THE NATIONAL ASSOCIATION OF SOFTWARE & SERVICE Companies (Nasscom) has identified six new emerging areas, which have huge potential for growth and have remained untapped by the industry.
In its latest strategic review, Nasscom said that these markets are currently on the horizon and represent areas of potential growth for Indian software and service companies. While these areas have a compounded annual growth rate (CAGR) ranging from a minimum of 11 per cent to a maximum of 44 per cent, in terms of dollar value, the overall potential ranges from a low of $11 billion to $44 billion, says the apex body.
Quoting CIMData, the Nasscom said the global collaborative PDM software services market has been projected to grow at $11 billion by 2006 as against $3.1 billion in 2001, with a CAGR of 25 per cent.
The scope for the Indian companies includes application implementation support and maintenance; application integration with other applications (CAD/ERP) and data migration from existing applications to PDM applications.
According to Nasscom, the Content Management market is expected to touch $27 billion by 2006 from $4.4 billion in 2001, with a CAGR of 44 per cent. The services include planning, designing, implementation, training and support. Indian companies can serve active players such as Accenture, EDS, CSC, IBM, Cap Gemini, Ernst and Young with their management solutions, support services on interactive platforms, application development for set-top boxes, database management and data-mining services.