A majority of IT business will come from digital transformation projects in coming years, says C P Gurnani, Managing Director (MD) and Chief Executive Officer (CEO), Tech Mahindra . Gurnani is confident that the IT industry will achieve 11-11.5 percent compounded annual growth rate (CAGR) over the next five years and will meet the 2020 revenue target of USD 225 billion.
Global software and Cloud major Oracle is expecting a phenomenal 10-fold growth in its India businesses by 2020 as the country holds an enormous market opportunity for its bouquet of Cloud services, a top company executive has said. “Cloud will be an enormous market opportunity for us in India. My expectation is to become 10 times the size we are now in India by 2020. Actually for us, it is the single largest growth potential country,” Oracle Global CEO Safra Catz said at the ongoing Oracle OpenWorld (OOW) 2016 conference here. Catz, who visited India in April this year, promised $400 million worth of investments in the technology hub Bengaluru, with announcing the first “Oracle Startup Cloud Accelerator” in the city. She also announced nine regional software and technology incubation centres across the country and an initiative to train over 500,000 Indian students every year. Oracle has been in India for over 25 years and during that time we’ve grown our investments tremendously. In fact, India now represents our second largest employee base outside of the US, with nearly 40,000 current employees and an additional 2,000 current job openings.
Mobile data traffic in the country is expected to grow the fastest globally at 15 times by 2021, according to a report. The country also grew the most in terms of net additions in mobile subscriptions during the March quarter at over 21 million, followed by Myanmar and Indonesia with 5 million net additions each and US and Pakistan with over 3 million net additions each, the Ericsson Mobility Report said. Between 2015 and 2021, the number of IoT connected devices is expected to grow 23 percent annually, of which cellular IoT is forecast to have the highest growth rate. Of the 28 billion total devices that will be connected by 2021, close to 16 billion will be IoT devices, the report said.