As my profile says I am a "Soft Proff", so today I thought of writing about something that concerns me and people earning their livelihood from Indian software industry and trying to make their foot prints hard to vanish. I am quite optimistic about the growth prospects, but I doubt till when?
Indian software industry ever since its inception has been more or less US based until in recent years they have very well learnt lessons and have accordingly modified their business strategies and revenue concentration. They are now banking on opportunities available in Middle East, South East Asia, Europe, South America etc. For this biggies like ,
and
have done real big acquisitions like
.
I respect the foresight of the Indian IT leaders and the hard work they have put in to make this dream of a flourished Indian IT industry come true. But how far will it go from here. You all will very well agree with me that near about 70-80% of the work done from India is more or less service based. We make softwares for renowned banks abroad, for shopping malls, automobile industry and they are all successful softwares. But boy we are still not into whole and sole product industry. Why? Do we lack innovativeness, or we don't have that kind of foresight regarding what would be successful and what the market will need in coming days? Or we fear that we won't be able to market the products? The major reason I feel we are not into product industry is because India doesn't have a domestic software market. Off course it is growing but still the appetite is quite low. Once the domestic market develops a good appetite then there would be need based product development which will obviously flourish eventually down the line. And this will decrease the dependency on dollar or euro.
What about the service based industry? There would be one point in time when every transaction in this world would have been automated and there would be a code to do that and store that. Will the organizations afford to rewrite the code then? Even if there is a new technology, will there be a code base migration? I don't think so. New technologies which are much more efficient are already in market but still mainframes are used in hell lot of businesses. So what will happen to service based industry then? There will be service based industry, but there will be only maintenance and sustenance jobs and no core development jobs. But when will this happen? Has anybody predicted this or am I getting too pessimistic? Anyways I am no more in service industry so am not that much bothered.
But still I am a part of the almighty software community. So long live software industry!!
Tuesday, June 3, 2008
Future of Indian Software industry
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1 comment:
Dude!
You think domestic market is the major reason why Indian IT is service based than product based?
That's so 1996ish!
This is Internet world! If there's no domestic market, then sell it to the world. Internet us much more than IM & Orkut. The big 3 you mentioned in your post already have offices all over the world. The fact is that we totally suck @ innovativeness and risk taking abilities.
Mark my words - services industry will never die! There will NEVER be a stage in the world when every transaction would be automated (unless of course, artificial intelligence takes over and bots kick our butts). No one can survive without services! What matters is who provides them. Today its India, tomorrow it might be Europe, Russia or China.
Btw, I've scribbled about this all over my blog so many times that I developed many foes.
Keep up the good work.
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