Bangalore: The IT industry will focus on internet and mobile technology, big data and cloud computing technologies for speedy growth in order to achieve USD 300 billion revenue by 2020, Nasscom said.

"The IT industry has a vision and aspiration to aggregate USD 300 billion revenue by 2020 by focussing on IT products, Internet and mobile technology, big data, cloud computing and 3G/4G technologies, for speedy growth," NASSCOM Expert Committee Chairperson N R Narayana Murthy told reporters here.

To achieve the milestone, NASSCOM in July 2012 set up an independent Expert Committee to address key needs of the industry in order to help realize Vision 2020.

The findings and recommendations of the committee report address the growth opportunity for IT industry by size and potential as well as key enablers for NASSCOM to partner industry in building future growth opportunities, he said.

Murthy said the report would help IT industry realize 2020 Vision by not only identifying distinct priority areas, but putting together focused deliverables for each of those areas.

He said seven pivotal initiatives have been highlighted in the report that will enable NASSCOM achieve the target.

Also Read: 9 Notorious Threats to Cloud Computing Security

Also Read: 10 Pioneers Of Cloud Computing