It added that the sector must quickly migrate to Cloud systems and integrate advanced security into the network to ensure sustained growth.
Cornered by market trends like fast-emerging technology, competition booming on evolving fronts and changing client demands, it is no longer feasible for the IT sector to depend simply on cost arbitrage and skilled resources available domestically, the white paper, reviewed by Business Standard, said.
The IT/ITeS sector currently contributes 7 per cent to the GDP, which is expected to rise to 10 per cent by 2026.
IT and ITeS companies support a plethora of organizations using multiple heterogeneous on-premises and Cloud environments.
However, 80 per cent of IT and ITeS companies in India are expected to migrate 90 per cent of their workload to the Cloud by 2027, the white paper said.
This story is from the November 19, 2024 edition of Business Standard.
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This story is from the November 19, 2024 edition of Business Standard.
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