New Delhi: The infrastructure management services sector could grow into a $200 billion industry by 2010 and that's good news for the Indian IT companies, reports CNBC-TV18.
The US government is the latest among a growing group of customers looking to Indian IT firms to manage IT hardware. This way the companies don't need to retain expensive in-house technical staff.
They could cut costs as much as 60 per cent. HCL, which offers this service from its facilities in Delhi, says business has been booming.
"We have grown very well in this sector. In the last three quarters, we have shown in excess of 100 per cent growth year over year in this sector," said Vineet Nayar,CEO of HCL Comnet.
For Wipro, which offers the service out of its Bangalore centre, infrastructure management contributes about 10 per cent to its bottom line and it sees potential to grow.
Satyam has been developing its IMS (Information Management System) division in Chennai. It has even hired a 20-year industry veteran from the US to head it.
"Currently we are about five to seven per cent of our revenue, our intent is to get it to 20 to 25 per cent in the next few years," said Nick Sharma, Senior Vice President, IMS Division at Satyam Computers.
"Satyam currently has about 1000 people working in its IMS division, 800 of them hired in the last few months alone and the company is not stopping there. It plans to double headcount by the end of this year."
Gartner and Deutsche Bank say the IMS business might grow to $200 billion by 2010. Indian IT companies are preparing themselves.
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