 1 trillion by 2004, India has the potential to generate $ 4 bn in the first five years with another $ 6 bn over the next three.
The main implication of the report is that it validates the strategy followed by Infosys which has not gone aggressively into products but has positioned itself as the best service provider following a global delivery model.
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