IT Enabled Business Model
Information Technology-enabled Services (ITeS) are offered as businesses use them to provide consumers with business operations (such as customer support) services. In exchange, these firms opt for Business Process Outsourcing as they pursue ITeS facilities (BPO).
Related projects:- Information Technology (IT) Based Projects
Global Demand of business
Compared with the IT-BPM industry, the global sourcing market in India continues to grow at a higher pace. In 2016-17, the worldwide IT & ITeS market (excluding hardware) hit US$ 1.2 trillion, while the worldwide sourcing demand has risen 1.7-fold to US$ 173-178 billion.
In 2016-17, India remained the top sourcing destination in the world with a 55 %share. Over 1,000 global delivery centers have been set up by Indian IT & ITeS businesses in over 200 cities around the world.
More importantly, the industry has led the country's economic transformation and altered India's perception of the global economy. Cost competitiveness in the provision of IT services by India, which
In the global sourcing market, it is approximately 3-4 times cheaper than the US and continues to be the cornerstone of its Unique Selling Proposition (USP). India is, however, also gaining prominence in terms of Intellectual capital with several global IT companies establishing their centers of innovation in India.
Significant demand has also been created by the IT industry in the Indian education sector, particularly for Computer Science and Engineering.
Scope of the Business
India's internet market is projected to double to US$ 250 billion by 2020, rising to 7.5% of the gross domestic product (GDP). According to a study by the National Association of Software and Services Firms, the number of internet users in India is projected to hit 730 million by 2020, backed by the rapid adoption of digital technologies (NASSCOM).
In addition to adding 130,000-150,000 new jobs during the same period, Indian IT exports are expected to rise at 7-8 per cent in 2017-18.
India's digital commerce sector is set to rise at 30.4 per cent.
According to a survey by the Internet and Telecom Association of India and IMRB Kantar, 1 cent year-on-year to Rs 220,330 crore (US$ 34.11 billion) by December 2017. Indian technology firms expect the digital economy of India to have the ability to cross US$ 4 trillion by 2022, against an estimation of US$ 1 trillion by the Government of India.
The planned software unit is to build smartphone and web-based software development applications. As we know that the market is quickly evolving against digital technologies and the development of cell phones, the reach of new apps and applications is expected.
Related video: - Business Ideas for Startups
Market Potential in India
India's internet market is projected to double to US$ 250 billion by 2020, rising to 7.5% of the gross domestic product (GDP). According to a study by the National Association of Software and Services Firms, the number of internet users in India is projected to hit 730 million by 2020, backed by the rapid adoption of digital technologies (NASSCOM).
In addition to adding 130,000-150,000 new jobs during the same period, Indian IT exports rose by 7-8 per cent in 2017-18. According to a report by the Internet and Mobile Association of In December 2017, the digital commerce sector in India is expected to rise at 30.4 % year-on-year to Rs 220,330 crore (US$ 34.11 billion) by December 2017.
Major ITES Companies in India:
• Genpact Limited
• Aegis Limited
• WNS Global Services Private Limited
• Firstsource Solutions Limited
• MPhasis Limited
Bottom Line
The project as a whole defines the scope and feasibility of the sector of IT & IT enable units and, in particular, the financial, technological and business capacity of these units.
The project assures an adequate fund for repayment of the loan and also ensures a reasonable return on investment in money.
This project is able to generate employment of 15 or above when analyzing the social-economic impact. It will meet the demand of units enabled by IT & IT and thus help other business entities to increase the production and service that provide this industry with service and support.
We can therefore conclude that the project is technically and socially viable and commercially sound in all respects.
NIIR PROJECT CONSULTANCY SERVICES (NPCS) is a reliable name within the industrial world for providing integrated technical practice services. NPCS is manned by engineers, planners, specialists, money consultants, economic analysts, and style specialists with in-depth expertise within the connected industries.
The reports are led by NPCs, which is a reliable and assuring site to trust. We provide the latest reports with the closest accuracy to provide the best information to our readers.
PM_Art2021
For More Details, Click Here:- Information Technology-enabled Services
Tags:
#DetailedProjectReport #businessconsultant #BusinessPlan #feasibilityReport #NPCS #industrialproject #entrepreneurindia #startupbusiness #ITIndustry #ITbusiness #ITbusinessIdeas #ITStartups #ITProduction #BusinessIdeas #StartupBusinessIdeas #BusinessOpportunity
