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Key Highlights in IT Services During FY2012

IT services exports grew 19% in FY2012 to $40 billion, with traction in custom application development, application management, outsourcing, and software testing. Emerging technologies like cloud computing, mobility, social media, and big data are creating new opportunities. IT services also grew 18% domestically to $589 billion. Software product exports reached $1.5 billion, up 13%, driven by mobility and cloud applications serving SMBs. The domestic software products market grew 13% to $180 billion due to replacing legacy systems and new technologies.

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22 views2 pages

Key Highlights in IT Services During FY2012

IT services exports grew 19% in FY2012 to $40 billion, with traction in custom application development, application management, outsourcing, and software testing. Emerging technologies like cloud computing, mobility, social media, and big data are creating new opportunities. IT services also grew 18% domestically to $589 billion. Software product exports reached $1.5 billion, up 13%, driven by mobility and cloud applications serving SMBs. The domestic software products market grew 13% to $180 billion due to replacing legacy systems and new technologies.

Uploaded by

abhi
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Key Highlights in IT Services during FY2012

 IT services exports is the fastest growing segment, growing by 19 per cent in FY2012, to
account for exports of USD 40 billion

 Considerable traction in traditional segments – custom application development,


application management, IS outsourcing and software testing
 Increased acceptance from mature segments such as BFSI, US, and large corporations,
and emerging segments such as retail, healthcare, utilities, SMBs, Asia Pacific and RoW

 Industry re-tooling itself to adjust to rapid change in customer priorities – from SLAs to
increased time-to-market

 Emerging technologies – cloud computing, mobility, social media and big data/analytics
unleashing new opportunities for the industry

 IT services is the fastest growing segment in the Indian domestic market, growing by 18
per cent to reach Rs 589 billion, driven by increasing focus by service providers
Key Highlights in Software Products during FY2012

 Software product exports to reach USD 1.5 billion, y-o-y growth of 13 per cent, driven by
mobility and cloud applications, SMBs
 Larger product firms are expanding footprint into emerging verticals like retail and
healthcare; also increasing their exposure to SMB market with focused SMB-specific
products; SME IT-BPO firms continue to focus on niche areas and customers

 Domestic software products segment is set to grow to   Rs. 180 billion in FY2012, a
growth of ~13 per cent over FY2011 driven by the need to replace legacy systems,
technology advancements around cloud, mobility, etc.

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