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Software exports to grow at 30-35%: Nasscom
By agencies
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Monday, 05 September 2005, 19:30 IST
NEW DELHI: On the back of good traction, Nasscom expects India's software and services exports to log the targeted 30 to 35 percent growth to reach over $22 billion this fiscal.
''We are seeing very good traction this year. Also, we see growing deals in infrastructure management services (IMS) outsourcing and we have taken these into account in our growth projections, which are on track,'' Nasscom President Kiran Karnik said.
''Most deals will be multi-tier,'' he added.
Software and services export totaled $17.2 billion in the fiscal to March 31, up by 34.5 percent from the previous year.
IMS encompasses all the services that relate to monitoring, managing and enhancing performance of a client's infrastructure backbone. These include helpdesk services, server management, network and data management besides maintenance services and applications operations.
Karnik, upbeat on IMS, said of the global $200 billion market, around 60 percent is offshoreable. ''We have to see how much share we get as Indian players are now doing more work in this market. We are seeing complete growth across the board,'' he said.
Currently, $200-300 million is spent annually on infrastructure-related services delivered remotely from India.
''This market in India is poised to reach $450 million in 2005-06,'' Forrester Research Senior Analyst Robert McNeil said.
However, Forrester India Country Manager Sudin Apte said Indian vendors would have to carve out a strategy for bagging large IMS deals, which are currently the forte of biggies like IBM, Accenture etc.
''There are opportunities for the Indian firms as the market is huge. But the Indian vendors will have to firm up a strategy on people and assets for getting large deals,'' he added.
The most active verticals in outsourcing IT infrastructure needs are banking and financial services institutions, manufacturing, energy and utilities, as most of these have been the early adopters in using the offshore IT services model.
As per Gartner also, growing adoption of IMS, leading to increasing penetration is expected to result in high growth in this segment over the next few years.