India’s technology services industry could accelerate growth by 2-4 percent over the next five years, reaching $300-350 billion in annual revenues if it can win in the cloud, AI, cybersecurity, and other emerging technologies.
The increasing cloud consumption and other digital services like Artificial Learning (AI) and Machine Learning (ML) are making way for the digital and cloud services, with an opportunity to reach USD 600-700 billion by 2025. Coupled with cybersecurity and IoT digital spending, the technology services are expected to reach USD 300-350 billion in revenue by 2025, according to a Nasscom report.
IT services to reach $350 bn in 2025: Nasscom
More like thisRelated
Cisco, RingCentral, and Zoom Accelerate AI-Driven CX for Contact Center Customers
Global contact-center leaders Cisco, RingCentral, and Zoom are investing...
Firstsource inks deal to acquire Pastdue Credit Solutions
Firstsource Solutions has signed a deal to acquire Pastdue...
Nike to cut jobs in tech division as part of outsourcing strategy
Nike is laying off some employees in its technology...
Hinduja Global looks for new CEO as it steps up AI-led innovation
Hinduja Global Solutions (HGS) has revealed that it’s looking...
