The revenue opportunity from these projects could be as large as Rs.25,000 cr over the next few years. With the new government pushing for e-governance, government agencies have once again begun floating online tenders for information and communications technology (ICT) projects, a move that may give the domestic information technology (IT) market a much-needed fillip.
“The domestic IT market, which only includes domestic consumption and delivery, is growing at 15-17% at present. But if we take the pent up demand in consideration, it could grow as much as 20%,” said Sanchit Gogia, chief analyst and chief executive of Greyhound Research.“If the budget brings about a slew of new measures for SMBs (small and medium businesses), that can also have an impact on the overall demand for domestic IT services.”
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