Govt Initiatives To Drive IT Industry In 2019
By MYBRANDBOOK
The Government of India is going to explore new opportunities in various sectors such as providing BPO service from home, digital healthcare and agriculture to achieve the target of making India a $1-trillion digital economy. Some of the major initiatives include:
“The Government of Andhra Pradesh is targeting to attract investments worth $2 billion and create 100,000 jobs in the information technology (IT) sector in the state,” stated Mr N. Chandrababu Naidu, Chief Minister, Andhra Pradesh.
Mr Manoj Sinha, Minister of Communications, Government of India, launched the project DARPAN – digital advancement of rural post office for a new India, for improving the quality and adding value to services and achieving financial inclusion for the unbanked rural population.
Mr Ram Nath Kovind, President of India, has dedicated four projects, such as Andhra Pradesh Fibre Grid, Andhra Pradesh Surveillance Project, Drone Project and Free Space Optical Communication (FSOC) to the people of Andhra Pradesh.
The Government of India is planning to set up Wi-Fi facility for around 5.5 lakh villages by March 2019 with an estimated investment of Rs.3,700 crore (US$555 million) and the government expects to start broadband services with about 1,000 megabit per second (1 Gbps) across 1 lakh gram panchayats by the end of this year.
Indian Business Intelligence market
The BI and analytics market has majorly been influenced by the development of mobile, information, cloud and social media technologies which are disrupting the market. Self-service analytics engines are disrupting the space as organizations are able to deploy and use analytics on their own unlike before when the traditional BI tools could only be handled by an expert in the organizations.
In India, there are several BI and analytics players. However, the market is led by SAP with a 26% market share, followed by IBM (23%), SAS (16%), Oracle (10%), Qlik Tech (3%) and Tibco (1%), among others. The BI market also reserves a great opportunity for vendors as this is largely a fragmented space where several players are active and trying to innovate with their applications.
Indian business intelligence (BI) software revenue is forecast to reach US$245 million (in constant currency) in 2017, a 24.4% increase over 2016 revenue of US$206 million, according to Gartner, Inc. This forecast includes revenue for BI platforms (comprising of traditional and modern BI platforms), data science platforms, analytic applications and CPM Suites. The data and analytics market is undergoing a significant change. Adoption of machine learning techniques for data management and analytics, the settling of hype around big data through more mature data storage, and processing and analysis solutions are a few of the changes.
Gartner also says the rapid shift to the cloud and hybrid data management through focused offerings, and the emergence of modern BI platforms, smart data discovery and self-service data preparation solutions, which are all fuelling the next round of investments.
Going Forward
Industry body NASSCOM says the Indian software services export market is expected to grow by 7–9% in the coming fiscal. This prediction is in line with the industry body’s 7.8% growth prediction by the end of March 2018. However, the firm says there looms some uncertainty pertaining to the work visa rules in the US, the biggest market for India’s software export business.
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