October 17, 2016

No, India's Software Industry Did Not Die On Friday

Media reports about the demise of the Indian software industry are grossly exaggerated and very premature.

Let us take stock of the situation today. The Indian software export industry is about $110 billion. It employs around 4.25 million people. It has a 60 per cent market share of global outsourcing and is globally dominant. Of the 10 top software service companies globally ranked by market cap, five are Indian. Of the top five, three are Indian. All of them have a massive presence in India. Of the total number of employees, amounting to nearly 2 million, in these top 10 companies, about 70 per cent are based in India or travel out of India. The Indian offshore software industry dominates the software services world and has no parallel.


Some commentators have stated gleefully that the end of the industry came when the business stalled in the last quarter and because they were unable to adopt a new stack of digital technologies. These all-knowing commentators seemed to lack a fundamental understanding of the industry because they made statements that the Indian industry would not have tanked if we had been able to embrace SMAC or Social Mobile Analytics and Cloud-based technologies early. The Indian industry has done very well on the legacy side of IT services. Web-based technology, which was cutting-edge not so long ago, is also now legacy! Indian IT also has a growing practice in SMAC.

Read more at http://www.ndtv.com/opinion/no-obit-needed-our-software-industry-is-alive-and-kicking-1474789

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